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They have a license to cultivate at the Markham facility. They are waiting on Health Canada to approve their license to sell at Markham. RavenQuest has had their paperwork in for months for the Markham facility. They need licenses to cultivate at Edmonton and Vancouver. Once they receive their license to cultivate at those two facilities, and if they have a license to sell at Markham they can ship product from the other two facilities and sell through Markham. That was a question I specifically asked Matthieu and that was his answer to me. He also said that they were very close to receiving their license to sell at Markham. I too, was upset about RQ not having their license to sell for the big event ( 10/17 ) since that is suppose to be their expertise and I was told that “ that is the Goverment for you”. I will say that there are over 100 companies in the same situation and it seems apparent that Health Canadian was not prepared properly for what they should have known could be an overwhelming situation. The old adage, “ Failing to plan, means you are planning to fail” certainly applies here.
I am certain that the public is not very happy either since they ran out of inventory after two days, which by the way, opens the door wide for illegal selling of cannabis. One major reason for legalization of cannabis was to stop the illegal trade. So, not only is the public angry, but certainly other goverment officals, and they may also start exerting pressure to get it done. Do a bunch of Socialist get paid overtime? I think not, yet another reason why Socialism doesn’t work, great benefits but wait in line forever to receive those benefits. So, let’s realize that the fault doesn’t lay with greater portion with RQ, but mostly with Health Canada. Also, If product was sold out after only two days why were not the large producers able to supply adequate product, probably because they are facing the same obstacles as RQ. It is all relevant.
Report: Global Cannabis Industry Could Soon Reach $194 Billion
Published By Anthony Johnson on November 2, 2018
Report: Global Cannabis Industry Could Soon Reach $194 Billion
When the International Cannabis Business Conference held its first event just over four years ago, not many were thinking about the global marijuana market. At that time, only two U.S. states had implemented legalization and Uruguay was still working out the details of its regulatory structure. An international event seemed a bit ahead of it’s time to a lot of industry observers.
Today, a lot of the world has caught up to the ICBC in realizing that there is indeed a global cannabis industry, a business sector that will only continue growing over the coming years. According to a new report from the Bank of Montreal, the global cannabis industry could be getting close to a nearly $200 billion market within the next decade, as the Financial Post reported:
The potential of the global cannabis industry is so vast that it could eventually make the sky-high valuations of some Canadian licensed producers look like bargains, according to a new report from Bank of Montreal.
In the report, the bank’s cannabis sector analysts, Tamy Chen and Peter Sklar, sought to determine just how big the total addressable market Canadian producers will be competing for in the coming years, one that doesn’t stop at Canada’s borders.
Assuming a blue-sky scenario in which the U.S. and all 28 countries in the EU legalize marijuana for both recreational and medical use — and in which Latin America allows the medical use of cannabis — they project that in seven years the market could reach $194 billion, a number that significantly dwarfs the $5.9 billion in potential revenue they anticipate will be generated by the Canadian medical and recreational markets.
In four years, we may look back at the fact that only two nations (Uruguay and Canada) had legalized cannabis as a rather quaint time for the industry. With the UK starting a medical cannabis program this month and Mexico’s Supreme Court issuing a favorable ruling against prohibition, it is practical to expect that we’ll see more positive international news in the near future and beyond. Canadian companies are already effectively taking advantage of emerging international markets. Will the rest of the world catch up?
Learn the latest about the cannabis industry and network with top investors, entrepreneurs, and advocates from around the world at the upcoming International Cannabis Business Conference in San Francisco, California, on February 7-8, 2019. Early-bird pricing ends on January 18th. After San Francisco, the ICBC will be traveling across the pond to Barcelona for a special event with Spannabis on March 14th and returning to Berlin from March 31st to April 2nd.”
The first weeks have felt more like a soft opening with few retail outlets operating and rampant supply shortages. It’s not because Canada can’t produce enough cannabis products — licensing those producers has been slow, and the federal government is taking steps to speed up the process.i
Many sources Stating samething about shortages.
Long lines and swamped websites greeted the first day of marijuana sales," reported USAToday, also stating, "Days after recreational marijuana became legal in Canada, our neighbors to the north may already be running out."
Economist Rosalie Wyonch of the C.D. Howe Institute stated:
"There is not currently enough legal supply of (MJ) to actually supply all the recreational demand in Canada."
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Better get with it Health Canada or you will open the door wide for illegal selling.
