VANCOUVER, British Columbia, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), is pleased to announce that is has completed its first sale of the BOSS CO2 Extraction System (“BOSS”) to Quintent Ventures Inc., located in Vernon, British Columbia.
Following extensive research and a thorough review of available CO2 extraction systems on the market, Quintet selected the BOSS. The ease of use and costs savings of the BOSS made it a clear choice for their growth plans in the burgeoning cannabis extraction market.
Production is ramping at Quadron to build its inventory of BOSS CO2 Extraction Systems for quick delivery and anticipation of more purchase orders to complete shortly as licensed growers conclude their investigation and analysis. Sales of the BOSS is anticipated to be a significant revenue growth driver for Quadron in 2018 and beyond.
“Industry response to our proprietary, automated, next generation CO2 Extraction System – the BOSS, since having showcased it at the MJBiz Conference in Vegas, has been extraordinary,” stated Rosy Mondin, CEO & President of Quadron. “There is an immediate need for innovation, automation, analytics, and predictable recoveries in cannabis extraction. The BOSS is a revolutionary system that will no doubt disrupt the industry and build a new, worldwide benchmark for extraction technology, and industry standards moving forward.”
Andrew Robinson, Founding Partner of Quintet Ventures said, “It’s a very exciting time for us as we are seeing great innovation, momentum and growth within our business. With the integration of the BOSS system, we look forward to evolving our formulation range with industry-leading productivity. Through Quadron’s vision, our potential for future growth is significant as we continue to expand and reaffirm our position within the space.”
The BOSS CO2 Extraction System combines proprietary max flow technology with advanced thermodynamics, automated features and an exclusive plug and play design. The BOSS has a very small footprint, requiring only a fraction of the space and energy requirements compared to other systems on the market. Installation is simple – no external hardware of facility renovations required. All that is needed are two electrical outlets and an hour to set-up.
THE BOSS EXTRACTION SYSTEM ADVANTAGES
- Automated system with remote monitoring and control features
- Software collects, stores, and analyzes data for Research & Development
- Programmable cycles - maximizing extraction and separation efficiency
- Plug and Play self-contained system with no external setup required
- Simplified assembly with only two pieces of equipment to set-up, two plugs and four hoses to connect
- Integrated heat exchanger with proprietary advanced thermodynamics
- High precision operating parameters for accurate performance
- Ability to collect extract during runtime
Click here to view more information on the BOSS CO2 Extraction System.
According to a Mackie Research Capital Corp. report, which assumes full legalization (medical and recreational) in 2018, the growth of cannabis oil consumption in Canada is expected to grow from 284 litres in 2015 to 562,613 litres by 2020 (198,000-per-cent growth) versus dried marijuana consumption of 6,388 kilograms in 2015 to 110,034 kilograms in 2020 (1,600-per-cent growth).
About Quadron: Quadron focuses on ancillary equipment, products and services for the authorized cannabis industry, providing automated extraction and processing solutions, and sales of end user delivery solutions such as vape pens, capsules and other safer consumption solutions for patients.
For more information, visit: www.quadroncannatech.com
About Quintet:
Quintet Ventures is a cannabis incubator, led by a strategic alliance of diverse professionals. By providing structure and support through vertical integration, their approach is specifically designed to cultivate progressive adaptability in a rapidly changing marketplace. Operating on the foundation of contemporary thinking and continuous research, the group believes in creating unique sustainable products within the cannabis space.
For more information, visit www.quintetfund.com
On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION
Rosy Mondin
President and CEO
rosy@quadroncannatech.com
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
1-866-684-6730
QCC@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.