VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) -- 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 of
QUADRON CANNATECH CORPORATION
Rosy Mondin
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.