Ravenquest receives migrated license from Health Canada permitting B2B sales of cannabis
(PresseBox) - RavenQuest BioMed Inc. (the ?Company? or ?RavenQuest?) ? (CSE: RQBnd seeds to other standard cultivators (licensed producers).
The B2B License, issued under Health Canada?s Cannabis Act (?CA?) and Cannabis Regulations (?CR?), was received on November 9, 2018 and demonstrates the Company?s continued compliance with Health Canada?s regulations.
Importantly, the B2B License also paves the way for RavenQuest?s full sales license, which would allow cannabis sales both medically and recreationally.
The B2B License permits sales of cannabis between federal license holders which includes sales of both bulk cannabis and pre-packaged, labelled and tested cannabis products.
the sale and distribution of dried cannabis, fresh cannabis, cannabis plants and cannabis seeds to licensed micro and standard cultivators, processors, analytical testing labs, researchers or cannabis drug manufacturers;
sale and distribution of cannabis plants and cannabis plant seeds to a licensed nursery;
the sale and distribution of cannabis plants and cannabis plant seeds, that are cannabis products to a holder of a license for sale, or a person authorized to sell cannabis under a provincial Act that authorizes the sale of cannabis by reason of subsection 69(1) of the CA; and,
the sale and delivery of cannabis plants and cannabis plant seeds, that are cannabis products, to the purchaser of the products at the request of: a person authorized to sell cannabis under a provincial Act that authorizes the sale of cannabis by reason of subsection 69(1) of the CA, or a holder of a license for sale.
The new B2B License allows Bloomera to immediately engage in B2B sales to other qualified license holders under the CA and CR.
"This is a key milestone for RavenQuest and its stakeholders because it transitions our company from a non-selling producer into a company that can generate revenue through the sale of cannabis nationwide, on a B2B basis at this time? stated George Robinson, CEO.
About RavenQuest
RavenQuest is a diversified publicly traded cannabis company with divisions focused upon cannabis production, management services & consulting and specialized research & development.Company focuses on partnerships with Indigenous communities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are ?forward-looking information? with respect to the Company within the meaning of applicable securities laws, including statements with respect to the timing and likelihood of the acquisition of a full cannabis sales license.sks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achievdiffer materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could
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Datum: 14.11.2018 - 02:34 Uhr
Sprache: Deutsch
News-ID 1544001
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