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AusCann
ASX: AC8
Headquarters35 Havelock Street,
Perth
,
Australia
Key peopleMal Washer
RevenueA$1,981,664,000 (2023)
Total assetsA$18,450,158,000 (2023)
Websiteauscann.com.au
Footnotes
[1]

AusCann is a cannabis industry company based in Perth, Western Australia.

History

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AusCann was incorporated in September 2014, founded by former politician Mal Washer with businessmen Troy Langman and Harry Karelis.[2]

In May 2015, AusCann announced that they were planning to grow cannabis sativa on Norfolk Island. The two-hectare site would provide up to ten tonnes of product, with plans to export to Canada.[3] AusCann was the first company in Australia to be granted a license to grow and export medicinal cannabis.[4] AusCann also explored the possibility of growing cannabis on Christmas Island.[5] However, by late 2016, those plans were abandoned.[6]

In January 2017, AusCann executed a reverse takeover of TW Holdings, which was a public company listed on the Australian Securities Exchange (ASX). Soon after, TW Holdings was renamed AusCann Group Holdings and given the new ASX code AC8.[7][8]

In May 2017, AusCann partnered with Tasmanian Alkaloids to produce cannabis at its facility in Westbury, Tasmania.[9]

CEO Layton Mills appeared on season 10 of Married at First Sight which aired in 2023.[10]

In September 2024, AusCann was delisted from the Australian Securities Exchange for failing to pay listing fees.[11]

In April 2025, AusCann signed a deal with Argent Biopharma to accelerate cannabinoid pharmaceutical development.[12][13] The agreement reduces competition between the two firms and enables the sharing of technology.[14][15]

See also

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References

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  1. ↑ "Annual Financial Statements" (PDF). AusCann Group Holdings Ltd. 30 June 2023. Retrieved 2025-04-28.
  2. ↑ Hannaford, Scott (2015-02-20). "King of cannabis Nevil Schoenmakers stages a quiet comeback". The Sydney Morning Herald. Retrieved 2025-04-28.
  3. ↑ Staff (2015-05-20). "Australia's Norfolk Island to export high-grade medicinal cannabis to Canada". The Guardian. ISSN 0261-3077. Retrieved 2025-04-28.
  4. ↑ "Norfolk Island decision sparks calls to legalise medical cannabis". ABC News. 2015-05-21. Retrieved 2025-04-28.
  5. ↑ Hasham, Nicole (2016-01-02). "Christmas Island medical cannabis plan: community expresses concern". The Sydney Morning Herald. Retrieved 2025-04-28.
  6. ↑ "WA companies welcome decision to prescribe medicinal cannabis". ABC News. 2016-10-28. Retrieved 2025-04-28.
  7. ↑ "TW Holdings Ltd: AusCann strengthens its board of directors". Proactiveinvestors UK. 2016-06-02. Retrieved 2025-04-28.
  8. ↑ "TW Holding closes takeover bid for medical cannabis company AusCann". Proactiveinvestors UK. 2017-01-10. Retrieved 2025-04-28.
  9. ↑ KEMPTON, HELEN (May 17, 2017). "Poppy grower Tasmanian Alkaloids to expand into medicinal cannabis in joint-venture deal with AusCann". The Mercury. Retrieved 2025-04-28.
  10. ↑ "AusCann chief is looking for love". Australian Financial Review. 2023-02-07. Retrieved 2025-04-28.
  11. ↑ Buncsi, Patrick (2024-09-10). "ASX de-listings outpacing new entrants". Financial Newswire. Retrieved 2025-04-28.
  12. ↑ Jones, Steve (2025-04-23). "Argent Biopharma and Auscann sign deal to 'enhance drug development'". Cannabiz. Retrieved 2025-04-28.
  13. ↑ "Argent BioPharma and AusCann enter heads of agreement for cannabinoid drug development". biotechdispatch.com.au. Retrieved 2025-04-28.
  14. ↑ "Argent and AusCann partner to accelerate cannabinoid pharma development". The Australian. April 15, 2025.
  15. ↑ Stevens, Ben (2025-04-17). "Ananda Lists on US OTCQB Market, Argent Bio Signs Data Sharing Deal With AusCann, & IMC Under New Threat of NASDAQ Delisting". Business of Cannabis. Retrieved 2025-04-28.
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