An Australian-owned medicinal cannabis company has opened a new distribution facility on the Sunshine Coast.
Canntic has started operating at its new Coolum Beach facility, where it is licensed to provide Therapeutic Goods Administration-compliant products to any Australian-licensed pharmacy, which can then dispense the products on prescription.
Canntic CEO and managing director Shaun Anderson was thrilled the group expanded its facilities to the region.
“We are a Sunshine Coast-based company started by two locals, with myself having worked for 30 years in big pharma, and my partner being an engineer involved in the renewable energy space,” he said.
“Our aim now is to provide patient access to the clinical benefits of plant-based medicine through prescribed authorised avenues via the TGA-approved channels.
“All our products meet the rigorous TGA standards for unregistered medicines.
“Sunshine Coast Council has provided business support measures over a number of years assisting us with finding potential sites, investment support and promotion through its Sunshine Coast Economic Resurgence Plan.
“We look forward to growing our presence on the Sunshine Coast and continuing our mission to build locally owned and operated plant-based medicine businesses, in a socially responsible and environmentally aware way.”
Sunshine Coast Mayor Mark Jamieson officially opened the premises.
“Canntic’s warehouse, dispensary and virtual clinic facility has an estimated capital expenditure of $1.3 million,” he said via a council media release.
“This major company has a forecasted economic impact to the region of $9.44 million, generating more than 29 direct and indirect local jobs.
“The new facility will bring patient and tele-health access to plant-based medicine for regional and interstate patients and advance our region in line with the priorities from our Regional Economic Development Strategy 2013-2033.”
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