Asterion Feels Ready to Fill the Gaps in Australia’s Cannabis Market

Asterion Cannabis Inc. President and COO Hamish Sutherland talks about Australian cannabis opportunities and provides a project update.

Asterion Cannabis Inc. President and COO Hamish Sutherland recently joined Proactive Investors to talk about the company’s Australian cannabis project and the opportunities the Australian cannabis market presents. The interview started with Sutherland’s views on the opportunities in the Australian cannabis industry. According to Sutherland, investors are looking to cannabis markets outside of North America for regions that are set up to serve the global markets quickly.

“Typically people look at the US as the elephant in the room, but the rest of the world is equally sized and equally moving forward with cannabis legislation,” said Sutherland. “Australia is well-poised to fulfill that role as the current Minister of Health has declared he’s seeking and looking forward to Australia establishing a role as one of the global suppliers. One of the reasons for that is that it is a regulated environment and market with a clear and consistent government on which other countries can rely.”

Sutherland went on to talk about Canopy Growth Corporation’s (NYSE:CGC,TSX:WEED) sale of its 13.2 percent interest in AusCann Group Holdings and what this means for the space moving forward. Sutherland feels that this will let other experienced, established cannabis companies to expand their offerings and move into the global cannabis markets. According to Sutherland, Asterion has the largest, purpose-built greenhouse in Australia that is designed to serve not only the Australia market but the global markets as well.

Asterion has submitted its licensing applications to the Australian Office of Drug Control (ODC) and expects to receive its licenses within the coming months. Sutherland emphasized that the company was working closely with the ODC to ensure that the company is compliant with all current and future regulations. The company is also working with several interested parties to ensure that Asterion can mitigate any pitfalls that have so far been experienced in North America.

To watch the full interview, click here.

Click here to connect with Asterion Cannabis Inc. for an Investor Presentation.

When Will Australia Legalise Recreational Cannabis?

Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

So far there are no clear indicators as to when or if Australia could legalise recreational cannabis, but attitudes seem to be changing. Public support is growing, and there’s even some political acceptance.

Read on to learn more about when Australia may legalise recreational cannabis.

Keep reading... Show less

Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

Keep reading... Show less

Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

Keep reading... Show less

AIS Resources’ Australian Yalgogrin Gold Project’s first drill hole returns gold intercepts averaging 1.5g/t over 87 meters including 0.9 meters at 9.3 g/t

A.I.S. Resources Limited ( TSX: AIS, OTCQB: AISSF ) (the “Company” or “AIS) reports that the assay analysis from YDD1 at Neighbour’s Farm historic mine workings, the first diamond drill hole at its Yalgogrin Gold Project, NSW, Australia has been completed by SGS Australia. Extensive gold mineralisation was intersected from 58m through to the end of hole at 162.3m with gold mineralisation remaining open at depth and returning gold Intercepts over 87m averaging 1.5gt. The best individual grades returned up to 9.3 gt Au that are supported by consistent mineralisation hosted within the altered rock mass.

A summary of the intervals and average assays is set out below from the top of the core:

Keep reading... Show less

Resolution Minerals Ltd Drilling Program at Sunrise Gold Prospect Completed

Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) is pleased to announce that it has completed the Company’s first drilling program on the Sunrise Gold Prospect at the 64North Project in Alaska. Drilling was conducted along an existing access road, targeting outcropping granite hosted mineralisation, analogous in style to Kinross’s Fort Knox Gold Mine, which is one of Alaska’s most profitable mines. The Sunrise Prospect was identified in 2020 by a RML trenching program and is located less than 5km from Northern Star’s operating Pogo Gold Mine.

Summary

– A 1400m long “fence line” of 27 shallow RAB drill holes designed to test outcropping mineralisation at the Sunrise Prospect has been completed.

Keep reading... Show less

Top News

Related News