The stock price of Ravenquest has dropped recently. Looks potentially like a good entry point. They own manufacturing facilities with a capacity of 11,000 kg per year. With a wholsale price of $5 per gramm, this makes annual revenue of $55 million. Management services are estimated to be 15 million per year, check link in the Q&A section: The total annual revenue is then $70 million. This is the same as the current market cap of Ravenquest. Stock could drop lower, but I think it might have soon reached the bottom.
Interesting read: RavenQuest Smartly Increasing Cannabis Production Capacity Ahead of Legalization -- CFN Media SEATTLE, April 19, 2018 (GLOBE NEWSWIRE) https://globenewswire.com/news-rele...Capacity-Ahead-of-Legalization-CFN-Media.html
Ravenquest BioMed (CNSX:RQB) PT Set at $2.00 by Fundamental Research https://weekherald.com/2018/05/01/f...0-price-target-for-ravenquest-biomed-rqb.html
RavenQuest Provides Corporate Update VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- RavenQuest BioMed Inc. (the “Company” or “RavenQuest”) – (CSE:RQB) (OTCQB:RVVQF) (Frankfurt:1IT) provides a corporate update. https://globenewswire.com/news-rele.../en/RavenQuest-Provides-Corporate-Update.html
RavenQuest Reports Progress Across All Four Pillars May 30, 2018 https://globenewswire.com/news-rele...ogress-Across-All-Four-Pillars-CFN-Media.html
From the Twitter account of the CEO (1 June): "Great update from the Alberta Green Biotech site. Floors in, ready for the gardens. On budget and on schedule. Well done team" https://twitter.com/cl2g/status/1002735088302415872 Furthermore this week is of interest for Cannabis stocks with the vote on Thursday, and RavenQuest in particular. "On Wednesday, the Senate will explore issues that affect Indigenous communities.” https://www.theglobeandmail.com/politics/article-senate-keeps-amending-ottawas-legal-cannabis-bill/
RavenQuest Announces Letter of Intent to Purchase Western Agripharma Ltd. June 06, 2018 06:00 ET https://globenewswire.com/news-rele...ntent-to-Purchase-Western-Agripharma-Ltd.html “This acquisition adds the important British Columbia market to our growing presence in key markets across Canada. RavenQuest will have state of the art licensed cannabis facilities in Ontario, Alberta and British Columbia, the three most dynamic cannabis markets in Canada,” stated George Robinson, CEO of RavenQuest. “The Western Agripharma facility will produce 25,000 kilograms annually, meaning RavenQuest’s planned projects will combine to produce 51,000 kilograms annually at build out,” Robinson continued. “As we often emphasize, our proprietary grow methodologies allow 125,000 square of grow space to feel like two or three times that footprint, when you factor in what our Orbital Gardening can produce in grams-per-square-foot.”
One pilar of Ravenquest's four pillar approach is the "partnership with indegenous peoples". "special help for Indigenous businesses" "The ministers also promised more funding for Indigenous mental health and addiction treatment services, special help for Indigenous businesses to navigate the licensing process to grow marijuana and consultation on jurisdictional and revenue-sharing issues." Read CBC article here: http://www.cbc.ca/news/politics/pot-bill-passes-senate-1.4697124
RavenQuest Announces Intent to Purchase Majority Stake in Elephant Extracts June 14, 2018 (GLOBE NEWSWIRE) https://globenewswire.com/news-rele...hase-Majority-Stake-in-Elephant-Extracts.html
RSI(14) stands at 37.63 with positive bias, with the MACD also moving higher. A potential breakout play above 1.4556. http://www.allotcbb.com/quote.php?symbol=rvvqf
RavenQuest BioMed Expands Geographical Production Footprint -- CFN Media SEATTLE, June 19, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced publication of an article covering RavenQuest BioMed Inc. (CSE:RQB) (RQB.CN) (CNSX:RQB) (OTCQB:RVVQF). Canada’s upcoming legalization of recreational cannabis could put pressure on cannabis supply, according to a variety of sources, even as many licensed producers ramp up production capacity. Deloitte analysts project that the market could top C$22.6 billion over the coming years, driven by both domestic growth from recreational legalization and growing demand for export from the European Union and other countries around the world. RavenQuest BioMed Inc. is well-positioned to capitalize on these trends with its four-pillar approach to the industry and rapidly growing production portfolio. After moving to acquire another late-stage applicant earlier this month, investors may want to take a closer look at the stock over the coming months. https://globenewswire.com/news-rele...graphical-Production-Footprint-CFN-Media.html
Marijuana legalization Bill C-45 officially passes Senate vote, heading for royal assent June 19, 2018 https://globalnews.ca/news/4282677/pot-bill-senate-passes/
June 20, 2018 RavenQuest BioMed Inc Comments on Historic Senate Vote Passing Canada’s Cannabis Act https://www.newcannabisventures.com...ric-senate-vote-passing-canadas-cannabis-act/
RavenQuest Is An Undervalued and Unique Opportunity That Investors Should Be Watching 3 July 2018 https://technical420.com/cannabis-a...ique-opportunity-investors-should-be-watching
RQB doing very well as of late. Looking for more when legalisation of Marijuana in Canada starts this October.
17 October approaching. Promising company update imo. RavenQuest Provides Corporate Update September 25, 2018 06:00 ET | Source: RavenQuest BioMed Inc. https://globenewswire.com/news-rele.../en/RavenQuest-Provides-Corporate-Update.html
Below is the link to the recently updated company presentation of RavenQuest. In my opinion the presentation is straightforward and quite convincing. I am confident that we will see $2 in the next weeks/months ahead. https://rqbglobal.com/img/innovation-science-opportunity.pdf
RavenQuest BioMed @RQBGlobal RQB’s flagship consumer brands look beautiful! Looking forward to introducing these to Canada - and the world - next week when our BNN ad spots air 3x per day beginning October 10! 1 Oct. 2018 https://twitter.com/RQBGlobal/status/1046736354275741698
Nice trading volume today. I expect a continued upward movement of the share price in anticipation of the legalization of Marijuana on 17 Ocotober.