"Canadian Retailer Says Cannabis Sales Outpacing Alcohol
Published By Anthony Johnson on October 24, 2018
Alcanna Inc., operators of over 225 retail operations selling wine, beer, and spirits in Canada and the United States, made big news that it was moving into the cannabis industry, announcing that it was opening 5 cannabis retailers, with a plan for 37 across Alberta. Following cannabis commerce going legal in Canada on October 17th, Alcanna’s NOVA cannabis stores have seen heavy demand, outpacing its alcohol sales. Aided by the fact that there are only 2 retail outlets open in Calgary and 15 total across Alberta, there have been long lines of people eager to purchase legal cannabis, as The GrowthOp reported after talking with Alcanna’s CEO James Burns:
Revenue from those pot sales — totaling $1.3 million from its five Nova Cannabis stores in the first five days of legalization — left its alcohol figures in the haze, said Burns.
The average dollar amount for each cannabis transaction is two to three times that seen in Alcanna’s Liquor Depot stores, he said.
And the difference in dollars generated per square foot of floor space is “stratospheric,” he added.
We’ll see whether Canadian cannabis sales cool off over time, but legal states in the U.S. have found sales outpacing projections, with record revenue numbers occurring years later. Alcohol sales have been hurt a bit by legal cannabis, medical or adult-use, motivating some wise alcohol companies to join the marijuana market. Over time, as cannabis moves more mainstream, we’ll likely see the industry grow, garnering a bigger and bigger market share from alcohol, as the stigma declines more and more consumers choose to make the safer choice.
Learn the latest about the cannabis industry and network with top investors and entrepreneurs from around the world at the International Cannabis Business Conference in San Francisco on February 7-8, 2019. Be sure to secure your early-bird tickets by January 18th to save!"
Chris Bechtel doesn’t have the gonads to be a director of a startup. Insider trading violations, or a planned sale? One or the other. In any case we don’t need that kind of activity. Straighten him out George.
RavenQuest has its license to cultivate. They are waiting for their approval for a license to sell. Everything has been submitted to Health Canada and they are just waiting for approval. A good sign for RavenQuest is that the only question from Health Canada after receiving all documentations from RavenQuest was a benign question pertaining to future plans of whether RavenQuests intents to open any retail outlets, which indicated to RavenQuest that all documentation from them was in order. Considering that after only two days of selling recreational usage cannabis supply is gone, I would believe that fact may add incentive to speed up approvals since the public is not very happy about that situation.
Canada is running out of marijuana two days after drug became legal
Government expected ‘a bit of a run on supply,’ MP says
Toyin Owoseje @toyinreports
2 days ago
12 comments
Click to follow
The Independent US
Canadians were so excited about getting their hands on some legal, recreational marijuana the country is reportedly experience a shortage.
Police were called to help shops struggling to handle long queues and with frustrated people unable to buy cannabis.
Bill Blair, a former Toronto police chief who has led the government's legalisation programme, told public broadcaster CBC the country was unable to supply enough to meet demand.
Read more
Will Britain become the next country to legalise cannabis?
Cannabis may be legal in Canada, but it's still not safe to buy online
Canada becomes largest economy to legalise marijuana
“We expected, you know, certain strains might run out and there would be a bit of a run on supply,” he said.
“But, you know, they've got a pretty good infrastructure in place and I'm confident it will work."
On Wednesday Canada became the first industrialised nation and only the second country in the world, after Uruguay, to legalise recreational cannabis as part of a controversial experiment in drug policy.
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Under the new law, citizens will be allowed to carry up to 30 grams of cannabis in public and each household will be able to grow up to four marijuana plants.
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Medical marijuana has been legal in Canada since 2001, and Justin Trudeau’s government has spent two years working to expand that to include recreational use.
According to Statistics Canada, 5.4 million Canadians will buy cannabis from legal dispensaries in 2018 – about 15 per cent of the population. Around 4.9 million already smoke.
Vancouver-based Lift, a marijuana media platform in Vancouver, estimates Canada’s cannabis industry has enough funding to boost production of the combustible herb to between 400,000 and 500,000 kilograms a year.
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Perhaps when they look at Health Canada and determine they are inefficient in approving licensing they will make some changes.
Great Post. The only thing I would add is that currently Bloomera is producing at 2000 grams annual rate because they don’t as of yet have their Orbital Gardens installed. I believe they have 6 grow cycles per year so perhaps they may only miss part of one cycle installing them, or perhaps they have a current surplus. Either way no big deal. Really good post, thanks.
Well, I called IR and they made sound as if stackable and automation was unique to them. Sent another email today.
If that is true then I am very pleased that they are not violating an existing patent. I called RavenQuest 2 weeks ago about Rotational Gardens and was told the difference was that RavenQuest units were stackable and automated. Would have admitted I was wrong if you would have provided a link, which you never did.
Thanks for the link.
I did try again, and again, and again
http://www.rotogro.com/rgwp/cases/420-2/
And finally got the info from the above link, not from any that were provided. Apparently the 420 model is stackable. Thanks anyway.
Roto Gro’s makes large drum shaped units, not stackable units so they have no sq.ft.advantage over RavenQuest.
