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Australia: MMJ grower gets AUD$2,500,000 government grant

Australia based Solaris Nutraceuticals Pty Ltd, which is building the largest medical cannabis greenhouse in the southern hemisphere, has been awarded a $AUD2,500,000 Regional Jobs Investment Program (RJIP) grant, through the Federal Department of Innovation, Industry & Science.

“We are co-investing with Solaris Nutraceuticals to make sure it (the medicinal cannabis facility) happens,” said Kevin Hogan, Australian Member of Parliament. “Up to 280 jobs will be there one day providing this great new product that is needed by our community. We look forward to having the largest medicinal cannabis facility in the Southern Hemisphere soon in Casino.”

“We are very honoured to be awarded this Federal Grant towards the construction of our 1,200,000 sq. ft. greenhouse,” said Michael Horsfall, Co-founder and CEO of Solaris Nutraceuticals. “We have been overwhelmed with the generous support we have received from all levels of Government. We are working hard to deliver this project. We expect to create upwards of 300 to 500 direct and indirect jobs in the Northern Rivers Region from our greenhouse project. This will provide a significant boost to the local economy”

The new facility will be Australia’s largest growing, manufacturing, processing and research facility in Australia. This is an innovative project which will help patients, create new jobs, complete further research and develop new products in the medical cannabis field.

The company is currently in the assessment stage for three licenses with the Office of Drug Control in Canberra.

“Getting financial support from the local government at this scale is unprecedented,” said Rob Gietl, CEO of MYM. “and we are very excited about the Northern rivers project and the economic impact it can have for the area and Solaris Nutraceuticals Inc.”

The project is scheduled to break ground in the Spring of this year with phase one completed by the Fall. Project completion is scheduled for Q4 2019.

For more information:
MYM Nutraceuticals

Publication date: 2/16/2018



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