Overview

Corporate Office

VANCOUVER, B.C. CANADA

Facility Location

SOUTHEAST QUEENSLAND AUSTRALIA

Facility Size

51 HECTARES/125 ACRES

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 reducing its’ carbon footprint at every opportunity. Advantages to the purpose building include design and engineering efforts to mitigate environmental impacts, such as 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 Australian federal government has granted Asterion Major Project Status which was announced in a Federal Press Release and has been listed on the governments Department of Industry, Innovation and Science business website and page for Current Major Projects.

The Queensland Premier and Cabinet are engaged with Asterion and have expressed excitement by the economic benefits the project may 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.

November 12, 2019

Asterion Lodges Operational Works Permit Application for Development at its Medicinal Cannabis Propagation and Pro [...]

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November 6, 2019

Asterion Receives Development Approval Permit for its Medicinal Cannabis Propagation and Processing Facility

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August 26, 2019

Asterion Announces Appointment of Mr. Peter Ryan as Director of Development (Australia)

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