VANCOUVER, British Columbia, June 22, 2018 (GLOBE NEWSWIRE) -- Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC), would like to congratulate the Government of Canada on the occasion of Bill C-45 receiving Royal Assent, legalizing the use of cannabis across Canada on October 17, 2018.
The Canadian government affirmed the findings of hundreds of advocates, experts and policy analysts by adopting an evidence and common sense based cannabis policy. Since the Le Dain Commission first recommended cannabis be decriminalized in 1972, and consistent with the conclusions of the Senate Special Committee on Illegal Drugs (2002), chaired by the late Conservative Senator Pierre Claude Nolin (which engaged in the most comprehensive study of cannabis policy in Canada), government study and task-forces have consistently recommended that cannabis should be legalized for recreational (social-use) purposes.
In no small part due to the vigorous defence of this bill in the Senate by Ministers Jody Wilson-Raybould (Justice), Ginette Petitpas Taylor (Health), and Ralph Goodale (Public Safety), along with parliamentary secretary Bill Blair, the government proved its commitment to changing policy and encouraging the creation and growth of a fully legal cannabis market in Canada.
Quadron extends its thanks to the Ministers, Secretaries and public servants such as Eric Costen (Director General, Cannabis Legalization and Regulation Secretariat, Government of Canada) across the nation who worked to make this new legislation a reality.
Over 95 years ago, cannabis was made illegal with no explanation. Since then, demonization and disinformation around cannabis kept it illegal, illicit and hidden. Today’s achievement will give millions of Canadians the liberty to choose for themselves. This sea-change would not be possible without the thousands of activists, advocates, industry members and courageous individuals who took a stand on this issue based on facts and evidence, not fear.
“After decades of work, we finally have begun a shift towards rational cannabis policy here in Canada. I personally want to thank the many people I’ve met and worked with, inside government and in the private sector. As a long-time advocate I often heard that I would never see legalization happen in my lifetime – and today, here we are. Together we all played a part in making this happen,” stated Quadron CEO Rosy Mondin. “Royal Assent on Bill C-45 is the beginning as we move to the legalization of the Canadian cannabis market. Congratulations to the House and Senate – and to this historic moment for Canada and for all Canadians.”
“Today marks the moment where the fun really starts,” said Leo Chamberland, President, Quadron. “It’s much easier to play when you have a clear set of rules. The sky’s the limit, and our team is already off the runway and in the air.”
Fully legal cannabis sales are expected to begin on October 17, 2018. Quadron is ready to ensure its customers have the extraction, processing and end-user accessory solutions they will need to meet their newly expanded market.
About Quadron: Quadron provides equipment, products and service solutions for the authorized cannabis industry by providing a full array of end-to-end extraction and processing solutions, including sales of end user delivery options (such as vapor pens) for medical and recreational consumers.
For more information, visit: www.quadroncannatech.com
On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
© 2018 GlobeNewswire, Inc. All Rights Reserved.