Cannabis software firm GrowerIQ has been chosen as the sole cannabis company to join the Team Canada Mission to Australia this month, a trade initiative sponsored by Global Affairs Canada.
Running from February 16–21, the program will cover key markets in Sydney and Brisbane, including the UIC 2025 Australian Medicinal Cannabis Symposium, where GrowerIQ plans to demonstrate its AI-driven technology built to support GMP-compliant operations.
Founder and CEO Andrew Wilson said: "This opportunity underscores our commitment to innovation and collaboration in the global cannabis industry.
"We look forward to building stronger ties with Australian cannabis businesses and helping them achieve new levels of traceability, compliance, and operational excellence."
Neurotech International
Neurotech has received a A$2.44 million research and development (R&D) tax incentive refund relating to eligible activities in FY24.
Executive Director Dr Thomas Duthy said the R&D payment "strengthens our cash position as we move rapidly to complete our required animal toxicology and human pharmacokinetic study to enable the company to prepare for regulatory submissions with the Australian Therapeutic Goods Administration and US Food and Drug Administration in FY25".
The company reported cash and cash equivalents of $6m as at December 31, 2024.
Medical Kiwi
Cannabis operators who had hoped to acquire assets from troubled New Zealand company Medical Kiwi were left empty-handed after online auction listings were pulled down without warning.
Medical Kiwi, also known as Aether Pacific Pharmaceuticals, entered voluntary administration late last year following mounting financial difficulties and now faces liquidation carrying debts of nearly NZ$9 million.
The Press reports that the contents of its Christchurch indoor growing facility were listed for sale across two auction platforms, with buyers required to organise their own collection.
Yet despite certain bids having cleared the reserve price, according to The Press, the multi-day listings were taken offline just hours before their scheduled close, with all items ultimately sold to a single offline buyer.
