Cannabis deal done
EDITION No. 61
Thursday, December 2, 2021
$2.50
SOUL FOOD: Father Gerald Tan will share his love of cooking with parishioners on Christmas Day. See story on page 14.
American link to aid product development Reporter: ELYSIA HARVERSON THE company behind a new locally-based medicinal cannabis facility is combining forces with an expert American-based consumables technology firm to develop its products for human consumption. Cannaponics Limited is building a new commercial cultivation, extraction, processing and distribution facility east of Collie. The company has entered into a partnership with New Age Nanotech, a provider of the clinicallybacked drug delivery technology for cannabinoids, known as Solutech. According to terms of the agreement, the licence allows for product development and commercialisation of pharmaceutical and consumer products. These products include active pharmaceutical ingredients (API), medicines, clinical trial products, complementary medicines, cosmeceuticals, food supplements, nutraceuticals and oral solutions. Cannaponics founder and managing director Rod Zakostelsky said potential future product devel-
opments may include over-thecounter medicines in liquid form, including shots, and ready-to-drink beverages containing cannabis derived Tetrahydrocannabinol (THC) and Cannabidiol (CBD). Mr Zakostelsky said the partnership will enable Cannaponics to build on successful phase one clinical trials and demonstrate clinical efficacy for patient treatments. “Our Solutech-based treatment range will complement our traditional medicinal cannabis formulations and may allow future expansion into the nutraceutical and beverage sectors as regulations allow,” he said. Mr Zakostelsky said the deal will also enable Cannaponics to plug into other industries, including energy drink companies. “Early research on Solutech showed dramatically increased speed of absorption and elimination and peak blood levels, along with a consistent and desirable consumer experience,” he said, adding that this was the “holy grail'' for medicines. The company hopes to start selling products by early next year. Continued on page 14
Bid made for tourism conference
Wilson Park victors at robo comp.
COLLIE has bid to host the 2023 WA Regional Tourism Conference Page 4
WILSON Park School won the recent VEX IQ Robotics Competition. Page 5
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