CANNABIS COMPANY SHARE PRICE SURGE AFTER PRODUCT LAUNCH ANNOUNCED

ONE of the ASX's biggest cannabis players, Queensland Bauxite (ASX: QBL), has announced that it will release its flagship hemp foods brand to the market early next month.

The announcement was made on Monday that QBL's subsidiary Medical Cannabis Limited (MCL) will launch its VitaHemp product range on 3 December at Melbourne's Health and Innovation Expo.

Following its ASX release, QBL shares surged 15 per cent during early trade to hit a one-year high of $0.074.

VitaHemp team member Peter Edwards says the company's flagship product is a live and fertile Australian grown hemp seed that is rich in nutrients.

"To those who may not be aware, hemp seed foods are very much a family food," says Edwards.

"Personally I am very excited to be introducing a new food to so many families who are now discovering the value of hulled hemp seeds.

"Australian grown hemp seeds are not cultivated from the psychoactive component of cannabis. Cannabis known as hemp contains only trace amounts of THC and are safe to be consumed by the entire family." Read more

David Simmons and Paris Faint - Business News Australia - 26 Nov 2017