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.”

Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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