Capitalizing on Canada's Growing Extracts Business - CFN Media
Seattle, Washington--(Newsfile Corp. - December 21, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article discussing Quadron Cannatech Corporation (CSE: QCC) and how it's positioned to capitalize on the growth in cannabis oils and extracts via its innovative extraction technology that it's already selling to licensed producers.
The Rise of Oils & Extracts
Canada's cannabis industry began with dried cannabis that could be smoked by patients with certain medical conditions referred by a qualified physician. With only about 20% of the population smoking tobacco, these arcane rules meant that non-smokers either had to begin a questionable new habit or forego the potential benefits of cannabinoids. Fortunately, the latest Access to Cannabis for Medical Purposes Regulations (ACMPR) legalized oils and extracts.
Although edibles products remain illegal for sale in Canada, extract-based products have become extremely popular alternatives to dried cannabis buds. Cannabidiol (CBD) capsules have made it possible to realize the non-psychoactive benefit of cannabis, while flavored vapour oils have reduced many of the risks of smoking dried cannabis. Extracts have become the fastest growing category of cannabis products across the country.
According to Health Canada, cannabis oil sales by licensed producers accounted for roughly half of their overall sales, as of March 2017. These trends are mirrored south of the border in the United States where edibles have been legalized in many states. In California, a February 2017 study found that the sale of cannabis oil cartridges rose 24% from 6% of total sales in just one year, representing an enormous 400% increase.
Empowering Licensed Producers
Quadron Cannatech Corporation (CSE: QCC) specializes in the research and development of cannabis extraction equipment for authorized cannabis participants. In particular, its BOSS CO2 Extraction System combines proprietary max flow technology with advanced thermodynamics, automated features, and an exclusive plug-and-play design to cost-effectively produce extracts. The machine requires only a fraction of the space and energy of comparable systems on the market.
The system's core features include:
Automated software with remote monitoring and control
Software collects, stores, and analyzes data for research and development
Programmable cycles that maximize extraction and separation efficiency
Plug and play self-contained system with no setup required
Simplified assembly with only two pieces of equipment, two plugs, and four hoses
Integrated heat exchanger with proprietary thermodynamics
High precision operating parameters for accurate performance
Ability to collect extract during runtime
After debuting the product at the MJ Biz Con in Las Vegas, the company reported 'extraordinary' interest across the industry. The company has already completed the first sale of its BOSS CO2 Extraction System to Quintent Ventures Inc., an ACMPR late-stage applicant located in Vernon, British Columbia. The move could pave the way to additional sales to other industry participants that have expressed interest in the commercially-available product.
"In developing our extraction system, we engaged with a broad base of industry participants and listened to their needs," said CEO and President Rosy Mondin. "Utilizing military-grade craftsmanship, precision engineering, and state-of-the-art automation, our team worked tirelessly to achieve our goal of delivering the most advanced CO2 extraction technology specifically designed for the cannabis industry."
Please follow the link to read the full article: https://www.cannabisfn.com/capitalizing-canadas-growing-extracts-business/
For more information, visit the company's website at www.quadroncannatech.com.
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Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/
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