AU: Debt facility to support construction of medicinal cannabis plant

Construction of a major medicinal cannabis production site at Lemnos will be boosted by an approved debt facility from the Commonwealth Bank.

Cannatrek, which has built up a 25 percent share of the Australian medicinal cannabis market, was building outdoor and indoor grow facilities, a post-harvest facility, an extraction plant, and a packaging, storage, and national distribution center due to open this year.

The Shepparton development would produce plant-based medicinal products with the capacity to yield between five and 10 tonnes of dried premium-grade flower a year.

More than 75 jobs were expected to be created once a new production facility was up and running.

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