VANCOUVER, British Columbia, Aug. 15, 2018 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (the “Company” or “RavenQuest”) – (CSE: RQB, OTCQB: RVVQF, Frankfurt: 1IT) is pleased to announce it has entered into a services agreement with Alexander First Nation to develop a Health Canada cannabis license application. Alexander First Nation is located adjacent to the Edmonton Metropolitan Region and plans to build a cannabis facility on its sovereign land.
We are genuinely excited to be working with Alexander First Nation. Today’s announcement marks the beginning of a trusting and mutually beneficial relationship. We’ve taken a huge first step toward a brighter economic future for both Alexander First Nation and RavenQuest.
George Robinson, CEO of RavenQuest
This agreement speaks to our continued commitment to working with Indigenous communities. We see the economic and social impact these partnerships can bring and will continue our work in earnest to establish similar partnerships and engagements with unique Indigenous communities in the months ahead.
About RavenQuest BioMed Inc.
RavenQuest is a diversified publicly traded cannabis company with divisions focused upon cannabis production, management services & consulting and specialized research & development. RavenQuest is a licensed producer with facilities located in Markham, Ontario and Edmonton, Alberta. RavenQuest maintains a research partnership with Montreal’s McGill University focused upon cultivar (strain) recognition, plant stabilization and yield maximization of the cannabis plant.
The Company focuses on partnerships with Indigenous communities and entered into an MOU to construct a cannabis production facility on sovereign land of Fort McMurray First Nation #468. RavenQuest has also recently entered into an LOI to pursue the acquisition of Western Agripharma Ltd., a late stage application with a production facility under construction on British Columbia’s sunshine coast.