Recent growth in the legal cannabis market has been significant.

More countries are adopting cannabis-friendly regulations, creating a large market of potential users. In turn, this has created demand for state-of-the-art cultivation technologies to produce high-quality, high-yield cannabis crops. According to Statista, the global cannabis market is expected to reach US$63.5 billion by 2024. Within Canada, consumers are expected to spend C$7 billion in 2019, and over 1.5 million new customers are expected to be added to the market. The “green rush” has led to increased revenues throughout the supply chain, but more specifically in cannabis cultivation.

As an agriculture technology company, Water Ways Technologies (TSXV:WWT) provides water irrigation solutions to small- and medium-sized farmers and legal cannabis cultivators across the globe. To date, the company has designed, supplied and installed irrigation systems in China, Mexico, Ethiopia, Georgia, Laos, Peru and Uzbekistan, among others.

Water Ways generates revenue in two ways: turnkey projects and irrigation equipment. Traditionally, the company sells its irrigation equipment to third-party suppliers. With the company’s recent acquisition of Heartnut Grove, it can now sell its products directly to consumers in Canada’s agricultural community.

Water Ways Tech has also recently launched its internet of things (IoT) controlled irrigation and fertilization system, CANNAWays, to meet the needs of cannabis growers and cultivators worldwide. The system is designed to increase yield and consistency while maintaining the industry’s high-quality product requirements. CANNAWays is also able to help cultivators reduce energy, water and fertilizer costs.

CANNAWays contains a hydroponic system that maximizes the plant’s nutritional absorption as well as systems that fully monitor and control the administration of plant nutrition throughout the different growing stages. The system also contains a fertilizing mechanism comprised of raw fertilizer tanks, dosing pumps, drainage, filtration and water recycling systems. Central to the technology is the IoT control gateway, which allows growers to make informed decisions and control the entire system from their mobile devices.

The following infographic, sponsored by Water Ways Tech, is designed to educate investors about cannabis cultivation processes and the associated technologies.

Cultivating CannabisCultivating CannabisCultivating CannabisCultivating CannabisCultivating CannabisCultivating CannabisCultivating Cannabis

This infographic was created according to INN editorial standards to educate investors.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

An Emerging Markets Sponsored Commentary

A report just released in early April confirms that the cannabis beverage sector is thriving. According to this report from industry stalwart, Marijuana Business Daily while sales for vapes, pre-rolls and flower were lackluster, cannabis beverages shined:

Keep reading... Show less

BevCanna Enterprises (CSE:BEV,OTCQQ:BVNNF,FWB:7BC) CEO Marcello Leone shared how the company is scaling up its products to forge partnerships and explore opportunities across Canada, the US and Western Europe. 

“Getting your standard processing license and being fully compliant at a federal level is critical in Canada, and we were successful in getting that done. Now we’re getting ready to launch our Keef line of beverages within the next 45 days,” Leone said. 

As a young company, Leone said BevCanna has only started, but it took a four-pronged approach to make sure that it is a revenue-generating company prepared for the opening of many jurisdictions for CBD-based products.

“We are blessed that we have a beautiful infrastructure of our own, a state-of-the-art bottling facility with a capacity of almost 200 million bottles per annum and a strong balance sheet of $55 million. We are in a strong position to scale and grow this company.”

BevCanna has received a Standard Processing License from Health Canada and is now fully authorized to begin production at its full-service, high-capacity beverage manufacturing facility. The company will begin production of its white-label products, number one US cannabis beverage brand Keef and its in-house beverages through licensed Canadian retailers, positioning the company to fully capitalize on the burgeoning Canadian cannabis-infused beverage sector.

Watch the full interview with CEO Marcello Leone above.

Keep reading... Show less

BioHarvest Sciences (CSE: BHSC) will be presenting at the Benzinga Cleantech Small Cap Conference taking place on April 22, 2021. We invite our shareholders and all interested parties to explore cleantech small cap investment opportunities through two days of networking, dealmaking and discovery.

Sign up to get a free spectator pass for the event:

Keep reading... Show less

Positive distributor feedback and strong consumer interest accelerating launch with distributors

Emerging leader in innovative health and wellness beverages and products, BevCanna Enterprises Inc. ( CSE:BEV , Q:BVNNF , FSE:7BC ) (“ BevCanna ” or the “ Company ”) announces today that its wholly-owned subsidiary Naturo Group has successfully completed its initial shipment of TRACE plant-based products to one of Japan’s largest beverage distributors.

Keep reading... Show less

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or the “Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced an additional refreshment of its board of directors to further strengthen its leadership in the cannabis industry.

Keep reading... Show less