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Marijuana Stocks in Australia

January 26, 2017

 

 

Most of our readers are familiar with the marijuana-related stocks trading on the Frankfurt Stock Exchange and the cannabis-related biotech names trading on the NASDAQ. This is why we wanted to touch on the marijuana investments available down under, in Australia!

 

Australia is quickly becoming a home base for cannabis companies looking to take advantage of recently legalized medical marijuana. Coupled with favorable opportunities for listing on the Australian Securities Exchange (ASX), and Australia is rapidly becoming a hot spot for cannabis innovation and investment.  

 

Legal Status of Cannabis in Australia:

 

  • Medical Cannabis was rescheduled in 2016 making it no longer fall under the most stringent of schedules, reserved for dangerous drugs (similar to Schedule 1 in the U.S.). This means that medical products containing marijuana are now eligible for listing on the Australian Register of Therapeutic goods - making them accessible with a prescription

  • The states retain the right to determine if the drug will be allowed, the people who are permitted to use and dispense it and the appropriate form and dosage. 

  • It remains illegal to grow or use cannabis for recreational purposes

 

Public (and soon to be public) Players:

 

AusCann Group Holdings Ltd. (ASX:AC8) (OTC:ACNNF)

 

AusCann Group Holdings Ltd. is engaged in medicinal cannabis research in Australia and cannabis cultivation projects around the world. They are establishing a joint venture with Chilean entity Fundación Daya for the cultivation and manufacturing of medicinal cannabis products in Chile.

 

MGC Pharmaceuticals Ltd. (ASX:MXC) (OTC:MGCLF)

 

MGC Pharmaceuticals is a medical and cosmetic cannabis company. They have a license to cultivate cannabis in Solvenia and recently harvested their first test crop. On the cosmetics side, they currently sell CBD anti-aging skincare products in California, Canada and the European Union. 

 

Zelda Therapeutics Limited (ASX:ZLD) (OTC:ZLDAF)

 

Zelda Therapeutics is conducting research and clinical trials relating to medical uses of cannabis and its derivatives. The company is in the pre-clinical stages of investigation for the indications of cancer, acute wounds and burns. Through their partnership with California dispensary, Aunt Zelda they are conducting stage two clinical trials for chronic wound healing, eczema, acne and post-burn itch. 

 

Botanix Pharmaceuticals Ltd. (ASX:BOT)

 

Botanix Pharmaceuticals operates in the pharmaceutical sub-sector of the cannabis industry. They have the exclusive global rights to a transdermal drug delivery system known as Permetrex™ for a class of active ingredients including cannabinoids. Their pipeline currently consists of synthetic CBD delivered using the Permetrex™ transdermal system for the treatment of severe acne, psoriasis and eczema. 
 

Creso Pharma Limited (ASX:CPH) (OTC:CRCPF)

 

Creso Pharma is a developer of nutraceutical products derived from cannabis for both human and veterinary use. They have a license to grow industrial hemp in Slovakia, that their subsidiary Hemp-Industries uses to manufacture CBD drops and hemp oil. Additionally, the company plans to use this existing grow operation to conduct further agronomic research and to supply product for their upcoming therapeutics line. 

 

Medlab Clinical Ltd. (ASX:MDC)

 

Medlab Clinical presently sells non-cannabinoid nutraceutical products and is in the early stages of research to develop pharmaceuticals for a range of indications. They are in the pre-clinical stage of development with two cannabis derivatives for non-opioid pain management. 

 

MMJ Phytotech Limited (ASX:MMJ) (OTC:MMJJF) (FRA:2P9)

 

MMJ Phytotech is a diversified, global cannabis company. One of their subsidiaries is United Greeneries, Canadian licensed producer of medical marijuana. They also distribute cannabinoid dietary supplements in Europe and beyond through their subsidiary SatiPharm AG. On the pharmaceutical side, they are conducting pre-clinical studies of a 1:1 ratio THC and CBD gel capsule for the treatment of pain and spasticity associated with Multiple Sclerosis. 

 

Note: MMJ Phytotech is currently finalizing a reverse takeover transaction with Harvest One to list their core Cannabis subsidiaries (Namely, United Greeneries and SatiPharm AG) on the TSX venture exchange

 

Conclusion: 

 

For more coverage of the Australian cannabis industry, be sure to check out our newly launched Australian Marijuana News section. 

 

Never miss an update! Be sure to subscribe to The Daily Marijuana Observer's free newsletter for more news and analysis regarding cannabis in Australia and beyond. Also don't forget to connect with us on social media using the links to the right of the article.  

Disclaimer


Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.