Indoor Harvest Corp. (OTCQB:INQD) announced initial results of the technical pilot for the Company’s aeroponic system and the next steps in the ongoing Cannabis Production Pilot Project with Tweed (through its parent company, Canopy Growth Corporation, formerly Tweed Marijuana). Indoor Harvest’s patent pending aeroponic system indicated a significant increase in growth rate during the vegetative stage, and fertilizer usage was reduced by as much as 68% with the system averaging 8 gallons a day under high pressure sodium and 9 gallons a day under LED. Indoor Harvest also reported that it is now providing specifications and costs to build an economic pilot — 1,700 sq.ft. of aeroponic production space at the Tweed facility in Smiths Falls, Ontario.
As quoted in the press release:

The initial aeroponic Pilot Project took place between March and August 2015. A sativa dominant strain, Ghost Train Haze, was selected and 8 plants were grown in a 4′ X 8′ X 2′ system using a “Screen of Green” cultivation method, in which plants are cropped and trained to produce a higher yield from a single plant. The Company’s patent pending aeroponic system showed a significant increase in growth rate during the vegetative stage, as compared to more traditional production methods such as drip irrigation using coco.
Fertilizer usage was reduced by as much as 68% with the system averaging 8 gallons a day under high pressure sodium and 9 gallons a day under LED, operating drain to waste. As tuning of the system progressed, average water use was reduced to approximately 5 gallons per day drain to waste. The Company believes that through additional tuning, more water savings for drain to waste and under recirculated operation can be achieved, and water use could be reduced by as much as 98% overall. Under 2,000 watts of high-pressure sodium lighting, the aeroponic system produced 3.1 pounds of dried flowers and under 1,040 watts of LED lighting produced 2.8 pounds of dried flowers in its initial test. The Company believes that with additional tuning, yield can be increased.
… On September 28, 2015, the Company and Tweed mutually agreed to extend collaborative research and development for an additional two years. The Company is now in the process of providing specifications and costs to build out 1,700 sq.ft. of aeroponic production space at the Tweed facility in Smiths Falls for the purpose of an economic pilot. As part of the design build process, the Company will be incorporating prototype testing of our advanced racking system with integrated proprietary HVAC and LED lighting systems that incorporate the Company’s patent pending aeroponic process.


Indoor Harvest CEO, Chad Sykes, said:

“According to MJCharts.com, Ghost Train Haze sells at a nationwide average of approximately $15.70 per gram in the United States. Under LED lighting, in a system that has not been fully tuned, that would be over $19,000 worth of what is considered in the industry as a premium grade medical product in one harvest, produced on our $8,500 system that can be used by anyone who has the legal right to use our system to grow the product.”

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

To join the Aurora class action, go to http://www.rosenlegal.com/cases-register-1965.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Aurora Cannabis Inc. (NYSE: ACB) from February 13, 2020 through September 4, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Aurora Cannabis Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.

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Also this week it was shown the sales of Canadian cannabis edible products may be stalling, according to new data.

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The Portnoy Law Firm advises investors that class action lawsuits have been filed on behalf of investors in the following publicly traded companies. Shareholders interested in taking an active role in these cases have until the deadlines indicated below to petition the court. There is no cost or obligation to you. See below for more information on these cases.

Credit Acceptance Corporation investors (NASDAQ: CACC); December 1, 2020 deadline, click here to join .

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