AusCann was incorporated in September 2014, founded by former politicianMal Washer with businessmen Troy Langman and Harry Karelis.[2]
In May 2015, AusCann announced that they were planning to growcannabis sativa onNorfolk Island. The two-hectare site would provide up to ten tonnes of product, with plans to export toCanada.[3] AusCann was the first company in Australia to be granted a license to grow and export medicinal cannabis.[4] AusCann also explored the possibility of growing cannabis onChristmas Island.[5] However, by late 2016, those plans were abandoned.[6]
In September 2024, AusCann was delisted from the Australian Securities Exchange for failing to pay listing fees.[11]
In April 2025, AusCann signed a deal with Argent Biopharma to accelerate cannabinoid pharmaceutical development.[12][13] The agreement reduces competition between the two firms and enables the sharing of technology.[14][15]
