RavenQuest – High efficiency Cannabis cultivation through innovation and R&D
Management Consulting & Technical Services Division
RavenQuest Tech have helped more than ten companies secure licenses, they know the process and have become a leader in providing solution to existing LP and Late stage applicants. They recently signed a contract to build a 24,000 square foot facility for Fort McMurray Nation.
Once of their most unique value propositions is their orbital garden technology, which allows cultivators to grow vertical to maximize the yield per square footage.
RavenQuest’s automated Orbital Garden 2.0 innovation is a potential game changer that they are maximizing the productivity of grow space and lighting. They systems involves a rotational system where the plants move in a circular motion around a center bulb.
Each of the orbital gardens dimensions are 4 feet wide x 4 feet tall, and 9 feet long, with a total inner growing surface of 82 square feet, but with a floor-space footprint of only 32 square feet.
These orbital gardens are also stackable, their current 6-pack method is where they are stacked two units wide and three units high. This gives roughly 500 square feet of growing surface in a floorspace of roughly ~70 square feet.
Some additional benefits of the system are that it:
- 70-80% reduction in the costs for electricity
- Lowers nutrient costs by 25%
- Lowers ventilation costs
- Reduces environmental concerns (infections, mildew, etc), as each room is operated via remote control, and that limits the number of entrances into the grow room.
This unique approach has the potential to be a big game changer if they license their expertise to other LP’s to use the technology as this will lower the overall costs and allow production of over 300 grams per square foot, doubling industry averages.
Investments, Acquisitions and R&D Division
1) Acquisition of Alberta Green Biotech (AGB)
Ravenquest acquired AGB back in Q4 2017 which is an Edmonton based Late Stage Applicant with a 35,500 sq. ft. cultivation facility. Currently being retrofitted into more than 60,000 square feet production space.
The location has the ability to expand up to 200,000 sq ft for future growth and was designed with isolated grown rooms which are self sufficient using their latest technology.
This facility (when retrofit is complete) will have the ability to produce about 7,000 kilograms of cannabis per year. It will be fully operational by mid summer 2018.
This will make it one of the industry’s leading grams per square foot cultivation facilities.
2) R&D Partnership with McGill University
The Company also recently launched a landmark research agreement with McGill University to research yield enhancement and plant stabilization for their Orbital Garden System.
3) Binding LOI to acquire Bloomera
They recently announced their intent to purchase Markham ON based LP Bloomera for ~$30M ($15M cash and 10.4M Ravenquest Shares). Ravenquest announced that they are doing a Brokered Private Placement (to help fund this acquisition) raise up to $17.5 Million; $5M units (4 Millions shares @ $1.25 with 1/2 warrant at $1.50) and $12.5 Million Convertible Debt.
Bloomera has an operational 20,000 sq ft facility located 30 KM outside of Toronto and currently has the cultivation capacity to produce approximately 2,000 kilograms per year. This allows Ravenquest to accelerate their growth strategy and begin cultivation immediately.
(Pre Bloomera acquisition)
Upgrading both facilities (AGB and Bloomera), Ravenquest expects to increase annual production from these two facilities to 11,000 kilograms. They now have a foothold in Western and Eastern Canada and aim to executes on their objective to prudently build a national and ultimately global cannabis company.
Fortune Favours the Bold
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