Efficient Operations and Attention to Sustainability Set RavenQuest Apart from the Competition
RavenQuest BioMed Inc (CNSX:RQB) (OTCMKTS:RVVQF) (FRA:1IT) is the company that has pioneered the ‘orbital gardens’ technique to grow cannabis plants in cylindrical pods. As many as 280 plants can grow in an individual orbital garden. The orbital garden technology allows growers to maximize plant yield, establish a high degree of consistency, and reduce operational costs. In a much smaller space than its competitors, RavenQuest expects to produce cannabis at a rate of some 7,000-8,000 kg per year at its 35,000 square-foot headquarters in Edmonton, Alberta. That’s double or triple the industry average for a facility of its size, and it comes at a fraction of the cost by using 65% less electricity, 90% less nutrients while dripping zero water to waste. Moreover when you add in production from its facility in Markham, Ontario, RavenQuest aims to produce over 10,000 kg of cannabis in 2020.
While the cannabis legalization process evolves and distribution networks mature, RavenQuest has focused on achieving superior economies of scale. Indeed, not only are its cannabis growing methodologies cost-effective, they operate with minimal human supervision. It takes under a dozen people to run each facility, two of whom control the orbital gardens remotely from outside the grow rooms. And the efficiency extends throughout the organization. The hiring process has been strategic; it has focused on quality rather than the quantity such that there are only 35 employees in the entire organization. Thanks to its lean structure and the benefits of automation, RavenQuest can count on superior productivity. It will only take a ramp-up to 200-300 kg of cannabis production per month to achieve profitability and deliver earnings.
There’s an additional aspect that allows RavenQuest to stand out in the emerging cannabis industry: Sustainable and planet-friendly cannabis production.
Sustainability is not an abstract concept, or a luxury for companies to brandish in the hopes of appealing to society’s increasing interest in environmentalism and ‘green’ operations. A sustainability plan also serves as a tool that, if properly formulated and used, can allow a business to both respect the environment and increase profitability. Consumers are increasingly choosing to buy products that show evidence of environmental responsibility.
Simply put, a company that pursues a sustainable approach can justifiably boast it has superior management from both a profitability anda social responsibility perspective.
In real time, RavenQuest is showing the cannabis world how sustainability need not cause operational costs to increase. For example, consider how RavenQuest packages its products. Noting consumer feedback to the provincial wholesalers about the amount of unnecessary packaging used on finished cannabis goods, RavenQuest has decided to use a unique biodegradable pouch for its cannabis. Not only do the pouches contribute to ease of use, but they also reduce the amount of single-use plastics, boosting product appeal. As the Federal Government starts to restrict the use of plastic containers, RavenQuest will not have to redesign its packaging. And the orbital garden technology allows for significant cost savings compared to the typically resource-intensive traditional flat-table cannabis operations.
The relentless attention to efficiency and sustainability represents one of the critical long-term investment arguments in favor of RavenQuest.
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