Second cannabis harvest for AusCann

Company News

by Rachael Jones

Leading medical cannabis company AusCann Group Holdings (ASX:AC8) has completed its second harvest with DayaCann joint venture partner Fundación Daya in Chile.

The second crop yielded 620 kilograms of dried cannabis product, an increase of over 50 per cent from the first crop.

AusCann sees the South American market as internationally significant following recent legislative changes in Argentina, which has joined Chile, Colombia and Uruguay in legalising medical cannabis for therapeutic purposes.

Shares in AusCann Group Holdings (ASX:AC8) closed down 2.72 per cent to $1.43 yesterday

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.