VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) — Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), reports increasing sales of its next generation custom cartridges and vape pen consumption devices to the ever-evolving cannabis market.
The cannabis market is undeniably moving toward extracts as researchers have witnessed early from the US just how fast the oils and concentrates market is developing. The concentrates market in California generated $169M in sales in the second quarter of 2017 alone. Vape pens accounted for 61% or $103M of dollars sold (BDS Analytics – September 2017).
Quadron’s in house team of cannabis industry specialists, chemists and engineers, work at the frontier of extract science engaging in equipment design/manufacturing and processes, and ancillary product manufacturing.
Over the past 3 years, Quadron personnel has engaged in extensive research to understand how various extracts and product formulation works with different vape pens, cartridges and manufacturing processes. Working closely with ancillary product manufacturers, Quadron has developed unique and proprietary vape pen and cartridge technology specifically designed for cannabis extract.
Quadron’s ancillary products and services are fully integrated with its equipment and laboratory environments. With emerging recreational and medical trends and developing regulations in mind, Quadron’s team of diversified cannabis specialists work one on one with clients to develop unique formulas, branding, packaging and labelling solutions.
Rosy Mondin, President and CEO of Quadron stated, “These recent product developments resulted from numerous discussions with a broad base of industry participants and listening to their needs. Quadron is rapidly being recognized as a leading-edge designer and manufacturer of extraction/processing equipment/services, and of end user delivery solutions such as vape pens, capsules and other safer consumption solutions for patients. Quadron is also able to provide clients with customized branding and packaging solutions.”
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
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
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Statements included in this announcement, including statements concerning our plans, intentions and expectations, including with respect to the scheduled closing date of the Offering and the intended use of the proceeds of the Offering, 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.