Bullboard - Stock Discussion Forum Ravenquest Biomed Inc RVVQF

Ravenquest BioMed Inc is a Canada-based diversified cannabis company with divisions focused upon cannabis production, management services and consulting and specialized research and development. It provides integrated solutions to companies in the cannabis industry and provides growing and drying technologies, patient and genetic management systems, and security management solutions The company... see more

Add To Watchlist

GREY:RVVQF - Post Discussion

Ravenquest Biomed Inc > 7 Key Takeaways from the Midas Letter Interview

View:

Post by ourrug on Nov 12, 2019 8:55pm

7 Key Takeaways from the Midas Letter Interview

RavenQuest Autumn Updates and Future Developments

Video and transcript: https://midasletter.com/2019/11/ravenquest-biomed-inc-cnsxrqb-autumn-updates-and-future-developments/

Re: legal claim : we’ve put a very strong internal process together; it is really looking very good for us.
Re: grow rooms: Grow Room Two is starting to fill and Grow Room Three is starting to fill. And then lastly, we’re just waiting for Health Canada to do its thing to get the other five rooms that you noticed when you were there, up and running.
Re: Australian export permit: shipped the product, it’s made it there. We’ve just got notice today that they’ve received that product. So now we have a guaranteed supply chain movement through all the customs and all of the different, let’s say, regulatory bodies, so now we get to move forward on that.
Re: global expansion: people are starting to realize that the largest part of the consumption is really occurring in the medical market, and if you’re focused on the medical market, Europe really tends to be the place to be. So us, our continue to push to move into Portugal and establish a processing and final product development, gives us the opportunity to sort of not have to get into import and export permitting. Once you’re cultivating in Europe and especially in Portugal, being an EU member, we can then ship on purchase order demand to any of the countries that are in that space. Two, it kind of reduces the amount of cost for shipping overseas, takes away about 8 to 10 weeks in application and permit processing on every order from Canada to there. It’s an extremely important piece to look like, and we do look at a minimum 400 people.
Re: european deals: maybe three to five years from now, trying to ship in there, just the shipping costs and other things will make it hard to deal with. I see this as being a very, very attractive market, and if you don’t go in early and create a footprint, I think it’s going to be very difficult for late players to come into a piece of that market.
Re: mid-grade cannabis: I think RavenQuest, at 11,000 kilograms, is nicely positioned to still offer a high quality product into the recreational space. But we’re still medicinally focused. We’ll have a portion of our product that goes in there, but we’re not going to compete with those who are trying to sell 200,000, 300,000 or 600,000 kilograms into the retail market here.
Re: new lighting: now that we’ve tested the lights; we know that they will last for the total life cycle of eight weeks. Now the plant material will be going in there. it’s meeting all of the requirements that we want from the spectrum perspective, it’s meeting the requirements for the climate that we want to control it in, so we’re now looking forward to loading it in there, which should be next week.

399