Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouses and controlled farming environments, announces a new order from a licensed producer of cannabis in Ontario, Canada. Heliospectra’s value-added reseller AcquiFlow secured the market-leading lighting solutions for the business leader in Canada’s evolving cannabis landscape. The order value is 524 307 SEK (USD $63,547).
The Canadian cultivation team partnered with AcquiFlow, a prominent systems integrator headquartered in McKinney, Texas, to evaluate and select the Heliospectra adjustable, full spectrum LX50 series LED grow lights.
“As demand continues to grow in the Canadian market, licensed producers and cannabis cultivation experts understand that production of highest-quality crops is of utmost importance as facilities scale,” said Ali Ahmadian, CEO of Heliospectra. “Forward-thinking industry leaders recognize the positive impact that data-driven decisions, full spectrum LED lights and dynamic, real-time light controls will have on operations and business performance.”
Heliospectra’s high voltage LX50 LED grow lights and HelioCORE™ software controls create clear business advantages for cannabis cultivation teams. The adjustable full spectrum LED technology enables growers to accelerate harvest and production cycles while delivering consistent yields.
The order will be shipped and visible in accounts in first quarter 2018.
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | [email protected]
Redeye is Heliospectra Certified Advisor for Nasdaq First North - www.redeye.se
AcquiFlow is a recognized partner in cannabis technology solutions, consulting and turn-key integration systems for cultivation facilities, providing a deep understanding of resources and business needs to create custom installations and support solutions. Learn more at www.acquiflow.com.
Heliospectra AB (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is the industry’s most proven intelligent lighting technology for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, growers and commercial producers across six continents use Heliospectra holistic and flexible solutions to consistently increase yields while producing crops that achieve quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Founded in 2006 and winner of multiple international awards and recognitions, Heliospectra has raised more than $32 million in capital to date. As a publicly traded company, the majority ownership remains with some of Heliospectra earliest investors Weland Steel, Swedish Industrial Fund and Midroc New Technology. For more information, please visit https://www.heliospectra.com.
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
This information is information that Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.45 CEST / 8.45 AM EDT on March 8, 2018.