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. Ravenquest Biomed Inc. (CNSX:RQB) cancelled the acquisition of 51% stake in 1 Life Cannabis Corporation on January 3, 2020.