AU: Canadian MMJ company puts down roots in Queensland

A rich farming region in southern Queensland has proved the perfect location for a Canadian company’s extensive Australian operations. Asterion is building one of the world’s biggest glasshouse projects to cultivate medicinal cannabis,with the aim of exporting up to A$2 billion worth of products annually.

Vancouver-based Asterion Cannabis Inc. is developing the largest medicinal cannabis facility in the world on the outskirts of Toowoomba, a major service centre in a key agricultural zone.

The company’s wholly owned Australian subsidiary – Asterion (Australia) Pty Ltd –plans to produce high quality, affordable, genetically uniform cannabis strains to service the flourishing global market for medicinal cannabis and cannabinoids (chemicals).

The move into Australia was set in motion by Stephen Van Deventer, Asterion Chairman and CEO. Van Deventer first worked with Australian partners in 2015 in a previous role with a Canadian biomedical company and liked the way business and research was conducted.


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