Quadron Cannatech Completes Its First Sale of the “BOSS” CO2 Extraction System
December 20th, 2017
News, Top News
VANCOUVER, British Columbia, Dec. 20, 2017 (GLOBE NEWSWIRE) — Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), is pleased to announce that is has completed its first sale of the BOSS CO2 Extraction System (“BOSS”) to Quintent Ventures Inc., located in Vernon, British Columbia.
Following extensive research and a thorough review of available CO2 extraction systems on the market, Quintet selected the BOSS. The ease of use and costs savings of the BOSS made it a clear choice for their growth plans in the burgeoning cannabis extraction market.
Production is ramping at Quadron to build its inventory of BOSS CO2 Extraction Systems for quick delivery and anticipation of more purchase orders to complete shortly as licensed growers conclude their investigation and analysis. Sales of the BOSS is anticipated to be a significant revenue growth driver for Quadron in 2018 and beyond.
“Industry response to our proprietary, automated, next generation CO2 Extraction System – the BOSS, since having showcased it at the MJBiz Conference in Vegas, has been extraordinary,” stated Rosy Mondin, CEO & President of Quadron. “There is an immediate need for innovation, automation, analytics, and predictable recoveries in cannabis extraction. The BOSS is a revolutionary system that will no doubt disrupt the industry and build a new, worldwide benchmark for extraction technology, and industry standards moving forward.”
Andrew Robinson, Founding Partner of Quintet Ventures said, “It’s a very exciting time for us as we are seeing great innovation, momentum and growth within our business. With the integration of the BOSS system, we look forward to evolving our formulation range with industry-leading productivity. Through Quadron’s vision, our potential for future growth is significant as we continue to expand and reaffirm our position within the space.”
The BOSS CO2 Extraction System combines proprietary max flow technology with advanced thermodynamics, automated features and an exclusive plug and play design. The BOSS has a very small footprint, requiring only a fraction of the space and energy requirements compared to other systems on the market. Installation is simple – no external hardware of facility renovations required. All that is needed are two electrical outlets and an hour to set-up.
THE BOSS EXTRACTION SYSTEM ADVANTAGES
- Automated system with remote monitoring and control features
- Software collects, stores, and analyzes data for Research & Development
- Programmable cycles – maximizing extraction and separation efficiency
- Plug and Play self-contained system with no external setup required
- Simplified assembly with only two pieces of equipment to set-up, two plugs and four hoses to connect
- Integrated heat exchanger with proprietary advanced thermodynamics
- High precision operating parameters for accurate performance
- Ability to collect extract during runtime
Click here to view more information on the BOSS CO2 Extraction System.
According to a Mackie Research Capital Corp. report, which assumes full legalization (medical and recreational) in 2018, the growth of cannabis oil consumption in Canada is expected to grow from 284 litres in 2015 to 562,613 litres by 2020 (198,000-per-cent growth) versus dried marijuana consumption of 6,388 kilograms in 2015 to 110,034 kilograms in 2020 (1,600-per-cent growth).
About Quadron: Quadron focuses on ancillary equipment, products and services for the authorized cannabis industry, providing automated extraction and processing solutions, and sales of end user delivery solutions such as vape pens, capsules and other safer consumption solutions for patients.
For more information, visit: www.quadroncannatech.com
Quintet Ventures is a cannabis incubator, led by a strategic alliance of diverse professionals. By providing structure and support through vertical integration, their approach is specifically designed to cultivate progressive adaptability in a rapidly changing marketplace. Operating on the foundation of contemporary thinking and continuous research, the group believes in creating unique sustainable products within the cannabis space.
For more information, visit www.quintetfund.com
On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION
President and CEO
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
Follow Us on Social Media
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.