On August 1, 2017, Quadron Cannatech Corporation (CSE:QCC) signed a letter of intent (L.O.I) with Washington Based Lucid Labs, a technology development and licensing company developing and commercializing certain extraction and processing solutions for the cannabis industry.
Quadron is a strong player in the weed industry because of its design and production of cannabis extraction and processing equipment. It reflects the “Pick & Shovels Play”, similar to the 1848 California gold rush where the biggest profits were made – not by the gold miners – but by companies selling rope, pans and digging tools.
“Many cannabis growers do not have the equipment or expertise to deliver a highly consistent, branded, end product to their customers leaving a critical void in the market which Quadron aims to capture..
…Lucid Labs is an excellent strategic partner with a well-established footprint in the Western United States,” stated CEO and President of Quadron, Rosy Mondin.”
