Cannabis Pushes Advancement in Agritech
POINT ROBERTS, Wash. and DELTA, British Columbia, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot focusing on the new agritech wave of innovation in the cannabis sector.
Since the passage of the Farm Bill late last year, the development and distribution of CBD and hemp products nationwide has greatly expanded, creating a need for new agricultural technologies.
EnviroTechnologies International, Inc. (OTC: ETII), a company that develops and markets green, natural and organic products, recently confirmed that it is preparing to introduce its patent pending water treatment technology to licensed cannabis growers in the northwest. The EO Machines will help eliminate growth-impeding pathogens and stimulate harvest yields.
“What hasn’t been covered as much is the potential and existence of fungal and contaminants that are prevalent in nearly all phases of plant growth, harvest, and post-harvest product processing of hemp and cannabis,” said Gaylord Karren, ETI’s President.
ETII also recentlyreported their estimated 2018 revenues and first quarter equipment orders under contract. “During this last month, we have received great interest in our EO Equipment and have signed more purchase orders,” said Randall Waters, ETI’s Vice President, Sales & Marketing. “First quarter, 2019 revenues will be approximately $605,000 and contracts for second quarter, 2019 are expected to be $885,000.”
“We are particularly excited about the acceptance of our EO Machines and equipment in the agriculture world - with the apple farms in the northwest and the emerging CBD, cannabis industry,” said Waters. “There are literally thousands of apple, cannabis and fruit farmers in the US that will benefit greatly from our proprietary technology, which will help them retain a much greater crop harvest and achieve higher yields by sanitizing their crops and eliminating dangerous and yield-stunting fungal and bacteria, particularly in the CBD, hemp and cannabis farming.”
Cannassure Therapeutics (TASE: CSURE), a subsidiary of Solbar Food Technologies Ltd., a 57 year-old producer of plant based raw materials and solutions for the food and food additives industries, went a different route with the recent announcement of its collaboration with Cannika Holdings, an agritech incubator specializing in cannabis innovation.
Nir Peles, Interim Chairman of Cannassure commented: “We are delighted about this collaboration with Cannika. We are committed to medical cannabis innovation for the purpose of enhancing treatment and improving the quality of life of people worldwide with medical cannabis products. Having a cannabis technological incubator on our campus is directly in line with our strategy, activity and goals. Cannika’s leadership team has extensive knowledge and experience in the fields of agritech, science, and business development which gives them the ability to support early stage, cannabis initiatives and fast track their path to successful commercialization.”
Valens GroWorks Corp. (CSE: VGW) (OTC: VGWCF), a multi-licensed, vertically integrated provider of cannabis products and services focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing, announced that it has entered into a multi-year extraction services agreement with Organigram Inc. (TSXV: OGI) (OTC: OGRMF) for cannabis and hemp extraction services.
Valens subsidiary, Valens Agritech (VAL) holds a license to cultivate cannabis and produce cannabis oil under the Cannabis Act, as well as a license to conduct analytical testing for the cannabis industry and currently has extraction processing and supply agreements with other leading producers across Canada
“Looking ahead to another year of unprecedented firsts in the national and global cannabis industries, our growth strategy is aggressive,” says Greg Engel, CEO, Organigram. “A key element of that success is partnerships with companies like Valens who can offer the capacity, quality and expertise to help ensure we deliver on our ongoing commitment to meeting the increasing demand of the global medical and adult recreational cannabis markets.”
VAL also has a supply agreement with Canopy Growth Corporation under their extensive CraftGrow distribution network. Canopy announced in December 2018 that it had entered into a multi-year extraction agreement with Valens GroWorks Corp.
The US agriculture industry suffered years of stagnation under the crop monopoly of corn, but perhaps hemp and eventually cannabis, will allow companies like EnviroTechnologies International (OTC: ETII) and Valens to create a new era of agriculture and bring advanced technology to the US Farmer, improving yield, efficiency, and profitability.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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