WA-based Cannaponics Limited has raised A$1.5 million in seed capital from investors to secure a licence to operate a medical cannabis company and develop construction-ready building plans for a cultivation and manufacturing facility that will be based on 160 acres of land in Collie, a regional town located south-east of Perth.

This is the first stage of a project that is estimated to cover seven hectares of land and cost around $300 million.

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