Amfil technologies makes a pesticide alternative
https://www.advancedozoneintegration.com/enhancing/
Instead of just posting BS you should provide links which you obviously cannot do.
Not certain if they are being used in commerial applications where they are stacked and completely automated which is what makes RavenQuest unique. It seems that RavenQuest is the only one using it to save on sq footage and the other competitors are needlessly building large facilities to increase production that is exactly why RavenQuest states that grams per sq ft. will lower electricity costs and feeding cost and less human intervention. I haven't heard of anyone else making those claims. If you have please provide a link.
Read a very good article about VIvo and it contained this quote:
“Just a few weeks ago, I told you that the key to investing in marijuana stocks in the near-term is to focus on two things:
1) Licensed Producers with strong underlying fundamentals playing catch up in terms of valuation
2) Retail and brand-focused companies, likely to be the target of M&A”
I believe that is very good advice. RavenQuest certainly fits with #1, and as far as #2 is concerned RavenQuest will just start advertising their brands next week. Furthermore, I would like to add two other very important, and so far, exclusive categories that fits RavenQuest only in Canadian companies:
3) and IMO the most Important for Canadian companies, price per gram will be unmatched because of RavenQuest’s “Orbital Gardens” technologies. Very important for indoor growers in colder climates.
4) 1/5th of the Canadian market will be set aside for indigenous peoples, as of now RavenQuest has the inside tract. While other Canadian companies fight for market share RavenQuest may be in cruise control with that significant advantage, not only for market share, but also the taxation benefits that it entails. On top of that when you consider cost per gram you have to consider the wisdom of RavenQuest management in positioning their company for success which puts them in #5th) category all to themselves. AJMO and worth what you paid for it
“
RavenQuest Engages Link Media LLC to Provide Market Awareness to the USA Market
Press Release | 10/05/2018
About time. Volume is about 1/10th that of the Canadian Market
I wasn't able to paste enough of the proceeding article, so here is the link:
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/canopy-growth-stock-facing-uphill-184641905.html
Very interesting article, worth the read
Big isn't always better. Lol
Another example:
A Major Headwind for Canopy Growth stock
I don’t think there’s any doubt that Canopy Growth stock is facing an uphill battle at this point, since Constellation is buying or has the right to buy 193 million CGC shares at an average price of C$49.42 per share or U.S. $38.55.
Canopy Growth stock is trading around $46.70 per share this afternoon,
Cost Per Gram will be the key. How many Cannabis Companies will survive the initial interest and eventual decline. I know one that will. Survival of the smartest. Some will not last a month past opening day creating a huge market for the rest.
https://www.cnbc.com/video/2018/09/19/cannabis-marjiuana-pot-stocks-investing.html
The bigger they are the harder they will fall. Remember, Cannabis infused food and drinks will not happen until a year from now. How will some of these companies support their very expensive S/P for another year. Expect very much Shorting in these companies while they await justified revenues. It ain't going to happen. RavenQuest has taken the smart approach, they will survive. AJMO and worth what you paid for it.
Once they start fulfilling their orders to BCLB the S/P will rise, stabilize, and await news of new planned sales. They need to show they can execute on their plans. So far, I think they have done great job financing their building projects, getting ready for 10/17, not burdening themselves too much in debt, presenting their smart plan of actions. Now we need to see some payoffs.
I believe Aurora has placed too much of a burden on their investors by increasing their outstanding share count to over 1 billion shares. They may have a problem moving their expensive growing capacity.
RavenQuest BioMed
@RQBGlobal
·
15h
RQB’s flagship consumer brands look beautiful! Looking forward to introducing these to Canada - and the world - next week when our BNN ad spots air 3x per day beginning October 10!
#acmpr #cannabis #cannabisact #marijuana #MarijuanaStocks #marijuananews #PotStocks $rqb.c $rvvqf
Over 80 cents U.S. this morning on 35K volume. I believe the short count will drop significantly, if it hasn't already.
Quite a few last month also. Since the price has risen significantly since then they may have to cover. Especially if the uptrend continues
08/31/2018 20,523 3,057.38 214,351 1
07/31/2018 19,313 813.58 218,718 1
Should see a bunch of slimeballs showing up on the message boards touting their sleazy agendas and disinformation.
They think they know something. Guess we’ll find out what it is soon, or maybe not.
I believe some warrants are executable at .70 so they would want the price to not rise much past that. That is why most of the transactions executed at the bid but yet the price didn't fall as it normally would under that circumstance. Retail jumping in kind of messes the situation up for them. We shall see.
37.9 K sold shares @ the ask and 76K @ the bid means this rise occurred mainly on the sell side, so I believe they must have converted more warrants. Looks like outstanding shares has increased to 111M shares which I believe is the maximum allowed, unless they have a vote to increase @ the 10/17/2018 shareholder meeting although I didn’t notice it on the agenda.
