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AusCann Announces Second Crop Planted in Chile

• AusCann’s 50:50 joint venture, DayaCann, plants its second medicinal cannabis crop in Chile

• Planting of the crop follows the recent granting of its second cultivation licence by the Chilean government

• DayaCann presently holds the only cultivation licence to be issued in Chile

• Harvest of the crop is expected to commence in the first half of 2018 and is to be processed into trial formulations for the treatment of chronic and neuropathic pain

• Planting represents another positive milestone in establishing a fully integrated medical cannabis supply chain in Latin America

• This complements and diversifies the work being undertaken in Australia to develop a fully integrated medical cannabis supply chain to provide final dose form medications to Australian patients

AusCann Group Holdings Ltd (ASX:AC8 or ‘the Company’) is pleased to announce that its 50:50 Chilean joint venture, DayaCann, has commenced planting of its second medicinal cannabis crop, following the grant of its cultivation licence as announced on 22 November 2017.

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