Love Collie

Medicinal hemp production facility due to begin construction

Cannaponics Limited has rolled into Collie.

The company’s first container has been placed on its recently purchased land on Piavanni Road.

The container will be used to store plant and equipment while plans are finalised to build a world-class research, cultivation, extraction and manufacturing medicinal cannabis facility.

The purchase of the 65-hectare lot is a major milestone for the $180 million project that aims to provide over 200 jobs in the initial stages and up to 800 in Stage Four. Employment preference will be given to locals.

Construction of the $8 million Stage One is due to begin late this year, with the first harvest and IPO and ASX listing scheduled for 2021.