EPN (ASX) Canndeo Information

Originally posted by birdchirp ↑

_{Manufacturing License would have been applied for by Canndeo}
_{So who would the ODC be checking out?}
_{extract from ND ACT 1967}
mce-anchorPart 2—Fit and proper person requirements

mce-anchor8A Matters to be taken into account in deciding whether a natural person is a fit and proper person
Without limiting the matters to which the Secretary may have regard in deciding whether a natural person is a fit and proper person to hold a licence, or to be associated with the holder of a licence, the Secretary may have regard to the following:
(a) any conviction of the person for an offence against a law of the Commonwealth, a State or a Territory;
(b) any civil penalty (however described) imposed upon the person under a law of the Commonwealth, a State or a Territory;
(c) any revocation or suspension of a licence or permit (however described) held by the person under a law of the Commonwealth, a State, a Territory or another country, being a law relating to the prohibition or regulation of drugs;
(d) the connections and associations that the person has with other persons (including but not limited to the person’s relatives);
(e) the person’s previous business experience;
(f) the capacity of the person to comply with conditions of the licence;
(g) whether the person has a sound and stable financial background or is in financial circumstances that may significantly limit the person’s capacity to comply with his or her obligations under a licence;
(h) whether the person is of good repute, having regard to matters going to their character, honesty and professional and personal integrity;
(i) the person’s history of compliance with this Act.
Note: The Secretary must refuse to grant a licence to a person if the Secretary is not satisfied on reasonable grounds that the person and his or her business associates are fit and proper, and must revoke the licence if satisfied on reasonable grounds that they are not fit and proper.
mce-anchor8B Matters to be taken into account in deciding whether a body corporate is a fit and proper person
Without limiting the matters to which the Secretary may have regard in deciding whether a body corporate is a fit and proper person to hold a licence, or to be associated with the holder of a licence, the Secretary must have regard to the following:
(a) any conviction of the body corporate for an offence against a law of the Commonwealth, a State or a Territory;
(b) any civil penalty (however described) imposed upon the body corporate under a law of the Commonwealth, a State or a Territory;
(c) if there is such a conviction or imposition of a civil penalty upon the body corporate:
(i) whether the offence concerned was committed, or the conduct to which the civil penalty relates occurred, at a time when any person who is presently a director or officer of the body corporate was a director or officer; and
(ii) whether the offence concerned was committed, or the conduct to which the civil penalty relates occurred, at a time when any shareholder of the body corporate who is presently in a position to influence the management of the body corporate was such a shareholder;
(d) any revocation or suspension of a licence or permit (however described) held by the body corporate under a law of the Commonwealth, a State, a Territory or another country, being a law relating to the prohibition or regulation of drugs;
(e) the connections and associations that the body corporate, and its directors and officers, have with other persons (including but not limited to relatives of such directors and officers);
(f) the previous business experience of the directors and officers of the body corporate, and of the shareholders of the body corporate who are presently in a position to influence the management of the body corporate;
(g) whether the body corporate has a sound and stable financial background or is in financial circumstances that may significantly limit the capacity of the body corporate to comply with its obligations under a licence;
(h) the capacity of the body corporate to meet the conditions of the licence;
(i) whether the directors and officers of the body corporate are of good repute, having regard to matters going to their character, honesty and professional and personal integrity;
(j) the body corporate’s history of compliance with this Act.
Note: The Secretary must refuse to grant a licence to a person if the Secretary is not satisfied on reasonable grounds that the person and his or her business associates are fit and proper, and must revoke the licence if satisfied on reasonable grounds that they are not fit and proper.

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Is Beehag still with us or has he now officially gone?

https://www.thcl.com.au/wp-content/...ber-Medicinal-Cannabis-Delivering-Results.pdf

"'How many handfuls of years? How long before, do you think, your business has some therapies on the market?
We’re looking at therapies on the market targeted for this calendar year and that would be from the imported source that the Australian government has opened up. For next calendar year, we would expect to supplement that with some local capacity. At that point we are targeting a profit in 2018/2019 area of around $2 million but there’s every opportunity that we can move past that quite quickly. It’s a matter of getting the business rollout correct and having the doctors, the broader community being able to adopt and accept the products that we’re bringing to market. It’s about targeting the right product and it’s about having, I suppose, the benefit to patients that existing pharmaceuticals don’t provide right now. Great to talk to you, Andrew, thanks very much. No problem, Alan, thank you.

That was Andrew Beehag of THC, or at least a division of THC called Canndeo talking about medicinal cannabis."'