Toowoomba company Medibis is hoping to raise A$3m through crowdfunding to launch a range of cannabinoid-based pharmaceutical products imported from Israel.

The move is the first stage in a $180m plan involving the construction of a 11-hectare site in Queensland’s Charlton-Wellcamp corridor.

Managing director Angus Chapel told The Chronicle investors would be “getting shares in a local company… a Toowoomba company that is part of a new industry and is really growing.”