Elixinol just bought land in NSW to grow pot and changed its name to the
Australian indigenous word ‘Nunyara’
February 7, 2019 | Peter Farquhar (Health & Biotech)
Elixinol Global Limited (ASX: EXL) just paid
$2.6m for 60 acres of land in northern NSW
on which it hopes to grow medical cannabis.
It’s so confident in the healing properties of
hemp, it’s renamed its subsidiary, Elixinol
Australia Pty Ltd, to Nunyara Pharma Pty Ltd.
“We understand the department is under-
resourced and has been unable to assess
applications within the time-frame originally
suggested.”
The ODC licences were submitted in early
2018.
‘Nunyara’ Elixinol states, “is an Australian
indigenous word meaning ‘to be made well
again’.”
The land also includes a 5000 sq m footprint
on a block inside the property for the first
stage of a “planned facility” – namely,
greenhouses.
The only things Elixinol doesn’t have is an
Australian Medical Cannabis Licence and a
Manufacturing Licence from the Australian
Office of Drug Control, and DA approval
from the local council.
Managing director Linda McLeod said while
the
lack
of
ODC
licences
was
“disappointing”, it was “in no way reflective
of the quality and robustness of our
submissions”.
As for the name change to Nunyara, it’s
designed to differentiate its medical cannabis
activities from those of the company’s
Colorado-based business, Elixinol.
That business focuses on hemp-derived CBD
dietary supplements and “fast-moving
consumer goods”.
https://stockhead.com.au/health/elixinol-just-
bought-land-in-nsw-to-grow-pot-and-
changed-its-name-to-the-australian-
indigenous-word-nunyara/