Vancouver, British Columbia--(Newsfile Corp. - June 1, 2017) - Quadron Cannatech Corporation (CSE: QCC) (the "Company" or
"Quadron") is pleased to announce that it has received a $200,000 CDN order for its custom branded vape pen units and
cartridges.
Consumption data from legalized jurisdictions is trending away from dried cannabis to cannabis oil and oil-based products which
are ingested in a variety of ways. Delivery of this oil is done using different types of hardware (such as vapor pens) and other
means of consumption (such as capsules). This is a very lucrative part of the cannabis industry supply chain that Quadron will
continue to apply its diversified knowledge and expertise to generate revenue and scale rapidly.
Rosy Mondin, President and CEO of Quadron commented, "The sale of our custom-branded accessories is business with recurring
revenues from sales of the cartridges and is highly complementary to our automated extraction and processing solutions business. We
anticipate these two verticals to rapidly grow in tandem and significantly increase our revenue in the second half of 2017 and
beyond."
According to a Mackie Research Capital Corporation report, which assumes full legalization (medical and recreational) in 2018,
the growth of cannabis oil consumption in Canada is expected to grow from 284L in 2015 to 562,613L by 2020 (198,000% growth) versus
dried marijuana consumption of 6,388 Kg in 2015 to 110,034 Kg in 2020 (1,600% growth).
The move towards extract-based products also supports public health policies that provide for safer and more discreet
alternatives to combustion-based methods of cannabis consumption. Quadron, being a leader of innovation, automation and oil
extraction of cannabis is well positioned to capture this growing mega trend of oil consumption in the cannabis industry.
About Quadron: Quadron focuses on ancillary equipment, products and services for the authorized cannabis industry,
providing automated extraction and processing solutions, and sales of end user delivery solutions such as vape pens, capsules and
other safer consumption solutions for patients.
For more information, visit: www.quadroncannatech.com
On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION
Rosy Mondin
President and CEO
rosy@quadroncannatech.com
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
1-866-684-6730
QCC@kincommunications.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are
not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward-looking statements
may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The
Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future
operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ
materially from those indicated in the forward-looking statements.
