TWH 0.00% 1.2¢ tw holdings limited

Ann: TWH to Acquire AusCann Group Holdings Ltd, page-35

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 28,706 Posts.
    lightbulb Created with Sketch. 237
    reefer madness

    An Australian company will grow medicinal cannabis on Christmas Island. AusCann will begin planting trial crops of marijuana on the detention centre island ahead of its planned listing on the Australian Securities Exchange in early 2016.


    Read more: http://www.smh.com.au/business/aust...mas-island-20151209-glj7xg.html#ixzz4383nu8GN


    Back in 2014, Tasmania was looking likely to become the first State in Australia to grow medicinal cannabis legally. Until the March 2014 State Election, when the incumbent Liberal Government was elected - and shut down the proposition. “They wouldn’t have a bar of us,” says Doctor Mal Washer, the founder of AusCann—Australia’s leading group lobbying for the growth of medicinal cannabis—and a former Western Australian Liberal MP.

    But Tasmania’s change of government didn’t deter AusCann. A few months later in 2014, the group was negotiating with Norfolk Island to grow crops there instead. Norfolk Island’s administrator Gary Hardgrave soon vetoed a licence for AusCann to grow crops on the island in 2014 - citing health and safety concerns.

    Moving forward, AusCann is feeling optimistic about their newest proposed site to grow medicinal cannabis: Christmas Island. “We hope to plant in March or April [2016]. Then if we get it in the ground to plant and we don’t have any problems, We could do that and have it out before next Christmas,” AusCann’s Mal Washer tells Hack. Even though his movement has met roadblocks over the years, he’s upbeat about medicinal cannabis crops appearing soon.

    http://www.abc.net.au/triplej/programs/hack/medicinal-cannabis/7071636
    Last edited by ddzx: 17/03/16
 
watchlist Created with Sketch. Add TWH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.