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QUADRON CANNATECH CORP (CSE:GCC; OTC:QUDCF) Continued
Investing.com August 4 sentiment: BUY
- Announced that it has entered into a letter of intent with Lucid Labs, a Washington-based technology development and licensing company, to develop and commercialize certain extraction and processing solutions for the cannabis industry.
- Since April 20, reported orders for more than $500,000 of its cannabis oil vape pen units and cartridges. Their last update for orders was in early June.
- Added to the CSE Composite Index.
- Announced deploying mobile extraction units.
- Reported the completion of the R&D of its newly designed, proprietary automated Odor Elimination System (“OES”) designed specifically for the industrial cannabis industry. The company believes it is the first, and most efficient solution in the market to eliminate residual odors that remain after being filtered by industry standard carbon filtration systems.nnounced deploying mobile extraction units.
Impressive growing revenues, diversified, and with a relatively low market cap when compared to revenues.
QUINSAM CAPITAL CORP (CSE:QCA)
Investing.com August 4 sentiment: STRONG BUY
Quinsam is a relative newcomer to the legal cannabis space but has been around since March 2004 (per SEDAR).
According to their website:
Quinsam is a merchant bank based in Canada and operating internationally. Our merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. Quinsam invests its capital in assets, companies or projects which we believe are undervalued and where we have a viable plan for unlocking such value.
Why is this merchant bank appearing as part of a case study in CannaInvestor Magazine other than its impressive and growing revenues and relatively low market capitalization? This April 2017 news release is self-explanatory as Quinsam announced its intent to become a Cannabis focused specialty investor. Key highlights are as follows:
- Signed a definitive agreement to Acquire Prosnack Natural Foods Inc. Over the past four years, Prosnack’s revenues were approximately CAD$8M. Prosnack, with products found in major retailers across Canada, focuses on the development and