RavenQuest BioMed Inc (CNSX:RQB) Expanding Industry Disruptive Growing Technology
RavenQuest BioMed Inc (CNSX:RQB) (OTCMKTS:RVVQF) (FRA:1IT) CEO George Robinson joins Midas Letter to discuss the company’s ‘Orbital Gardens‘ and the advantages of using the rotational growth technology on a large scale. The RavenQuest Orbital Garden allows for production of large quantities of cannabis in smaller areas by maximizing the productivity of grow space and lighting. The technology is able to produce over 300 Grams per square foot – which is currently double the industry averages. The company is also expanding into the European medical marijuana sector, recently completing a joint venture agreement to construct cannabis production facilities using RavenQuest’s Orbital Garden grow technology. It is anticipated that production facilities will produce up to 35,000 kilograms of cannabis annually by 2021. The CEO also outline the company’s road to profitability, surmising EBITDA rates of between 38 to 42 percent and profitability by the end of calendar year 2019.
Original article: RavenQuest BioMed Inc (CNSX:RQB) Expanding Industry Disruptive Growing Technology
©2019 Midas Letter. All Rights Reserved.
Source: https://midasletter.com/2019/07/ravenquest-biomed-inc-cnsxrqb-expanding-industry-disruptive-growing-technology/
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