Medcan Australia, a fully integrated producer of medicinal cannabis, has bolstered its capacity to produce dried cannabis flowers with the official opening of a $12 million vertical farming facility in Brisbane’s outer southwest.
The company says the 3,000sqm Heathwood facility, which has been two years in the making, is the most technologically advanced medicinal cannabis facility in the southern hemisphere with the capacity to produce 6,000kg of dried cannabis flower worth about $60 million, significantly boosting the company’s ability to meet demand.
There was a larger Canadian-owned medicinal cannabis operation called Boreal in Uruguay which was much larger than the Medcan site but closed in July, according to local press in the South American country.
“Up until now, we have been selling more medicinal cannabis than we can produce,” says Medcan Australia CEO and co-founder Craig Cochran. Medcan describes itself as a market leader in the field, supplying more than 10 percent of the dried flower market in Australia.
The new facility is said to be able to produce twice the volume of dried cannabis flower that the company is currently selling. Vertical farming offers advantages to greenhouse operations by producing smaller plants, structured plants that leave behind less biomass waste.
Read more at businessnewsaustralia.com