MMJ Phytotech’s role in the changing medical cannabis industry

Published at Mar 30, 2016, in ASX Biotechs

Legalisation and acceptance of medical cannabis as a cure or therapy for certain clinical ailments is gaining global traction.

As cities across the globe act to industrialise medical cannabis, several companies have begun to position themselves as first movers in product development and distribution.

MMJ Phytotech (ASX:MMJ) is one such company establishing itself in this space.

MMJ is developing quickly and has identified key priorities moving forward, one is to leverage its offshore operations in Australia by importing CBD capsules from Switzerland which are similar to those currently selling in Europe.

MMJ Managing Director Andreas Gideon told Market Eye is bullish about the Company’s Australian prospects.

“If our application is approved, this will mean that our CBD capsules will be available to Australian consumers within weeks of approval.”

In the meantime, MMJ is investigating potential partnerships with farmers, horticulturalists and Australian growing facilities in which complementary assets could create mutual benefits and an early foothold in the Australian market.

Gideon went on to tell Market Eye that “beyond growing partners, we are also exploring relationships with pharmaceutical processors, compounding pharmacies with established distribution channels and patient advocacy groups in order to enter the Australian market with maximum momentum.”

Offshore, MMJ recently received encouraging news with regard to the progression of the application for the licensing of its Lucky Lake facility in Saskatchewan.

The license approval process has now progressed to its next stage.

MMJ’s wholly owned Canadian subsidiary, United Greeneries owns the parcel of land on which Lucky Lake stands and it will be used to accommodate large greenhouse structures, which would be instrumental for the extraction of high-grade cannabis.

Lucky Lake can boost MMJ’s production capacity of dried cannabis flowers by up to 12,000kg per annum.

Once licensed, Lucky Lake will be integrated with the Duncan facility to expand its production by more than 1000%.

The Lucky Lake move comes shortly after the Canadian Federal Court passed legislation, known as the Allard Ruling, to amend or replace the current Marijuana for Medical Purposes Regulations (MMPR), which limits medical cannabis access and prohibits personal cultivation for patients with a prescription.

This ruling and the impending integration of facilities could position MMJ as one of the largest licensed producers in Canada.

The Lucky Lake application is at advanced stage and MMJ is now awaiting the examination of the proposed health, safety and security measures.

As a vertically integrated operator, MMJ believes it has first mover advantage in the industry with the ability to produce pharmaceutical-grade products that medical professionals can prescribe.

MMJ’s farm-to-pharma strategy allows it to protect its IP, whilst influencing each link in the value chain, including capturing the pharmaceutical grade product market.

MMJ is currently conducting clinical trials on several potential products.

Dr Daphna Heffetz, CEO of Phytotech Ltd told Market Eye, “we have successfully completed Phase 1 clinical trials for both the PNL THC:CBD as well as the CBD 10mg and 100mg GelPell capsules, which returned superior results to peer products and paves the way to conduct Phase 2 studies for various clinical indications.”

Phase two trials will began in the second half of 2016, with Phase 3 studies beginning in the back half of 2017. Once completed the products tested should have the necessary approvals to be prescribed by doctors.

Looking forward, MMJ will continue its Phase 2 trials with a focus on spasticity, pain and MS and the Company will also begin importation of its existing Satipharm products into Australia.

The Company will also be bringing its Duncan Facility online.

Finally, MMJ’s Canadian operations will pave the way for the manufacture and sale of product into Australia.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!