PUF Ventures Australia (PUFA) announced last week it was changing its name to Solaris Nutraceuticals Pty. Ltd.
“The new name reflects our focus on distinct innovations to provide medicinal cannabis grown under the Northern Rivers sun in our proposed 1.2 million square foot Ultra-Clima glass house,” said President and CEO Michael Horsfall.
The PUF Ventures Australia, err.. Solaris Nutraceuticals Northern Rivers project, is an ambitious plan that would see the town of Casino in New South Wales becoming the site of a huge medicinal cannabis greenhouse operation that will bring much needed jobs and investment to the area. Richmond Valley Council has welcomed the proposal, saying such a facility could be a “game-changer” for the region.
The official reason aside, the name change is probably a good move. While cannabis companies in the USA can get by with edgy names, things are a little more subdued in Australia. If you look at most major medical cannabis companies operating in the country, there’s none that use a name that could be perceived as having a link to smoking cannabis, but quite a few taking more of a pharmacological angle .
In other recent news from the company, Solaris Pharmaceuticals announced its applications for cultivation and production of medicinal cannabis licenses at the proposed Northern Rivers Project had been accepted by the Office of Drug Control (ODC) and have progressed to the assessment phase.
Earlier this month, the company announced the filing of license applications with the ODC in connection to a collaborative venture between it and the National Institute of Complementary Medicine (NICM), also related to Northern Rivers..
In related news, Northern Rivers Project partner MYM Nutraceuticals has reportedly retained Peter Cummings and Casey Houwelings. The pair will contribute to the design and construction of the huge greenhouse, which will eventually be 1.2 million square feet (approximately 111,483 square metres).
“They have the prospect to take a unique plan to building one of the leading medical cannabis cultivating complexes in world, and Peter and Casey will lead with the latest design of greenhouse,” said Mr. Horsfall, who also stated the facility will boast one of the most environmentally sustainable and efficient designs on the planet.