Coles to stock hemp products

Company News

by Rachael Jones

The Board of Queensland Bauxite Limited (ASX:QBL) as announced that Red Tractor have now supplied hundreds of Coles stores around Australia with various products and oil blends that have hemp ingredients included.

The products are exclusively supplied by QBL’s subsidiary Medical cannabis Limited (MCL) and its hemp seed food subsidiary VitaHemp Pty Ltd (Vitahemp).

Exposing Hemp Foods to a mass consumer market who may know little about Hemp, provides a win for a bourgeoning Hemp Foods industry.

VitaHemp is one of the very few Australian companies that have access to hemp seed on a large commercial scale, and is able to commercially bulk produce its oils and flour at a high quality.

The technical Director of MCL says it comes after two decades of pushing towards the legalisation of hemp foods in Australia.

Shares in Queensland Bauxite Limited (ASX:QBL) up 16.28% 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.