Quadron Cannatech Completes Sale of Full Extraction Facility/Build
31 Januar 2019 - 2:30PM
Quadron Cannatech Corporation (the
“Company” or
“Quadron”)
– (CSE: QCC), is
pleased to announce the completion of the sale of an end-to-end
cannabis extraction and processing facility to Cannaworld Ventures
Inc. (
“Cannaworld Ventures”).
Cannaworld Ventures provides strategic
investments in the cannabis industry focusing primarily on
opportunities in the cannabis processing sector. Cannaworld
Ventures is a participant in a large-scale 38,000 sq ft extraction
and processing facility. The facility will be built-out in
phases - Phase-I will focus on CO2 extraction and will include all
processes from preparation of biomass to a variety of end-product
(formulated cannabis oils):
- biomass preparation (drying, dehydration, grinding)
- extraction (BOSS CO2 system)
- various filtration components
- solvent recovery
- refinement and distillation
- formulation
- tables, tools, and basic equipment
- freezers and refrigerators
- basic analytical equipment for concentration levels for
cannabinoids (not including pesticides, heavy metals, bacterial or
fungus)
Rosy Mondin, CEO of Quadron commented: “From day
one, our focus is in developing extraction and processing systems
to transform a client’s vision and intentions into tangible, high
performance results. Our in-house team of engineers & chemists
are focused on innovation and removing bottlenecks in the
extraction of cannabis oils. Our next-generation CO2 extraction and
processing solutions are built to support producers getting to and
maintaining ROI. We’re giving our clients the edge in a new and
fast-changing industry.”
Delivery of the BOSS CO2 system along with the
above-noted ancillary equipment and components are scheduled for
delivery to Cannaworld Ventures the week of February 4, 2019.
About Quadron: Quadron provides
turn-key extraction and processing environments, and ancillary
services to create value-added cannabis derivative products.
For more information, visit:
www.quadroncannatech.com
On behalf of the Board of Directors
ofQUADRON CANNATECH CORPORATION
Rosy MondinCEOrosy@quadroncannatech.com
Investor Relations Contact:KIN Communications
Inc.Caleb Jeffries, VP, Investor
Relations1-866-684-6730QCC@kincommunications.com
Neither the CSE nor its Regulation Services
Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this
release.
Statements included in this announcement,
including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to
be, and are hereby identified as “forward-looking
statements”. Forward-looking statements may be identified by
words including “anticipates”, “believes”, “intends”, “estimates”,
“expects” and similar expressions. The Company cautions readers
that forward-looking statements, including without limitation those
relating to the Company’s future operations and business prospects,
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
forward-looking statements.
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