PALM BEACH, Florida, April 3, 2018 /PRNewswire/ --
Marketnewsupdates.com News Commentary
Cannabisnot only has a profound healing effect on humans, but also on animals. Pet owners across Canada are using cannabinoid (CBD) oil products on their adored pets for a range of health issues. In 2016, pet owners in the U.S.
Global News reported that using pot products in pet treats is gaining so much popularity that they're "flying off the shelves" at one dispensary in Toronto. A big reason for that is consumers are beginning to recognize the health benefits of CBD, an active constituent in cannabis plants completely different from tetrahydrocannabinol (THC), the psychoactive component, so they could not get "high" as a side effect. It is also convenient that CBD oil extracts used on pets could be both applied externally on the skin or ingested internally with food. Importantly, these animals have, in general, responded well to CBD treatment.
CBD is legal in Canada as long as the THC content is below 0.3% dry weight. Within the USA, CBD is currently illegal only in four states - Idaho, Nebraska, South Dakota and Kansas (some states require a prescription to gain access).
One company specifically looking at this area and improve its CBD yield is RavenQuest BioMed Inc. (CSE:RQB), which has its operations set in both Alberta and Ontario, two of the most dynamic markets nationwide.
A $22.6 Billion Dollar Industry Could Get Even Bigger
Deloitte estimates that the Canadian ancillary cannabis industry could be valued at $22.6 billion annually, and this is just for human consumption. The market for CBD specifically is also projected to grow 700% a year by 2020, according to Forbes. Imagine once legalization materializes, there is every chance pet owners countrywide could allocate the $10.2 billion they will spend this year on pet medicines toward CBD oil products designed just for animals.
RavenQuest's Increases Production Surface
RavenQuest BioMed Inc. (CSE:RQB) has already moved ahead of competition on the efficiency front as they verge on a sevenfold increase in plants per square foot. It's currently using a unique automated plant growing technology called Orbital Garden - a stackable, rotational system that moves plants in a circular motion around a light bulb so they receive the maximum nutrients. This technology is able to match production from 500 square feet of flat growing surface with only 70 square feet of floor space stacked-up with growing units, reducing electricity costs by 70-80% and nutrient costs by 25%, more efficient than those of Aphria et al.
Leading Grams Per Square Foot Producer
RavenQuest BioMed Inc. acquired Alberta Green Biotech, a 35,500 square foot facility located in Edmonton with expected annual production of 7,000 kilograms. It has also added 2,000 kg of production through the recent acquisition of Bloomera, a licensed producer located in the Greater Toronto Area, Canada's largest cannabis market. RavenQuest's proprietary grow methodologies could help to ramp production up to 11,000 kg from the two facilities. With further plans to scale their operations in the future, RavenQuest's projected production capacity is expected to reach 26,000 kilograms.
RavenQuest BioMed Inc. (CSE:RQB) recently completed their final tranche of financing with gross proceeds totalling CAD $26,329,125. Ravenquest remains undervalued at just an CAD $85 million market cap. RavenQuest is the new kid on the block, but has made significant strides with technology and acquisitions to compete with the bigger companies.
Aphria Inc. (OTCQB:APHQF) (TSX:APH.TO)
Aphria is one of Canada's lowest-cost medical cannabis producers. The company sells its products through both retail and wholesale channels. It's also engaged in the research and development and commercial production of cannabis oil. In October, Aphria made its first shipment of cannabis oil to Medlab Clinical Ltd., an Australian medical life science company.
Canopy Growth Corp. (OTC:TWMJF) (TSX:WEED.TO)
Canopy Growth Corp., formerly known as Tweed Marijuana Inc., was founded by Bruce Linton in 2014 and is based in Smiths Falls, Ontario. Canopy is the first federally regulated, publicly traded cannabis producer in North America and is Canada's largest producer. It operates numerous production facilities across Canada and around the world with over 700,000 square feet of production space licensed under Canada's medical cannabis framework.
Emerald Health Therapeutics Inc. (OTCQX:EMHTF) (TSXV:EMH.V)
Through its subsidiary Emerald Health Therapeutics Canada Inc., a licensed producer under ACMPR, the company is authorized to produce and sell dried cannabis and cannabis oil for medical purposes. In September 2017, Emerald Health launched Island Mist, its proprietary high-CBD and high-CBD-to-THC-ratio dried flower product.
Cannabis Wheaton Income Corp. (OTCQB: CBWTF) (TSXV:CBW.V)
Cannabis Wheaton is a cannabis streaming company facilitating growth by providing partners with financial support and sharing collective industry experience. The company recently acquired all of the issued and outstanding shares of RockGarden Medicinals Inc. The acquisition furthers the company's streaming platform strategy by providing them with additional resources and regulatory tools to help accelerate Wheaton Licensing Program participants' pathway to licensing under the Access to Cannabis for Medical Purposes Regulations.
Pot For Pets Is For Real
By the time cannabis is fully legal in Canada, people won't be the only ones "sniffing" out its health uses. The CBD oil extracted from cannabis could also have strong uses for treating medical ailments suffered by animals. It's already being advocated by veterinarians in the biggest cannabis jurisdictions in the U.S., and the same trend is growing in Toronto.
As the rules set on CBD products become clearer, producers like RavenQuest BioMed Inc. (CSE:RQB) that focus on product quality and consistency would be the first to benefit from this sector. Using cannabis on animals is a delicate topic, so only the best products would be qualified should vets be allowed to prescribe down the line. With a genetics research project in place as well as innovative production ideas, RavenQuest BioMed Inc. (CSE:RQB) may just be the first to have "treats" for our pets.
For more information on RavenQuest Biomed Inc. (CSE:RQB), please visit microsmallcap.com for a free research report.
DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated forty four hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Ravenquest Biomed Inc. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.
Media Contact: FN Media Group, LLC firstname.lastname@example.org +1(561)325-8757
Subscribe to our Free Newsletters!
True vertigo is a severe form of dizziness that is a movement hallucination. Try out some of these ...
Oxidative stress is a form of injury to body tissues due to increase in free radicals. If the ...
Graviola's health benefits range from curing headaches to fighting cancer. Read on to know more ...View All