My guess is we are being pumped by one of those " become cannabis millionaire " type promotions.
Any news today stating reason for 16% gain today?
If you really think about it this situation is very beneficial to RavenQuest.
1) They did not borrow heavily to have very large buildings built.
2) They are not going to have a large quantity of cannabis that they may not be able to unload.
3) RavenQuest had the cash on hand to complete their projects.
4) RavenQuest has an outstanding share count that is very manageable, not 1 billion like some of there competitors.
5) RavenQuest smartly obtained cash that was enough to get them in the game and then will enable them to operate on revenues.
6) Many of these larger operations could very well go bankrupt if this roll out is botched, but not RavenQuest,
7) RavenQuest has enabled itself to produce cannabis very efficiently and economically which not one of their competitors has even attempted.
8) “Survival of the fittest” is the name of the game.
Ref:
VANCOUVER — On the morning of Oct. 17, British Columbians shouldn’t expect to wake up and see marijuana stores opening their doors.
At least that’s the message from the province’s minister of public safety and solicitor general, Mike Farnworth.
In a news release issued Sunday, Farnworth said the government’s first and only BC Cannabis Store will open in Kamloops and more retail locations are “anticipated” in the following months, with over 100 paid applications in various stages of entry.
...........The government is also hoping to launch an online sales platform to ensure British Columbians can purchase non medical cannabis regardless of where they live, he said.
—————————-
Bunch of hosers, eh
https://business.financialpost.com/cannabis/b-c-will-have-only-one-store-selling-cannabis-on-the-first-day-of-legalization
No news of Western Agripharma since 6/6/2018
“Under the terms of the letter of intent, RavenQuest proposes to acquire all of the share capital in Western Agripharma and the Property in consideration for 4,335,294 common shares of RavenQuest at a deemed price of $0.85 per share.
“This acquisition adds the important British Columbia market to our growing presence in key markets across Canada. RavenQuest will have state of the art licensed cannabis facilities in Ontario, Alberta and British Columbia, the three most dynamic cannabis markets in Canada” stated George Robinson, CEO of RavenQuest. “The Western Agripharma facility will produce 25,000 kilograms annually, meaning RavenQuest’s planned projects will combine to produce 51,000 kilograms annually at build out” Robinson continued. “As we often emphasize, our proprietary grow methodologies allow 125,000 square of grow space to feel like two or three times that footprint, when you factor in what our Orbital Gardening can produce in grams-per-square-foot.”
The British Columbian Liquor Broad (BCLB) is really screwing up the roll out of legal recreational cannabis use since they are only opening one store in the whole region to sell cannabis. RavenQuest and all other suppliers would do well to not even participate in the B.C. Region creating a great shortage of supply vs demand possibly forcing the resignation of many of the BCLD incompetents because of the unacceptable manner in which they are handling this opportunity. Also, could be the reason why no more updates on the Western Agripharma planned purchase in the B.C. region. If I were in RavenQuest position I would wait at least until sometime after the initial rollout to pursue that deal when they could force a much better deal. I believe that is why the Bloomera facility in Ontario is scheduled to supply all of their inventory to that region.
Informative video
Oldie, but Goodie. Good to have the differences between the made for home rotational grower that has been around for years and made by several different companies and the industrialize, automative Orbital Gardens that RQB manufactures.
Keep in mind that I do not know RQB expenses that would have to be deducted from revenues to get accurate data. Nor do I know how the warrants will be handled.
Revenues.
Regarding the warrants. I do not know how they will be treated. As bonds, or prefered stock, or dividends
I haven't read the document yet. I believe they can't be converted for two years.
Also, I used U.S dollars , and OTC SP not Canadian.
Expected income $70,000,000/by outstanding shares 105 M. Approximately .66 (cents per share EPS). Price to earnings ratio=Sp/by EPS= .5906/ by .66= .8906 ( less than 1 (.8906) so, if RQ should be trading 15X earnings. It should trade at .66 X 15= $9.90 per share. Next year
This year projected income of $10,000,000/ 105m= .0952 EPS Price to earnings ratio = .5906/ .0952= 6.20. If Cannabis industry has P/E ratio of 15 then we should trade at 15x.0952= $ 1.42, instead of 6.20X .0952 which equals our current SP of .5906
That is based on projected income not actual income and I do not know the P/E ratio for the cannabis industry. I just used a low ball # of 15 when the overall market average is 20-25. Also outstanding shares are approximate. If all goes as stated then we should be in the money by last qt earnings report if you bought under $1.42. But again, what actually happens and what one believes will happen can be two entirely different things.
“Generally a high P/E ratio means that investors are anticipating higher growth in the future. The average market P/E ratio is 20-25 times earnings. The P/E ratio can use estimated earnings to get the forward looking P/E ratio. Companies that are losing money do not have a P/E ratio.”
AJMO and worth what you paid for it.