Canada’s cannabis industry is projected to reach C$22.6 billion in size over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis nationwide. Investors have many different options for capitalizing on this growing market, but the increasingly crowded market could see more competition over the coming years. The best opportunities are companies that have cultivated a durable competitive advantage.
RavenQuest BioMed Inc.’s (CSE: RQB) competitive advantages are focused on partnerships with indigenous populations and solid fiscal management. By working with indigenous populations, the company hopes to develop a diverse range of profitable partnerships while building out its own production later this year. Management aims to accomplish these goals by taking a four pillar approach to the market.
#1: Partnerships with Indigenous Peoples
RavenQuest BioMed provides indigenous populations with a turnkey solution for the production and sale of cannabis on their sovereign land. Under the guidance of Bill Robinson, the company has already identified and engaged with an impressive list of prospective Indigenous Peoples partners. These partnerships could lead to a steady stream of positive announcements of new production licenses and capacity expansion over the coming year.
Bill Robinson serves as the head of Government/Indigenous Relations and Strategic Partnerships for the company. Over his 34-year career with the Royal Canadian Mounted Police (RCMP), Mr. Robinson served in communities across Canada, including 18 years in Alberta. He worked closely with many organizations and developed close and trusted relationships with Indigenous communities, providing valuable connections for his current role.
#2: Near-term Production by Mid-2018
RavenQuest BioMed recently acquired a 100% interest in the Alberta-based Green Biotech, which expects to complete construction on a 35,500 sq. ft. facility by mid-2018. At capacity, the facility is expected to produce 7,000 kilograms of dried cannabis each year after spending approximately $14 million to $16 million to complete the Continue Reading