Queensland Bauxite announces release of cannabis capsules | Finance News Network

Queensland Bauxite announces release of cannabis capsules

Company News

by Rachael Jones

The Board of Queensland Bauxite (ASX:QBL) has reported that medical cannabis limited is releasing the first of its kind to the Australian market – Australian grown and processed Hemp Seed Oil soft-gel capsules.

The release will be through their subsidiary VitaHemp.

Omega 3-6-9 oils are often consumed via animal based oils or fish oils, including intensively farmed by-products from fish aquaculture. However, many people are now seeking plant-based alternatives such as Hemp Seed Oil

The Australian grown hemp seeds contain no chemical residues, no mercury and no odours which are common causes of complaint about fish oil capsules.

Queensland Bauxite Limited has a 55 per cent shareholding in Medical Cannabis, an Australian leader in the hemp and Cannabis industries.

Shares in Queensland Bauxite (ASX:QBL) up 12.2% to 5c.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.