Business
A Q&A Session With RavenQuest CEO George Robinson
A Q&A Session With RavenQuest CEO George Robinson.
About this update from Ravenquest Biomed Inc
[{"type":"text","content":"\nVANCOUVER, British Columbia, Nov. 07, 2018 (GLOBE NEWSWIRE) -- RavenQuest BioMed Inc. (the “Company” or “RavenQuest”) – (CSE: RQB  OTCQB: RVVQF  Frankfurt: 1IT)\n We’re heading swiftly through the final quarter of 2018 and as CEO, I’d like to address RavenQuest’s progress on a number of fronts. Let’s go through a thorough Q&A covering key areas of interest for shareholders! WHATS HAPPENING WITH THE SALES LICENSE? RavenQuest has moved through all of the rigorous application procedures Health Canada requires to obtain a license to sell cannabis legally in Canada.  This includes two successful harvests which are carefully tested for Health Canada’s stringent biochemistry standards. We’re ready to go.   Health Canada has experienced a busy period with the onset of legalization.  Our dialogue with Health Canada has been very positive, our file is in active review and we are optimistic about the prospect of receiving our license near term.  HAVE YOU MISSED THE DEMAND WINDOW? No, not at all. It’s important to put this into perspective:  both of RavenQuest’s facilities are built and grow rooms are full of healthy plants at the Markham facility.  However inventory is limited at this time, meaning the existence of a sales license would bring some revenues immediately, but the substantial revenues we expect from cannabis sales will truly ramp up when harvests take place at Markham in the coming weeks. RavenQuest has always maintained that our business model was to complete our facilities and ramp up to full capacity by the beginning of calendar 2019.  I’m happy to report we are still on target for these goals.  We are extremely excited to be one of the top 15 companies in the country in terms of built (not just funded) capacity. WAS AN OCTOBER 17 SALES LICENSE A MISSED OPPORTUNITY? The October 17 legalization date was important from a consumer perspective; as of that date you no longer need to worry about a criminal record for simple consumption.  From that perspective, it was a ceremonial day worthy of celebration. But from a “deadline” perspective, October 17 was just another day in our business plan as we ramp up for 2019. Legalization date was never going to be the “Blac...