Medical Cannabis Grower Continue Expansion and invest in Heliospectra LED Lighting Solutions to Standardize Medicinal Profiles and Quality
(GOTHENBURG, Sweden/SAN FRANCISCO, CA, June 14, 2018 –
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces a new order from Medical 420 DOO, a state-of-the-art medicinal cannabis facility in Macedonia. The grower is rapidly scaling production and continues to standardize on Heliospectra LED lighting solutions. The order is valued at around 3 728 000 SEK ($432,643 USD).
“With Heliospectra we have been able to standardize our products to the highest quality while increasing yields. As the medical market is growing, our operations are expanding and we remain entirely committed to supplying our customers and patients with consistent medical products and effective treatments,” said Tony Gasovski, owner and founder of Medical 420.
The indoor controlled environment facility is currently equipped with Heliospectra Eos™ (formerly E60) series, the new order also implements Heliospectra’s intelligent Elixia™ (formerly LX60) series to add automation and continue to improve quality, accelerate harvest cycles and production cycles while delivering consistent yields.
“Medical 420 is achieving rapid, positive ROI with the simple, yet powerful Heliospectra solution,” said Ali Ahmadian, CEO of Heliospectra. He added, “We’re pleased to support the Medical 420 team in achieving consistently high-quality product profiles, harvest after harvest.”
The order will ship and be visible in the accounts during Q3 and Q4.
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | [email protected]
Redeye is Heliospectra Certified Advisor for Nasdaq First North - www.redeye.se
Heliospectra AB (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is the global leader in intelligent lighting technology, light control systems and related services for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, Heliospectra integrates customized LED spectral strategies with real-time response and artificial intelligence to create predictable and reliable business forecasts and harvest results. Founded in 2006, Heliospectra is committed to helping growers and commercial producers across six continents consistently increase yields and produce crops with quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Heliospectra is the recipient of multiple international awards and recognitions. 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 08:50 CEST / 1:50 AM CDT on June 14th 2018.