ALPS and Cann Group Limited sign agreement to confirm and vary facility design, construction management and (post) commissioning services
End-to-End, $2.5 Million Agreement for 363,000 sqft High-Tech Greenhouse
Agreement Includes APIS Installation and Ongoing Service Contract
LAS VEGAS and MELBOURNE, Australia, Jan. 26, 2021 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) announced today that ALPS – a company in the process of being acquired by AUSA – through its wholly owned subsidiary Larssen Greenhouse Consulting (“LGC”) has signed an updated agreement with Cann Group Limited (Cann) (versus the “Original Agreement” dated 18 March 2018) to confirm the delivery of end-to-end design, construction and (post) commissioning services for Cann’s planned 363,000 sqft, high-tech greenhouse near Mildura in north-west Victoria, Australia. Furthermore, as part of the update to the Original Agreement, ALPS will be assisting Cann in the deployment of a computerised compliance and maintenance management system, APIS. Cann also has the ability to enter into an ongoing service and maintenance contract.
Supporting Cann’s Facility Construction
ALPS and Cann originally collaborated in 2018 under the Original Agreement when Aurora Cannabis (“ACB”) had an ownership interest in Cann. Subsequently, ACB exited its position in ALPS and Cann. During this time, Cann decided on Mildura for its new flagship cannabis cultivation and processing facility. In March 2017, Cann was issued Australia’s first medicinal cannabis cultivation licence, and has now embarked on the construction of a state-of-the-art facility.
Cann announced in November 2020 that the company had secured A$50 million (approximately CAD$49 million) secured debt facility with National Australia Bank to be used for construction of the A$112 million first stage of its Mildura project. Phase I of the project, with first product expected to be processed and released by March 2022, is projected to produce approximately 12,500 kg of GMP