AusCann Group, a Perth-based medical cannabis business will grow a marijuana crop on Christmas Island, off the north-east coast of Western Australia, with plans to sow the first seeds as soon as January 2016.
The crop follows the company’s $3 million capital raising, and comes ahead of its planned listing on the ASX early next year.
The trial planting will include five varieties of cannabinoids sourced from leading Spanish company Phytoplant Research with which it has an exclusive partnership.
Elaine Darby, AusCann managing director, says if the test is successful, and federal legislation is changed, the first commercial crops will be planted in late 2016.
“We have carefully selected Christmas Island for its isolation, climate and security,” she said in a statement.
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