Business
RavenQuest Signs Memorandum of Understanding to Supply British Columbia Liquor Distribution Branch (BCLDB)
RavenQuest Signs Memorandum of Understanding to Supply British Columbia Liquor Distribution Branch (BCLDB).
About this update from Ravenquest Biomed Inc
[{"type":"text","content":"\nVANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- RavenQuest BioMed Inc. (CSE:RQB) (OTCQB:RVVQF) (Frankfurt:1IT) (the “Company” or “RavenQuest”) is pleased to announce that its wholly owned subsidiary, Bloomera Inc. (“Bloomera”), has signed a memorandum of understanding (the “MOU”) with the British Columbia Liquor Distribution Branch (“BCLDB”) to pursue the wholesale distribution of cannabis produced by Bloomera.  It is expected that the agreement to be reached with BCLDB will cover the first 12 months of the legalized adult use cannabis market in Canada and see Bloomera sell all of its production over that period to the BCLDB.  The MOU provides that Bloomera will supply a broad assortment of cultivars and end products to the BCLDB.\n The BCLDB is responsible for regulating private retail cannabis licensing and the distribution of cannabis to retail stores in British Columbia’s legal adult use recreational cannabis marketplace.  The MOU does not represent a binding purchase agreement, and any distribution of cannabis products to the BCLDB is subject to the negotiation of such an agreement on the terms specified by the BCLDB.  The Company will provide additional information regarding the BCLDB supply and distribution process as it becomes available. “We are delighted to be working with the BCLDB in pursuit of providing British Columbians with the premium quality cannabis that will come out of our Bloomera facility,” stated George Robinson, CEO of RavenQuest.  “Word is getting out that RavenQuest’s grow methodologies are unparalleled in the industry.  We have a deep relationship and understanding of the cannabis plant and the science that goes into delivering high quality and repeatable client experiences.  This sets us apart as an organization and is about to be appreciated by the consumer as our exceptional cannabis reaches store shelves across British Columbia.  We couldn’t be happier to be working with the BCLDB, which has been a tremendous group to work with throughout the negotiation process,” Robinson continued. About RavenQuest BioMed Inc. RavenQuest is a diversified publicly traded cannabis company with divisions focused upon cannabis production, management services &...