Cann Group Announces Receipt of Import Permits for Genetics and Cannabis Oil

Cann Group Limited (ASX: CAN) has been granted import permits by the drug control section of the Therapeutic Goods Administration (TGA) that enables the company to commence the import of genetics and cannabis oils from its Canadian partners.

The receipt of the genetics import permits will see Cann begin importing tissue culture from Aurora Cannabis and Anandia Labs, which will be used to develop mother plants for Cann’s cultivation activities.

The importation of these genetics will allow Cann to establish a bank of various genetics, therefore facilitating research into the suitability of each genetic strain for certain therapeutic applications.

In addition, by fostering a plant breeding program Cann will establish surety around the supply of material moving forward and broaden this supply beyond locally available gene banks.

Cann Group has immediately commenced the process to import the tissue culture, which will be received in the coming weeks pending a quarantine screening process conducted by the Department of Agriculture and Water Resources.

The import permits for cannabis oil will allow Cann to bring four products developed by Aurora Cannabis to Australia, which will be made available to medical practitioners seeking to provide medicinal cannabis to patients under the Special Access Scheme or Authorised Prescriber Scheme.

In respect of both sets of permits, the corresponding export permits from Health Canada have also been secured.

Cann Group CEO Peter Crock said working closely with quality Canadian partners enables the Company to more quickly advance its own development.


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