Overview

Corporate Office

VANCOUVER, B.C. CANADA

Facility Location

SOUTHEAST QUEENSLAND AUSTRALIA

Greenhouse Size

4.3 M FT2/40 HA

Projected Capacity

537,500 KG/ANNUM

Asterion will be developing the largest and most sophisticated state-of-the-art medicinal cannabis cultivation, research and manufacturing facility in the developed world. The 75 hectare site will consist of ~40 hectares of greenhouse cultivation, a research center and onsite GMP manufacturing for the company’s end product. The facility will be powered by renewable energy.

The greenhouses will be built out in three phases: 1st Phase – 10 ha; 2nd Phase – 10 ha; and 3rd Phase – 20 ha with the facility’s expected outputs, upon completion, to exceed 500,000 kg per annum.

Operations

Operations will be developed under the guidance of one of Canada’s most experienced cannabis operations and start-up team, White Sheep Corp.

White Sheep has extensive performance history operating, building and licensing for cultivation and sales under the strict ACMPR (Access to Cannabis for Medical Purposes Regulations) and MMPR (Marihuana for Medical Purposes Regulations) government regulations in Canada. They led the SOP/QA process for four cultivation and three sales licensees and have since taken three companies public.

The company also designed, built and led the operations of what was at the time, the world’s largest federally legal cannabis production facility in suburban Toronto. Notably, White Sheep managed the first legal international transfer (import) of cannabis genetics and also successfully undertook the first cannabis exports out of Canada.

Utilizing Renewable Energy

Asterion is committed to the use of 100% renewable energy and to reducing its’ carbon footprint at every opportunity. Advantages to the purpose building includes design and engineering efforts to mitigate environmental impact, such as an efficient use of space and non-toxic processing. Providing a minimized carbon footprint and sustainable, environmentally friendly operations while delivering higher profit margins and quality.

Government Support

The Queensland Premier and Cabinet is engaged with Asterion and is excited by the economic benefits the project will bring to Queensland.

These benefits will include substantial job growth opportunities in the form of up to 1500+ full and part time jobs. Additionally, the project will bring advances in science and research which will in time attract further investment to the state.

February 6, 2019

Asterion Files an Application for Medicinal Cannabis Licenses From the Australian Office of Drug Control

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February 4, 2019

Asterion Signs Heads of Agreement for the Acquisition and Preparation for Use of up to 90 Hectares of Land for its [...]

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January 24, 2019

Asterion Announces $5 Million Private Placement

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