Quadron Cannatech announced a letter of intent with Lucid Labs to develop and commercialize certain extraction and processing solutions for the cannabis industry.
Quadron Cannatech (CSE:QCC) announced a letter of intent with Lucid Labs to develop and commercialize certain extraction and processing solutions for the cannabis industry.
As quoted in the press release:
Additionally, Lucid Labs will also become a preferred sales agent in the Western United States for all processing systems and solutions offered by Quadron.
Pursuant to the agreement, Lucid Labs will have access to and be able to sell, through a commission sales structure, any of Quadron’s current suite of equipment/products, specifically designed for the cannabis industry.
Additionally, Quadron and Lucid Labs will be co-developing four (4) new processing systems for commercial release to the North American cannabis industry. The development and commercialization of these systems will add to Quadron’s current suite of products, which are quickly establishing Quadron as an industry leader in designing and developing turnkey, state-of-the-art extraction equipment and processing solutions.