Sign up Australia
Proactive Investors - Run By Investors For Investors

Queensland Bauxite gets results from winter cannabis crop

Potential market updates are expected regarding production, marketing and distribution agreements
Cannabis plants
Shares have doubled in 2017 to $0.011

Queensland Bauxite Ltd (ASX:QBL), through its subsidiary Medical Cannabis Limited (MCL) has received a successful update regarding its winter cannabis crops.

This follows on from the early-July update that confirmed successful germination and growth rates of its pioneering winter cannabis crop.

There have been very few serious winter trials in Australia and information as to the success of these trials is scarce and uninformative.

MCL began a winter growth of cannabis so as to be ready for production as soon as hemp food becomes legal in Australia at the end of this year.

READ: Queensland Bauxite aims for early mining at South Johnstone project

Positioning itself to be the dominant producer

The company is actively negotiating production, marketing and distribution agreements and market updates can be expected once these are finalised.

MCL is well positioned to be the dominant producer of Australian-grown and produced hemp food products.

Medical cannabis research program

The company is also significantly progressing its medical cannabis research and development programme.

It has been assessing various world class strategic relationships to ensure maximum value and productivity from its cutting edge work plan.

The work plan includes:

- Research into the unique cultivars and seed bank that the company owns to maximise its market value; and
- utilising cutting edge technology and research to create legal, consistent and approved medical cannabis products in the relative short term.

Join our Crypto, Blockchain and Cannabis Telegram group here
View full QBL profile View Profile

Queensland Bauxite Ltd Timeline

Related Articles

Cobalt sample on the periodic table
May 23 2018
One of Australia’s few potential cobalt producers from sulphide-based deposits, where cobalt production is underpinned by copper and gold.
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on
Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative m
March 20 2018
Maxtech offers a unique opportunity to gain direct exposure to manganese

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use