Member for Northern Tablelands Adam Marshall, left, inspecting the growing sheds at ABC Can Pty Ltd Armidale with General Manager Daniel Grono, Cultivation Leader Tuan Vu Tran and Founder and CEO Matthew Cantelo.
Wednesday, 3 August 2022
NORTHERN Tablelands MP Adam Marshall has joined staff at Australian Natural Therapeutic Group’s (ANTG) ABC Can site in Armidale to announce a $600,000 State Government grant to assist in expanding its manufacturing activities and create 30 new local jobs.
Funds have been provided through the NSW Regional Job Creation Fund.
Mr Marshall said the grant would help ABC Can Pty Ltd expand production and create the new full-time jobs at the Armidale facility.
“ABC Can is a highly innovative business, cultivating, manufacturing and distributing high quality cannabis-derived medicinal products available across Australia and exported,” Mr Marshall said.
“The company needs to expand operations to meet the expanding demand for cannabis-derived medicinal products.
“This project to expand production and remodel the existing facility is expected to cost $1.76 million, with the $600,000 government grant included in that amount.
“I’m impressed with the plans to expand the Good Manufacturing Practices (GMP) in the Armidale facility and look forward to returning once they are complete.
“This is another example of an innovative local manufacturing business success story and I’m thrilled this business will continue to grow and expand.”
With the national and international markets for medical products derived from cannabis quickly increasing, there is a ready market with strong growth potential.
Chief Operating Officer, of ABC Can and its parent company Australian Natural Therapeutics Group (ANTG), James Gaskell, welcomed the funding support.
“The growing demand for medical cannabis products offers significant potential for the NSW and Australian economies to capitalise upon by supporting domestically produced products,” Mr Gaskell said.
“The expected economic benefits could be measured by revenue growth and impact on national GDP.
“ANTG’s expansion project supports the 20-Year Economic Vision for Regional NSW’s core objectives, contributing to growth of regional advanced manufacturing capabilities, driving high productivity and making the Armidale region an appealing alternative to city living.
“Advanced Manufacturing has been identified as a key emerging opportunity for growth in regional NSW, with job creation and affordable energy identified as key drivers of growth.
“This project supports both of these drivers.”