The BBS Timeline
Since the successful attainment of their license, BBS Pharmaceuticals has achieved major milestones and growth with some standouts.
AppointmentsThe Company has appointed a CEO, a CFO and Construction Project Manager, as well as a board of advisors to guide them in the set-up of their operations, as well as ensure that BBS is working with global partners ensuring that their targets are met and exceeded.
LandThe Company has secured the land for the current production requirements as well as the adjoining land for expansions.
Offtake AgreementsBBS is has signed a raw material offtake agreement with a global manufacturer of Medical Cannabis products from Canada with manufacturing facilities in Australia.
MOU'sHas a signed a Memorandum of Understanding with Cyberjaya Medical and Science University of Malaysia and a private investor, to introduce Medicinal Cannabis to Malaysia as part of a consortium with BBS being the key supplier. Is presenting to various Pharmaceutical groups in Europe of July and August as part of the strategy of setting up longer term offtake agreements and finding collaborating partners.
The 5 year target for BBS is to be “The leading” medicinal Cannabis cultivator and manufacturer in Australia, to have strong market connections at a global level, as well as influence the Australian and South east Asian market as leader in this industry.
The BBS board with the guidance and leadership of their CEO, have developed a sound business growth strategy under an operational framework. Currently the team is working on the final phase of the planning and development of the facility with Local, State and Federal Government oversee. Under the guidance of their newly appointed CEO and their strategic advisors, the board has developed a business ready, operational framework and a robust business plan which includes capital costs, operation expenditure as well as operational revenue forecasting.