RavenQuest acquires majority stake in 1 Life Cannabis Corp.
(PresseBox) - RavenQuest BioMed Inc. (the ?Company? or ?RavenQuest? - http://www.commodity-tv.net/c/search_adv/?v=298617) ? (CSE: RQB, OTCQB: RVVQF, Frankfurt: 1IT) is pleased to announce it has acquired a 51% interest in Abbotsford, British Columbia based 1 Life Cannabis Corporation (?1 Life?).
1 Life has deep roots in the craft cannabis community and focuses on premium, small batch artisan cannabis cultivation.grow rooms ideal for unique, artisan growers to come together under one roof.
RavenQuest CEO, George Robinson, stated that ?it?s clear to us that there is a significant market for high quality, premium artisan offerings.rator for high quality artisan cannabis, particularly from British Columbia where there is a rich history of premium micro-cultivation.?
?Being a consulting client of RavenQuest, 1 Life?s facility will be a RavenQuest design; their deep cultivation knowledge and unique genetics are a great complement for RavenQuest?s Orbital Garden technology? Robinson continued.
1 Life CEO, Matt Fraser, stated ?we couldn?t be happier with our new licensed producer partner as we endeavour to produce artisan cannabis that is of the highest possible quality.
Under the terms of the transaction, RavenQuest will acquire a controlling interest (51%) in 1 Life for $1.mpletion of due diligence, the negotiation of definitive documentation and the receipt of any required regulatory approvals.
About RavenQuest BioMed Inc.
RavenQuest BioMed Inc. 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.
On Behalf of the Board of Directors of
RAVENQUEST BIOMED INC.
?George Robinson?
Chief Executive Officer
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 approval and development of 1 Life?s licensed cannabis production and processing facility, RavenQuest becoming a central curator for high quality artisan cannabis, the grant to RavenQuest by 1 Life of a 15% royalty and the development of partnerships with Indigenous communities.ks 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 achieveiffer 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: 03.01.2019 - 07:17 Uhr
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News-ID 1545406
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