New MOU Underscores Benefits of RavenQuest BioMed’s Four Pillar Approach
April 4th, 2018
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The Canadian 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 nationwide. With a growing number of licensed producers in the space, competition is intensifying across the industry to scale up production. Investors may want to focus on companies that have taken a differentiated approach to delivering long-term shareholder value.
RavenQuest BioMed Inc. (CSE: RQB) has developed a synergistic four-pillar approach to the cannabis industry that sets it apart from other licensed producers. With a focus on Indigenous People’s partnerships, investments in near-term cultivation, immediate revenue from management services, and ongoing research and development, investors may want to take a closer look at the company following its recent partnership with an Indigenous group.
RavenQuest BioMed has developed an indigenous-centered, end-to-end solution for cannabis production and sale on sovereign land. As part of these programs, the company provides sovereign nations with the technical know-how, staff resources, and financing opportunities in exchange for a percentage ownership in the facilities. These partnerships could lead to a steady stream of positive announcements of new production licenses over the coming quarters.
Under the guidance of Bill Robinson, the company has already identified and engaged with an impressive list of prospective Indigenous Peoples partners. Mr. Robinson serves as the head of Government/Indigenous Relations and Strategic Partnerships with over 34 years of experience with the Royal Canadian Mounted Police (RCMP). During this career, he worked closely with many organizations and developed close and trusted relationships with these communities.
Management anticipates that many of these engagements will begin as simple service contracts to build facilities that evolve into partnerships with equity interests. In other words, the services division is expected to generate deal flow for the investment division, which helps create both near-term and long-term value for shareholders. These trends have already been realized with its recent partnership with Fort McMurray #468 First Nation.
Fort McMurray Expansion
RavenQuest BioMed recently announced a Memorandum of Understanding with Fort McMurray #468 First Nation to collaboration in the development, operation, and financing of a purpose-built facility for the production of cannabis on its land. Under the terms of the agreement, the company will receive a 30 percent ownership stake in the 24,000 sq. ft. facility, which will be rapidly expanded to a maximum of 250,000 sq. ft.
“This MOU represents a key milestone for our organization,” said RavenQuest CEO George Robinson in a recent press release. “We intend to emerge as the trusted provider of choice for Indigenous Peoples’ cannabis industry partnerships across Canada … With the right partners, we see cannabis as a tremendous opportunity for economic diversification, self-reliance, employment, and harm reduction within Indigenous communities.”
Management believes that the facility will produce 50,000 kilograms of dried cannabis per year. Through its 30 percent stake, the company would be entitled to about 15,000 kilograms per year of that production. The company’s total production, along with its existing 11,000 kilograms per year facilities, bring the total to 26,000 kilograms per year at full capacity. The deal also paves the way for future projects as a valuable proof-of-concept.
RavenQuest BioMed Inc.’s (CSE: RQB) recent deal with Fort McMurray #468 First Nation underscores the company’s ability to execute on its Indigenous Peoples’ agreements, as well as shows how the company’s four pillars work together. Investors may want to take a closer look at the stock given these developments and the potential for near-term revenue and long-term shareholder value.
For more information, visit the company’s website or download their investor presentation.
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