Teals’ top donor Rob Keldoulis buys Tassie cannabis farm

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Sharemarket trader Rob Keldoulis has added a Tasmanian cannabis farm to his resume alongside being the biggest individual donor to the Teal movement.

He could not be reached for comment on the investment.

Mr Keldoulis initially made his money with international trading giant Optiver, where he was the Australian managing director, before starting Vivienne Court Trading in 2010.The company, which prefers handshake agreements to employment contracts and has a no-yelling rule in its office, donates all its profits to charity.Medicinal cannabis, legalised in Australia in 2016 and heavily regulated, is used to treat medical conditions including chronic pain and the side-effects of chemotherapy.

The Tasmanian farm on Green Rises Road in Cressy that Mr Keldoulis has bought was sold as a fully operational cannabis production enterprise by ECS, which has reported losses in the last two financial years.Situated 30km south of Launceston in the Northern Midlands Region of Tasmania, the marijuana farm is certified organic and is licensed to produce 2.5 tonnes of medicinal cannabis a year.

In the mainstream horticulture space, Mornington Peninsula wine producer Circe has emerged as the buyer of Accolade’s Stonier Wines,

 

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