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Is Ravenquest Biomed Inc (OTCMKTS:RVVQF) the New Pot Stock Du Jour?

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One thing we can assume most traders are looking for right now is the new flavor of the day in the cannabis space, and Ravenquest Biomed Inc (OTCMKTS:RVVQF) is putting it its application. The company just announced that it has retained Link Media LLC to provide communications and market awareness services aimed at maintaining and building the profile of the Company among existing and potential shareholders.

According to the release, “Link Media will arrange and disseminate independent third-party research articles. The Company will retain editorial control of any materials that are published to ensure that information is consistent with the Company’s public disclosure filings.”

Ravenquest Biomed Inc (OTCMKTS:RVVQF) is a cannabis company that focuses on cannabis production, management services and consulting, and specialized research and development activities.

The company was formerly known as Ravencrest Resources Inc. and changed its name to Ravenquest Biomed Inc. in September 2017. Ravenquest Biomed Inc. was incorporated in 1987 and is based in Vancouver, Canada.

Moreover, RavenQuest BioMed Inc. is a diversified publicly traded cannabis company with divisions focused upon cannabis production, management services & consulting and specialized research & development.

Ravenquest Biomed Inc (OTCMKTS:RVVQF) pulled in sales of $172K in its last reported quarterly financials, representing top line growth of -72%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($1.4M against $2.4M, respectively).

In its own words, 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 Montreal’s McGill University focused upon cultivar (strain) recognition, plant stabilization and yield maximization of the cannabis plant. The Company focuses on partnerships with Indigenous communities.

 

Don’t Get Burnt

Ravenquest Biomed Inc (OTCMKTS:RVVQF) has seen 43% tacked on to share pricing for the company in the past month, a rally that has pushed up against longer standing distributive pressure in the stock. However, RVVQF has a track record that includes a number of dramatic bounces. Shares of the stock have powered higher over the past week, rallying roughly 20% in that time on strong overall action. What’s more, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running greater than 200% beyond its prior sustained average level.

But the steady, almost unnatural nature of the bid is reminiscent of other OTC stocks we have seen over the years that eventually created quite a few bag holders. Just a word to the wise.

As we noted earlier, the company just announced that it has retained Link Media LLC to provide communications and market awareness services aimed at maintaining and building the profile of the Company among existing and potential shareholders.

“Our organization recognizes the importance of sharing our unique story with the investing public throughout the United States and has engaged Link Media to this end.  We are committed to sharing information about our Company in a factual, prudent and realistic manner which is consistent with our in-house corporate messaging.  It’s important for us to remain transparent in our marketing activities and ensure any third-party medium delivers our message in an appropriate manner.  We will do just that for the duration of our engagement with Link Media,” said George Robinson, CEO of the Company.

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Trading Symbol

OTC: MJMD

The Next Big Global Cannabis Trade




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Trading Symbol

OTC: MJMD

The Next Big Global Cannabis Play