CAN 0.00% 6.2¢ cann group limited

I hear there's a great 13.5 hectare greenhouse facility in...

  1. 1,090 Posts.
    lightbulb Created with Sketch. 152
    I hear there's a great 13.5 hectare greenhouse facility in Mildura perfect for growing tomatoes...

    Sarcasm aside, can anyone give me some insight or thoughts on why the BOD thought Mildura was a "perfect place" to grow cannabis? Was it simply because they have a lot of sunlight hours!

    From experience, I could not have thought of a worse place to locate a greenhouse. I can think of at least four key reasons why that's the case:

    Employment issues: Difficulty in attracting talented employees or workforce to rural towns or regions.

    High transport costs: Mildura is 400-540 km to the nearest capital city / international airport resulting in ongoing costs associated with delivery or acquisition of supplies.

    High Energy costs: Mildura is prone to climate extremes, eg. Summers up to 50°C / Winters down to -5°C which equates to high energy costs.

    High OPEX Mildura prone to massive dust storms which can destroy operational equipment, eg air conditioners, filters, etc:

    Last edited by Sagitar: 13/03/24
 
watchlist Created with Sketch. Add CAN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.