Cann Global Ltd (CGB)

[Alexulf]

Queensland Bauxite has grown from strength to strength within a week. Having launched Australia’s first grown and processed hemp seed oil soft-gel capsules, the company added to its momentum by arranging a deal to supply hundreds of Coles stores around Australia with various products and oil blends that have hemp ingredients.


If that wasn’t enough, the resources company that’s branching out in medical cannabis then entered into a binding memorandum of understanding with Burleigh Heads Cannabis to provide import and storage services for QBL’s subsidiary (Medical Cannabis Limited) with international medical cannabis products.


This deal provides QBL’s 55%-owned subsidiary with immediate access to the required Australian licenses and secured storage facilities that are required to import its Canntab medical cannabis pharmaceutical extended release pills from Canada.