Heliospectra Lands a Large New Client in Las Vegas
July 17th, 2015
News, Top Story
Heliospectra AB [stockquote symbol=HLSPY] (FN: HELIO), a world leader in intelligent lighting solutions for plant research and greenhouse cultivation, recently announced that it has sold one of the largest LED cultivation installations in the world to a Las Vegas, Nevada cannabis licensee in conjunction with American Cannabis Company Inc. [stockquote symbol=AMMJ], a full-service cannabis consultant and solutions provider.
“Not only is this our largest deal to date, it is one of the largest indoor, horticultural LED installations in the world,” said Heliospectra AB CEO Staffan Hillberg. “This operator represents the culmination of hard work – from our product engineering to American Cannabis’s facility design. Like so many of the lamp trials that we currently have underway, this operator did their due diligence – they spent the time needed to learn about Heliospectra and our product.”
Phase I of the contract represents over $672,000 in revenue for Heliospectra and is expected to be installed during the fourth quarter of the year. In partnership with American Cannabis, the three companies are developing a cutting-edge facility that delivers high quality product at a lower cost with a sustainable carbon footprint. Additional steps down the road could lead to more revenue opportunities for all parties involved.
Growers are becoming increasingly aware of the shortcomings of archaic HID/HPS lighting and wasteful HVAC systems, which can quickly eat into operating costs over the long-run. By taking steps to implement the latest new technologies, such as those offered by Heliospectra and American Cannabis, these growers can avoid these long-term costs in exchange for a reasonably priced short-term investment that pays off over time.
Shares of Heliospectra AB were unchanged following the news release.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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