RavenQuest BioMed and Cannabis Biocare formed a joint venture.

RavenQuest BioMed, one of Canada’s most innovative cannabis producers, and Cannabis Biocare, a cannabis company, formed a joint venture. The Joint Venture plans to initially build two cannabis cultivation facilities in Portugal, with an option for further expansion across Europe and beyond. Financial terms were not disclosed. Commenting on the deal, RavenQuest CEO, George Robinson, stated, “We are very pleased to enter into this Joint Venture. Europe is a huge marketplace with over 700m residents and a progressive attitude toward cannabis legalization. Many European nations already allow for medical cannabis consumption, with many more moving toward adult use legalization. Portugal is one of the most attractive of these nations, and an excellent fit to establish RavenQuest’s first European facilities.