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Company News
Queensland Bauxite continues diversification mission via Israeli medicinal cannabis developer Pharmocann
Queensland Bauxite (ASX: QBL) has announced a “materially strategic transaction” through its subsidiary Medcan Australia, a company it will soon fully acquire as part of a deal struck earlier this year. Earlier today, Medcan Australia said it had entered into a memorandum of understanding (MoU) with prominent Israeli medicinal cannabis company Pharmocann, considered one of […]
Queensland Bauxite receives key medical cannabis import-export licences from Office of Drug Control
The gradual shift from bauxite mining into medical cannabis production is moving full steam ahead for Queensland Bauxite (ASX: QBL). After market close yesterday, the company said its acquisition target Medcan had been awarded highly anticipated import and export licences from Australia’s Office of Drug Control (ODC). The two licences mean that Medcan is now […]
Queensland Bauxite consolidates position in medical cannabis with double acquisition spree
After several months of tiptoeing in and around the medical cannabis market (and almost two months spent in a trading halt), Queensland Bauxite (ASX: QBL) has plunged in two feet first by carrying out a “transformational” company acquisition of a cannabis company. The resources company has been broadening its horizons for over 6 months, flirting […]
Queensland Bauxite gains access to medical cannabis import license with latest milestone
Flying high on two commercial developments earlier in the week, Queensland Bauxite (ASX: QBL) has revealed that its subsidiary, Medical Cannabis Limited (MCL) has entered into a binding memorandum of understanding with Burleigh Heads Cannabis (BHC). The value in the deal is based on BHC’s medical cannabis import license approved by the Office of Drug […]
Queensland Bauxite continues flurry of hemp developments, now on Coles shelves
Following up yesterday’s news regarding Queensland Bauxite’s (ASX: QBL) subsidiary Medical Cannabis Limited (MCL) releasing Australia’s first hemp seed oil soft-gel capsules, Queensland Bauxite has announced that Red Tractor has supplied “hundreds of Coles stores around Australia” with various products and oil blends that have hemp ingredients. The news is an important milestone because Red […]
Hemp seed oil capsules could pay dividends for Queensland Bauxite
Bauxite explorer and eventual miner Queensland Bauxite (ASX: QBL) is diversifying its commercial portfolio by making progress not with the drill-bit, but, rather, the stroke of a pen. The resources company has signed a range of commercial deals in the medical cannabis space in recent months in order to gain exposure to revenues from one […]
Queensland Bauxite dives into ‘world first’ research to treat multiple sclerosis with medicinal cannabis
Queensland Bauxite (ASX: QBL) has dived into the autoimmune disease field after its subsidiary Medical Cannabis inked an agreement to provide funding for research on treating, and potentially curing, multiple sclerosis and other autoimmune diseases with medicinal cannabis. The agreement was made with Research and Development Foundation at the Technion-Israel Institute of Technology. Under the […]
Queensland Bauxite and Algae.Tec team up create cannabinoid products for animals
Queensland Bauxite (ASX: QBL) and Algae.Tec (ASX: AEB) have teamed up to develop cannabinoid-based products for the animal market in what Queensland Bauxite labels as a “ground breaking” agreement. Under the proposition, Queensland Bauxite’s 55%-owned subsidiary Medical Cannabis will provide its low THC Delta 9 cannabis cultivars to Algae and assist Algae in establishing a […]
Queensland Bauxite’s subsidiary signs deal for cannabis-based pain relief pill
Queensland Bauxite’s (ASX: QBL) 55%-owned subsidiary Medical Cannabis has inked a contract to establish a joint venture with a group of United States chemists who’ve put together a cannabis-based pain relief pill, in what Queensland Bauxite dubs a “world first” for the medical cannabis sector. Medical Cannabis signed the letter of intent with the Israeli-recommended […]
Queensland Bauxite kicks off mass hemp food production and farming, ready to hit market in January
Queensland Bauxite’s (ASX: QBL) subsidiary Medical Cannabis has kicked-off mass hemp food production and farming for its Vitahemp product suite which is scheduled to hit the market next month. About 60 tonnes of hemp seed has been stockpiled in storage ready for incorporation into Medical Cannabis’ Vitahemp product suite. The initial sample range was introduced […]
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