AusCann
Australian cannabis industry company
From Wikipedia, the free encyclopedia
AusCann is an cannabis industry company based in Perth, Western Australia.
 Logo | |
| ASX: AC8 | |
| Headquarters | 35 Havelock Street, , |
Key people | Mal Washer |
| Revenue | A$1,981,664,000 (2023) |
| Total assets | A$18,450,158,000 (2023) |
| Website | auscann |
| Footnotes / references [1] | |
History
AusCann was incorporated in September 2014, founded by former politician Mal Washer with businessmen Troy Langman and Harry Karelis.[2]
In May 2015, AusCann announced that they were planning to grow cannabis sativa on Norfolk Island. The two-hectare site would provide up to ten tonnes of product, with plans to export to Canada.[3] AusCann was the first company in Australia to be granted a license to grow and export medicinal cannabis.[4] AusCann also explored the possibility of growing cannabis on Christmas Island.[5] However, by late 2016, those plans were abandoned.[6]
In January 2017, AusCann executed a reverse takeover of TW Holdings, which was a public company listed on the Australian Securities Exchange (ASX). Soon after, TW Holdings was renamed AusCann Group Holdings and given the new ASX code AC8.[7][8]
In May 2017, AusCann partnered with Tasmanian Alkaloids to produce cannabis at its facility in Westbury, Tasmania.[9]
CEO Layton Mills appeared on season 10 of Married at First Sight which aired in 2023.[10]
In September 2024, AusCann was delisted from the Australian Securities Exchange for failing to pay listing fees.[11]
In April 2025, AusCann signed a deal with Argent Biopharma to accelerate cannabinoid pharmaceutical development.[12][13] The agreement reduces competition between the two firms and enables the sharing of technology.[14][15]