2020-01-10 10:55 ET - News Release

Mr. George Robinson reports

RAVENQUEST STRENGTHENS CANNABIS TECHNOLOGY OFFERING WITH ACQUISITION OF DIGIGRO

Ravenquest Biomed Inc. has acquired Digigro, a ground-breaking digital platform providing home growers access to best-in-class cultivation knowledge and techniques.

Digigro will connect the home grower of personal-use cannabis to artificial-intelligence-based knowledge of the best-in-class cultivation techniques and supplies at no charge. Using a single platform, the app will assemble data collected from home growers and will thereupon provide information that will allow them to produce the best cannabis with the fewest negative outcomes.

The grower will provide the input data by selecting their preferred cultivar and the app will subsequently offer relevant information for optimal growing conditions, such as preferred nutrients, substrates, ideal feeding cycles and optimal lighting conditions.

Currently, consumers do not have the luxury of a single, reliable resource that assists them with the rewarding but often challenging experience of home-growing cannabis. Digigro will be the answer to this need.

Digigro will be commercialized by allowing the purchase of advertisement space by product vendors and suppliers as well as a future e-commerce platform for the direct shipment of various products from vendor to home grower.

Ravenquest chief executive officer George Robinson commented: "As we transition to a technology-focused company, this will provide a new source of revenue. As we move toward a broader and more diversified revenue model, this transaction makes excellent sense as our company drives cannabis-related revenue outside of simply plant or extract sales."

About Ravenquest Biomed Inc.

Ravenquest is a diversified cannabis company with divisions focused upon cannabis production, management services and consulting, and specialized research and development. Ravenquest is a licensed producer with facilities located in Markham, Ont., and Edmonton, Alta.

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