- Cronos (CAU) secures two licences from the Victorian government to enable the operation of its newly-commissioned Melbourne distribution centre (MDC)
- The licences permit the supply of all products from Schedule 2, 3 and 4, and only cannabis and THC products from Schedule 8 to the MDC to pharmacies
- Cronos says the MDC facility supports its “market-leading” CanView platform and can facilitate a significant uplift of its medicinal cannabis sales volume
- The MDC will cover distribution to pharmacies and patients in Victoria, parts of New South Wales, South Australia, Western Australia and Tasmania
- Cronos shares closed 10.64 per cent higher at 78 cents this afternoon
Cronos (CAU) has secured two licences from the Victorian government to enable the operation of its newly-commissioned Melbourne distribution centre (MDC).
The licences permit the supply of all products from Schedule 2, 3 and 4, and only cannabis and THC products from Schedule 8 to the MDC to pharmacies.
Cronos said the MDC facility supported its “market-leading” CanView platform and could facilitate a significant uplift of its medicinal cannabis sales volume.
CEO Rodney Cocks said the MDC was another “important milestone” for the company.
“The highly secure, state-of-the-art MDC facility can support a significant uplift in medicinal cannabis sales volume through our market-leading CanView platform,” Mr Cocks said.
“It also puts product closer to pharmacies and patients while underpinning business continuity contingency planning.”
The “state-of-the-art” facility is almost twice as big as the existing Gold Coast facility, and Cronos said it included productivity improvements from lessons learned in the operation of the existing warehouse.
More importantly, the company said the facility put its medicinal cannabis products closer to pharmacies and patients and would cover distribution in Victoria, parts of New South Wales, South Australia, Western Australia and Tasmania.
Its Gold Coast facility will now look after the remainder of New South Wales, Queensland, Northern Territory and the Australian Capital Territory.
The facility will now begin to receive orders, with the operations team fully trained and ready to dispatch products.
It is anticipated that there will be an official opening of the facility in the coming months.
Cronos shares closed 10.64 per cent higher at 78 cents this afternoon.