RavenQuest Awarded its First Cannabis Sales License from Health Canada

VANCOUVER, British Columbia, May 03, 2019 (GLOBE NEWSWIRE) -- RavenQuest BioMed Inc. (CSE: RQB OTCQB: RVVQF Frankfurt: 1IT) (the "Company" or "RavenQuest") a federally-licensed producer of cannabis, is pleased to announce it has secured a Health Canada sales license at the Company's Markham facility, also known as "Bloomera Inc." The license allows RavenQuest to commence sales of both medical and recreational cannabis nationwide.

Importantly, the license allows RavenQuest to route production from both its Markham and Edmonton facilities through Markham, effectively allowing all RavenQuest production to be sold through the Markham sales license.

"This is a major milestone for our company and is a testament to the hard work and dedication of our team," stated George Robinson, RavenQuest CEO. "It marks the beginning of our recreational cannabis presence as we roll out our branded product line, Lore Cannabistm. RavenQuest's brand will stand on the solid foundation of science and innovation. Our focus on the plant allows for consistent, repeatable and high-quality cannabis from our disruptive Orbital Gardens."

"We've been preparing for this day and have maintained an active dialogue with provincial wholesalers. This license opens the door for the next logical step of finalizing supply agreements with provincial wholesalers as well as the pursuit of European sales. Both our Edmonton and Markham facilities are built to European Good Manufacturing Practices (EU GMP) specification, and we are working vigorously toward that certification for both facilities. It's an exciting time at RavenQuest as our company enters a new era ? reaping the rewards of the research, investment and hard work of the past 18 months as we built the foundation for what is now a fully licensed and operational cannabis company," Robinson continued.

For more information, access RavenQuest's investor presentation, fact sheet and videos here.

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About RavenQuest BioMed Inc.

RavenQuest BioMed Inc. is a diversified publicly traded cannabis company with divisions focused upon cannabis production, management services & consulting and specialized research & development. RavenQuest is a licensed producer with facilities located in Markham, Ontario and Edmonton, Alberta.

RavenQuest maintains a research partnership with McGill University focused upon cultivar (strain) recognition, plant stabilization and yield maximization of the cannabis plant. The Company focuses on partnerships with Indigenous communities.

On Behalf of the Board of Directors of
RAVENQUEST BIOMED INC.

"George Robinson"
Chief Executive Officer

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