Ann: Q&A on the merger of QBL MCL and Medcan, page-279

You also do not require to hold any TGA licenses if you're only doing cultivation and production.

Manufacture is aimed to using the produced product to develop medicines.

two companies cannot conduct business unless both hold the required licenses

e.g. a Cultivator and Producer and only sell to a medical company that holds the manufacturing license (for obvious reasons)

Also, a quick difference between the two, as you can have a license for either or both, Cultivation is the growing/nurturing of the plant, Production is the seperation of the female flowers and leaves from the stem. (Growing and harvesting)