Medical cannabis company Cannaponics has raised a record-equalling $5 million – the maximum allowed under Australian law – in an equity crowdfunding campaign via Birchal. The campaign for the West Australian startup lasted just two weeks with 2,771 investors buying in. The only other company to raise the $5 million maximum was Byron Bay’s plastics… Read more »
Gina Rinehart’s mining business, Hancock Prospecting, has tipped $15 million into a $27.2 million capital raise by local medicinal cannabis venture Little Green Pharma. The raise comes as the five-year-old Western Australian ASX venture, which produce medical grade CBD and THC cannabis products for Australia, the UK and Germany, announced the acquisition of medicinal cannabis… Read more »
Greenfield MC is the first Australian-owned company to cultivate medicinal cannabis for research purposes in New Zealand as part of a joint venture with a US-listed commercial producer Research into using medicinal cannabis to treatment of health conditions affecting Maori people is a focus NZ goes to the polls in 2020 with a non-binding referendum… Read more »
The problems startup founders set out to solve are often drawn from personal experience and for Dr Ben Jansen, founder of Cannabis Doctors Australia (CDA), it doesn’t get much more personal as the nascent medicinal cannabis industry establishes in Australia. Jansen’s family business started when his mother was diagnosed with terminal cancer. They faced the… Read more »
RMIT University has signed an agreement with MGC Pharmaceuticals that will see them collaborate on medical cannabis research initiatives in Australia.
DeakinCo, the commercial arm of Deakin University, has partnered with Cann10 Australia to launch the Medicinal Cannabis Leadership Program in Melbourne, an education program for medicinal cannabis.
As part of the 2016 Spark Festival- a nine-day celebration of startup culture, the University of Sydney is set to host Australia’s first ever pitch event for medical cannabis technology. The pitch event, named Seedlings will discuss the combined regulatory, technological and logistical challenges the emerging cannabis industry faces in Australia.