Ravenquest Biomed Inc. (CNSX:RQB) agreed to acquire 51% stake in 1 Life Cannabis Corporation for $1 on January 3, 2019. This interest can be redeemed by 1 Life at any time after it receives a license to produce under the Cannabis Act, and in consideration RavenQuest will be granted an ongoing royalty of 15% of the gross revenue from production at 1 Life. 1 Life will use RavenQuest's 24,000 square foot facility design which will become part of a license extension from RavenQuest's Health Canada license. The transaction is subject to completion of due diligence, the negotiation of definitive documentation and the receipt of any required regulatory approvals.