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 operates through the following segments - Consulting business and Cultivation and Sale of Medical Cannabis.

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Ravenquest Biomed Inc

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Comment by cornwallison Oct 22, 2018 9:30am

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Post# 28846334

RE:RE:RE:RE:RE:RE:RE:RE:Lore Cannabis and Bloomera Cannabis

I'd also like to see RQB management discuss how the licensing delays might be impacting the financing of Port Mellon and the other developments.

For instance, was it originally planned that some of the proceeds of product sales from Markham, and eventually Edmonton, would be used to finance the expansion projects, instead of raising funds through more costly or dilutive means?

The corporate update from September says, "To date, we have raised over $40 million since going public less than a year ago. Most recently, this spring we raised $8,053,455 in an oversubscribed private placement. We’re using proceeds to complete construction at the Edmonton facility, prepare for our Port Mellon and Fort McMurray projects and for general corporate purposes."

The use of "prepare" suggests to me that more funding will eventually be required in order for the actual construction to begin.

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