LGC Capital's Australian LP Little Green Pharma Becomes Country's First Company Authorized to Sell Locally-Grown Medicinal cannabis

Published: August 23, 2018

LGC Capital's Australian LP Little Green Pharma Becomes Country's First Company Authorized to Sell Locally-Grown Medicinal cannabis

LGC Capital Ltd. announce that its Australian medical cannabis company Little Green Pharma (LGP), has become the market leader in Australia by becoming the first Australian company to locally-grow and produce medicinal cannabis products for sale to Australian patients. The first products are now ready to be delivered to patients. Their full media release is shown below.

LGP is making high quality and reliable medicinal cannabis products available to Australians. The medicines are cultivated, without pesticides, in a hydroponic facility in Western Australia’s southwest region and processed in a manufacturing facility near Perth.

The products have been subject to extensive assessment and testing based on the Australian TGA regulation, before being distributed under Australia’s tightly controlled medical prescription system.

Under the Australian system, medicinal cannabis products must be prescribed by medical practitioners and sold by registered pharmacists.

Medicinal cannabis is currently being prescribed in Australia for a variety of conditions with the Commonwealth Department of Health developing clinical guidance documents for the treatment of epilepsy, multiple sclerosis, chemotherapy-induced nausea and vomiting, chronic non-cancer pain and palliative care (visit www.tga.gov.au/medicinal-cannabis-guidance-documents).

John McMullen, CEO of LGC Capital stated: “This is a tremendous achievement for Little Green Pharma to be first to market as an Australian producer of medicinal cannabis and become the market leader in a very strictly regulated environment. LGC sees Australia as a key growth market for medical cannabis and a gateway into the very important Asia Pacific region.”

LGP’s Managing Director, Fleta Solomon said, “Local production and a more affordable treatment option would make a significant difference to thousands of Australians seeking medicinal cannabis products. At present, Australians who want these medicines have to buy expensive imported products or travel overseas for treatment. The advent of Australian production marks a new era for cannabis medicines. This will accelerate a vital and valuable science-based industry with significant export potential. Until now, some patients, and the distressed parents of chronically-ill children, have sought out illegal cannabis suppliers to access potentially unsafe products. With the new regulations and the development of a controlled production and prescription regime, this trade is being displaced by the strict quality control requirements of the Australian government.”

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