Regional Development Minister Alannah MacTiernan has welcomed the signing of a Memorandum of Understanding (MOU) between Cannaponics and Avacare Health Australia, marking another milestone in the development of a pharmaceutical manufacturing facility in Collie.
The 2,000 square metre manufacturing facility would be built next to the 3,600sqm greenhouse that is currently under construction, for the purpose of producing a dried cannabis flower that will be further processed into medicinal products.
It is anticipated that Cannaponics products would be available for distribution in Australia and exported internationally, positioning Collie to capture a slice of the rapidly growing medicinal industry.
The project will use new innovations in technology and is attracting the support of leaders in their field. Cannaponics is providing sponsorship to an expert medical cannabis cultivation grower from Canada to join their team and bring their unique perpetual harvesting methodology to the project.
Under the MOU, research and development will be carried out on hemp as a replacement for petroleum-based plastics and textiles needed to manufacture Personal Protective Equipment (PPE) and various medical devices.
The content of the MOU is conditional upon full regulatory approvals under which Cannaponics is governed and operates under local, State and federal authorities.
Construction of the Cannaponics greenhouse is being made possible with $2 million through the State Government’s Collie Futures Industry Development Fund, which was established to drive economic diversification and create jobs in the Collie area by developing new and expanding industries.
The Fund has attracted game-changing initiatives that are placing Collie at the forefront of industry, with some project proponents collaborating as they position themselves in the transitioning economy and create the jobs of the future.
For more information about the Collie Futures Fund or to apply for funding to support a project, click here.