Cannatrek secures debt funding for Victorian cannabis venture

Australia’s Cannatrek says it will be able to accelerate construction of its medical cannabis facility near Shepparton in Victoria after securing debt funding.

Cannatrek secured planning permission for the facility in 2019 and the following year the project was awarded Major Project Status from the Federal Government. Construction was to kick off in 2020, but then COVID happened.  It wasn’t until around March this year construction was finally able to commence.

Then in April, Victoria’s State Government announced funding for the facility from its Regional Jobs Fund.