Ravenquest Biomed Inc (RVVQF)

[centurycom]

RavenQuest Reports Progress Across All Four Pillars -- CFN Media

GlobeNewswire•May 30, 2018
SEATTLE, May 30, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced publication of an article covering RavenQuest BioMed Inc., (RQB.CN) (RQB.CN) (RQB.CN) (RVVQF). The company recently released a corporate update reporting progress across all four of its pillars, including investments, indigenous peoples outreach, consulting services, and research and development. Investors may want to take note of these developments and the company’s many near-term catalysts coming up just as adult-use cannabis becomes legal.

Canada’s cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis later this year. While there are many companies active in the space, there are few that are as unique and diversified as RavenQuest BioMed Inc., which has taken a ‘four pillar’ approach to the cannabis industry to build long-term shareholder value.

Ramping Up Operations

RavenQuest BioMed invested in two new projects at the memorandum of understanding phase, including a 250,000 sq. ft. joint venture with Fort McMurray #468 First Nation and the acquisition of Western AgriPharma Limited, a late-stage ACMPR applicant with 125,000 sq. ft. of growing space. Management anticipates that these two investments will increase its production footprint from 11,000 kilograms to over 50,000 kilograms of dried cannabis per year.

At the same time, the company’s licensed (cultivation) Bloomera facility in Toronto completed the first of two harvests required by Health Canada for license to sell and dispense. The facility successfully passed all chemistry and microbiological testing on the first grow cycle and management expects a license to sell and dispense by July. Additionally, the company’s Alberta Green Biotech facility is fully funded and expected to be licensed to cultivate by July.

The company also recently signed a new lease in downtown Edmonton where it plans to open its flagship retail recreational cannabis store. The space is strategically located within Edmonton’s downtown nightlife, concert halls, conference center, public transport, and popular “ICE District” that’s home to NHL hockey and a densely populated residential area.

Research & Partnerships

RavenQuest BioMed’s Head of Government and Indigenous Relations, Bill Robinson, recently hosted the first national conference call for the Indigenous Peoples’ Cannabis Association (IPCA). Over the past several months, IPCA’s membership has continued to rapidly grow along with interest from indigenous communities looking to participate in the cannabis industry. These relationships could be extremely valuable to the company over the long run.

CEO George Robinson will also be working to expand the company’s presence by speaking at several upcoming cannabis industry events, including:

International Cannabis Business Conference: June 24-25 Vancouver, BC
The Money Show (Cannabis Investing Symposium): August 23-25, San Francisco, CA
The Money Show (Cannabis Investing Symposium): Sept 14-15, Toronto, ON
Institute of Public Administration of Canada (Pracademic policy workshop): Aug. 22, Quebec City, PQ
In addition to building strategic relationships, the company received a $480,000 grant from the Natural Sciences & Engineering Research Council (NSERC) along with its research partner, McGill University. These funds will be combined with the company’s cash and in-kind contributions to yield a total of $1.2 million over three years. These funds will be aimed at recognition, stabilization, and yield maximization of the cannabis plant.

Looking Ahead

RavenQuest BioMed Inc. (RQB.CN) (RVVQF) has made tremendous progress in advancing its four pillars approach to the cannabis industry. The investment division has continued to expand its portfolio; the indigenous peoples outreach has seen strong early traction; the services division produced over $600,000 in revenue last quarter; and, the R&D branch successfully secured a NSERC grant to improve cannabis production.

For more information, visit the company’s website or download their investor presentation.

Please follow the link to read the full article:

http://www.cannabisfn.com/ravenquest-reports-progress-across-four-pillars/

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Frank Lane
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