Image Sourced ShutterStock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Elixinol Global subsidiary Nunyara Pharma has been granted a license to manufacture medical cannabis
  • Nunyara can manufacture cannabis tinctures, extracts and cannabis resin
  • The company is currently waiting for its approval to receive its Medicinal Cannabis Licence

Elixinol Global subsidiary Nunyara Pharma has been granted a license to manufacture medical cannabis.

The Australian Office of Drug Control gave the license to Nunyara to manufacture cannabis tinctures, extracts and cannabis resin.

Cannabis Tinctures is also known as green or golden dragon and are alcohol based cannabis extracts, essentially infused alcohol.

A Cannabis extract is an oil-like substance that comes from the plant.

Cannabis Resin is a dark to light brown substance which is scraped off the surface of the Cannabis Plant and pressed into a solid lump.

Elixinol Global is a global leader in the cannabis industry, selling hemp-derived CBD dietary supplements, hemp food and wellness products, as well as the farming and manufacture of medicinal cannabis products.

Nunyara founded in 2014 to participate in the emerging Australian medicinal cannabis market.

The company is currently waiting for its approval to receive its Medicinal Cannabis Licence which will allow the Company to farm and produce cannabis for medicinal purposes.

Elixinol CEO, Stratos Karousos is pleased with the approval.

“The granting of the Manufacture Licence is extremely exciting and we look forward to also being granted our Medicinal Cannabis Licence shortly which will complete our licence application process for Nunyara,” he said.

EXL by the numbers
More From The Market Online

This stock provides Oz’s only HIV self-test kit – and it’s bullish on the budget

Atomo Diagnostics is the only company in Australia that provides TGA-approved HIV self-test kits. It says…

Recce Pharma heading closer to full efficacy data for flagship R327

Recce Pharma has announced the latest cohort of patients in the company's Phase I/II UTI trial…
The Market Online Video

Breaking barriers in cancer treatment: Race Oncology pioneers a new era with bisantrene

Race Oncology (ASX:RAC) has announced positive results in killing cancer cells in combination with the drug…

Optiscan agreement with Mayo Clinic aims to expedite robotic surgery

Optiscan Imaging is parterning with Mayo Clinic to develop a digital confocal laser endomicroscopic imaging system