viewAsterion Cannabis Inc

Asterion Cannabis' Australian subsidiary to kickstart Toowoomba Medicinal Cannabis project

The Toowoomba Medicinal Cannabis Project was awarded Major Project Status by the Australian Federal Government in April

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Asterion Cannabis is a privately owned medicinal-cannabis producer

Asterion Cannabis Inc, the cannabis producer, offered a bit of good news Wednesday, with its announcement that its Australian arm won a permit from the Toowoomba Regional Council to proceed with its Toowoomba Medicinal Cannabis project.

In the simplest terms, the Toowoomba Council has bestowed its approval on Asterion Australia’s design proposals for the horticulture project, which includes glasshouses for cannabis processing and cultivation as well as a facility for the culturing of medicinal cannabis tissue and research labs.

READ: Asterion Cannabis wants to be the largest, ultra-low cost medicinal cannabis producer with geographical diversity in the world

“This approval demonstrates that Asterion has responsibly designed the Project in line with the stringent requirements of the Council for a development of its significant size, befitting a project granted Major Project Status by the Australian Federal Cabinet,” said Stephen Van Deventer, Asterion’s CEO, in a statement.

“The design characteristics of the project are also optimized for environmental sustainability, including water saving and organic practices that reflect the environmental expectations of the Council and the broader Toowoomba community,” he added.

The Toowoomba Medicinal Cannabis Project was awarded Major Project Status by the Australian Federal Government in April. The status requirements had included an estimated investment of A$$50 million or more, strategic significance to Australia and certain Australian government approvals. 

The Australian Federal Government then announced in August that from September it will prioritize giving medical cannabis licenses to those that have been granted major project status, a move welcomed by Asterion.

Asterion Cannabis is currently a privately owned medicinal-cannabis producer focused on producing the highest quality of genetically uniform cannabis strains, at an affordable price.

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on 22/10/19

2 min read