GREY:QUDCF - Post by User
Comment by
ElkInvestorCAon Aug 29, 2018 2:12am
174 Views
Post# 28533667
RE:Financials are out
RE:Financials are outWere just getting started!
Sales are not going to be huge prior to legalization!
A little more patience and the sails will set!!
"QUADRON CANNATECH CORPORATION MANAGEMENT’S DISCUSSION AND ANALYSIS AS AT AND FOR THE YEAR ENDED APRIL 30, 2018
Cannabis extractions and ancillary devices Quadron’s business is focused on providing a value add service to growers and processors of varying sizes. The market is moving toward extracts as researchers have witnessed early from the US just how fast the oils market is growing.
According to data released by the Washington State Liquor and Cannabis Board, sales of cannabis concentrates have increased exponentially in the two years from $3,483,681 in 2014 to $143,282,686 in 2016. An analyst from Mackie Research has estimated that cannabis oil consumption in Canada alone is projected to rise from 284 litres in 2015 to 562,613 litres by 2020, which equates to roughly a C$2.8 billion market segment. Market data collected from Licensed Producers by Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR) as at Q42018 indicates that dried cannabis flower shipments increased just 4.2% (compared to the prior quarter), while oils grew 11% (as measured in kilograms). With very few exceptions, not many companies are in the research and development of automation and modernization of equipment for extraction and processing of cannabis on a commercial production scale.
In house engineering, manufacturing and sciencerelated technology experience gives Quadron a leading edge as a designer, manufacturer, supplier and innovator of safe, compliant and efficient extraction and distillation equipment. Offering adult consumers alternatives to smoking dried cannabis is consistent with the public health approaches to the regulation of cannabis."