RavenQuest Begins Cannabis Sales
GlobeNewswireDecember 4, 2018, 6:00 AM EST
VANCOUVER, British Columbia, Dec. 04, 2018 (GLOBE NEWSWIRE) -- RavenQuest BioMed Inc. (the “Company” or “RavenQuest”) – (CSE: RQB OTCQB: RVVQF Frankfurt: 1IT) is pleased to announce that it is concluding its first cannabis sales transaction, beginning a new era for the Company as it joins an exclusive club of companies that generate revenue from the legal sale of cannabis in Canada.
RavenQuest recently obtained its Business to Business (“B2B”) sales license from Health Canada, permitting the Company to effect sales to other licensed producers. Under the terms of RavenQuest’s first cannabis sales transaction, it will use its B2B sales license to sell its cannabis inventory at its Markham, Ontario facility to a large publicly traded Canadian licensed producer.
“This is an important inflection point in the history of RavenQuest, as we will soon generate revenue from cannabis sales,” stated George Robinson, CEO. “We expect a new harvest from our Markham facility in the coming weeks, which will add significantly more revenue. Importantly, pricing in the B2B market is favourable, competitive and on par with that from provincial wholesalers, meaning we expect to have multiple sales channels available to us and are fully able to take advantage of these opportunities to generate revenue for shareholders. Our message to shareholders is simple: Cannabis sales at RavenQuest have begun and will continue at competitive prices,” Robinson continued.
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See my below post for possible sales price
As was told to me by Mathieu.
