BOD Australia Announces The Expansion Of Its Medical Cannabis Product Suite


BOD Australia Limited (ASX: BDA) announced its new cannabis extract import boosting development of its cannabis product suite. The extracts will be available via SAS Category B– marking the extension of Bod’s medicinal cannabis product suite.

The new extract contains THC and CBD which will be supplied to a Lambert Initiative, a sponsored clinical trial relating to Tourette Syndrome. Partnership with the Lambert Initiative provides considerable validation of the quality of MediCabilis cannabis extracts.

Lambert Initiative is Australia’s preeminent medicinal cannabis research group established in 2015 following a $33.7m donation from Barry and Joy Lambert to the University of Sydney, focused on researching, developing, and optimizing therapeutic uses of medicinal cannabis along with high safety measures. The initiative is actively advancing cannabis-based treatments into mainstream medicine. Supplying a high-profile organization provides important validation of Bod’s cannabis extracts and is a testament to the Company’s work in the cannabis sector. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

The new product marks the fourth cannabis extract Bod has imported into Australia. It will commence importing this additional line extension under its medicinal cannabis import license. The company will make the new extract available to eligible patients and approved prescribers through Special Access Scheme Category B in the coming weeks. It is also investigating other ways it can test the effect of this new cannabis extract on other conditions.

Sale of new extracts to generate revenues in the domestic market – Bod also pursuing commercial opportunities including product development and licensing.

BOD recently announced its half-yearly reports. Its revenues from ordinary activities have increased by 48.3% to $1,075,609 as compared to the previous period. The revenue in the period included a net R&D tax rebate (grant) of $453,170. The improvement in sales volume is attributed to the product suite expansion and new distribution agreements with strategic partners such as MamaCare pregnancy supplement with Priceline Pharmacy.

It reported a net loss of $2,786,152, up by 108.9% from the previous period. Due to negative earnings, the company decided not to declare any dividend.

The company gives credit of its growth to its newly appointed Chairman, Mr. George Livery and Executive Director, Mr. Stephen Thompson. It further focuses on leveraging its relationships with its key partners such as Linnea SA to assist them exporting its sublingual cannabis wafer product to European countries including Belgium, Switzerland and the United Kingdom. Additionally, BOD partnered with Chemist Warehouse Group to distribute pharmaceutical grade cannabis extract in the oil form.

BOD Australia Limited is an ASX listed developer, marketer, and distributor of skin and health care natural products. It boasts its expertise in heath treatment with plant-based extracts especially cannabis and hemp. It is in-line in building capability in European markets.

On stock information front, BOD Australia’s share last traded at $0.46 down -7.071% during day’s trade (ASX: 2:13 PM) with the market capitalization of ~$34.35 Mn. It reported a loss per share at 0.072 AUD. Its 52 weeks high has been noted at $0.715, and 52 weeks low at $0.33. Its absolute return for 3 months and 1 year is -6.6%, and 1.02% respectively.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report