This is the major item from this announcement, this says we "intend" to apply. But, I thought we already had. Whichever company gets the first grow license in Australia their share price is going to rocket!
Application for Australian MC cultivation, production and manufacturing licenses
With the recent changes to Australian legislation and the establishment of the Office of Drug Control in Australia, the Company intends to apply for a medical cannabis cultivation, production and manufacturing licences during Q4 2016. This will fast-track the roll out of MGC Pharmaceuticals’ operations in Australia. The Company intends to commence growing operations as soon as possible after receiving an Australian medical cannabis growing licence. A license is a key plank of the Company’s Australian business plan and strategy to undertake clinical trials in Australia for the future development of medical grade products.
Ann: September Quarter Activity and Cashflow Report-MXC.AX, page-3
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