SEATTLE, June 13, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, today announced publication of an article covering Quadron Cannatech Corp. (CSE:QCC) (CSE:QCC.CN) (CNSX:QCC). The company is a Vancouver-based provider of equipment, products and service solutions for the authorized cannabis industry, providing a full array of end-to-end extraction and processing solutions, including sales of end user delivery options (such as vapor pens) for medical and recreational consumers. With a growing product portfolio, the company is uniquely positioned to capitalize on this growing demand over the coming years.

There’s little doubt that cannabis extracts account for a growing percentage of the North American cannabis market. In Canada, extracts accounted for about 60 percent of all cannabis sales, as of the third quarter of last year (the latest data available). In the U.S., cannabis extracts have become increasingly popular in California, Nevada, and other markets where consumers are looking for alternatives to smoking cannabis.

Growing Market for Extracts

Canada’s cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of recreational cannabis use this summer. While cannabis flower characterized the market in the early years, cannabis extracts have become increasingly popular and eclipsed cannabis flower sales this year. These products are commonly used in vaporizers or edible products that may be more accessible to consumers.

According to Health Canada, cannabis extract sales rose from about 50 percent of total cannabis sales in the first quarter to about 60 percent of sales by the third quarter of last year (the latest data available). Cannabis oil inventories were also much thinner than cannabis flower - 11,140 kg versus 38,927 kg - which suggests that cannabis extract pricing could be more favorable and consumer demand may have been higher than expected.

Quadron provides turn key cannabis extraction equipment and processing solutions, as well as consumer products (such as vape pens), to licensed cannabis producers. Its flagship BOSS supercritical C02 extraction system combines proprietary max flow technology and advanced thermodynamics, automate features, and an exclusive plug and play design to create an industry-leading solution.

Over the past few quarters, the company has seen growing demand for its BOSS CO2 Extraction System and is co-developing several new pieces of equipment for commercial release into the North American market in conjunction with Washington-based Lucid Labs. This equipment includes an automated ethanol extraction system, advanced filtration system, distillation system, and an automated hydrocarbon extraction unit.

Quadron Places First Mobile Unit

Quadron recently announced the sale of its first mobile extraction module to TLC Botanicals. The First Nation holistic family-owned company is working with both First Nation’s and conventional patients to provide medical cannabis to patients under Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). The company plans on providing these products through its subsidiary, Shamans First Choice dispensary.

“It was a pleasure working alongside the Quadron team in the purchase of our new extraction unit,” said TLC Botanicals General Manager Dave Campbell in the press release announcing the deal. “The professionalism they showed us was evident as they took our customized order and made the necessary adjustments to maximize the production levels we require. We look forward to future dealings with Quadron and its great team.”

“Through innovative engineering, and by leveraging our extraction and processing knowledge and expertise, we’ve designed a turn-key, drop in place, fully-functioning extraction environment,” said Quadron CEO Rosy Mondin. “The end result is a processing solution that serves a growing demand within the cannabis industry, enabling participants to process plants for terpenes and other cannabis compounds in a safe and professional setting.”

Looking Ahead

Quadron Cannatech Corp. (CSE:QCC) represents a compelling investment opportunity within the global cannabis industry. With extracts quickly becoming the most popular form of cannabis, the company’s innovative BOSS CO2 Extraction System continues to see strong demand from clients in Canada and around the world. The sale of its first mobile extraction unit marks a further expansion into the market.

For more information, visit the company’s website or download their investor presentation.

Please follow the link to read the full article: http://www.cannabisfn.com/quadron-cannatech-expands-products-capitalize-extracts/

About CFN Media

CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

Frank Lane
206-369-7050
Flane@cannabisfn.com