Fort McMurray First Nation #468 Signs MOU with RavenQuest
Author(s): Scott Douglas Jacobsen
Publication (Outlet/Website): Canadian Students for Sensible Drug Policy
Publication Date (yyyy/mm/dd): 2018/03/19
RavenQuest signed an MOU with Fort McMurray #468 First Nation. Ravenquest BioMed Inc. signed a Memorandum of Understanding with Fort McMurray #468 First Nation or FM 468.
The MOU is the basis for the collaboration in the creation, maintenance, and financing of a facility for the production of cannabis lands to be controlled by FM 468.
The sales of the produced cannabis will be on the sovereign land. RavenQuest will provide technical expertise, resources for the staff, and financial opportunities relation to the production facility with an initial size of 24,000 square feet.
RavenQuest will receive about thirty percent ownership interest in the production facility. The original development, over time, will grow from 24,000 square feet to 250,000 square feet.
“We intend to emerge as the trusted provider of choice for Indigenous Peoples’ Cannabis industry partnerships across Canada. Our work in this area reflects a high level of understanding of the concerns and issues facing Indigenous communities across Canada,” he CEO of RavenQuest, George Robinson, said, “With the right partners, we see cannabis as a tremendous opportunity for economic diversification, self-reliance, employment and harm reduction within Indigenous communities. This agreement is designed to deliver on all of these fronts, providing for a mutually beneficial arrangement for FM 468 and RavenQuest moving forward.”
Chief Ron Kreutzer stated: “By participating in the cannabis sector, it will allow Fort McMurray #468 First Nation to take one step closer to being a self-sufficient Nation for the next seven generations and providing world-class services to the Citizens.”
References
Nasdaq Global Newswire. (2018, March 19). RavenQuest Signs MOU With Fort McMurray #468 First Nation. Retrieved from https://globenewswire.com/news
release/2018/03/19/1441816/0/en/RavenQuest-Signs-MOU-With-Fort-McMurray-468-First Nation.html.
License
In-Sight Publishing by Scott Douglas Jacobsen is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. Based on a work at www.in-sightjournal.com.
Copyright
© Scott Douglas Jacobsen and In-Sight Publishing 2012-2022. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Scott Douglas Jacobsen and In-Sight Publishing with appropriate and specific direction to the original content. All interviewees and authors co-copyright their material and may disseminate for their independent purposes.
In-Sight Publishing 