Vancouver BC / NEWSWIRE / August 14, 2019 /CNW/ - Agrios Global Holdings Ltd. (CSE: AGRO) (OTCQB: AGGHF) (FSE: ØSA - WKN-A2N62K) ("Agrios" or the "Company") is pleased to provide an update on its data driven aeroponics platform.
Arable soil scarcity, climate change and higher recurrence of extreme weather events are prompting a shift from outdoor to indoor farming which has eco sustainable methods and less environmental impact. According to GBC, an independent research firm, Agrios, a developer of disruptive technology in the field of agri-tech, is “entering a growth phase” as the global need for agri-tech innovations to support eco-sustainable agronomy increases.
Agrios’ data-driven aeroponic technology can be used for any type of indoor cultivation. The Company’s aeroponic cultivation facilities are equipped with high precision sensors collecting actionable data on 32 key cultivation metrics. Real time data is sent to Agrios’ proprietary software, where data analytics allow for precision cultivation, enabling control of numerous variables, including but not limited to, temperature, humidity, lighting, air quality, water, and nutrients.
Agrios’ state-of-the-art aeroponic technologies are an attractive solution for the cannabis cultivation industry as cannabis requires specific conditions to grow well and cultivators must ensure these conditions are optimized. Aeroponics greatly reduces the uncertainty of the growing process and makes the duplication of results from one growth cycle to the next one possible.
A major factor in the production of cannabis is the cost of production and achieving consistent product quality. The table below provides an overview of the costs of several cultivation methods. While the cost to produce is lower in an outdoor grow facility, producers are limited to cultivating between one to two crops annually, where Agrios’ aeroponic cultivation clients can harvest an average of five times per annum.
Cultivation Cycles and Costs Per Gram
Comparatively, growers that use Agrios’ indoor aeroponic platform can produce premium quality flower for approximately $1.00 per gram, with higher yields of between 2.5 and 4.0 kilograms per m² annually, nearly five times that of greenhouse yields and ten times that of outdoor yields.
“Agrios’ data-driven aeroponics platform is highly advantageous to cannabis cultivators, as it substantially lowers operating costs in the areas of energy, labor, nutrient and water consumption, enabling our clients to remain competitive in today’s cannabis market.” said Chris Kennedy, President & CEO of Agrios Global Holdings.
Please visit www.agriosglobal.com/research/ to request a copy of the full GBC analytical report.
About Agrios Global Holdings Ltd.
Agrios Global Holdings is a data analytics driven agriculture technology and services company advancing the latest innovations in indoor growing science. The Company owns, leases and manages properties and equipment for eco-sustainable agronomy and provides advisory services to support all aspects of aeroponic cultivation in the cannabis sector. Agrios is actively pursuing new opportunities to expand its portfolio of tenant growers and infrastructure assets in strategic licensed jurisdictions. Based in Vancouver, BC. Agrios is managed by a highly accomplished team of experienced industry and capital markets experts who are committed to the growth of the company.
This news release was prepared by management of Agrios, which takes full responsibility for its contents. The Canadian Securities Exchange ("CSE") has not reviewed and does not accept responsibility for the adequacy of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Agrios' periodic filings with Canadian securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements related to corporate strategy and Agrios’ ability to execute such strategy, future developments regarding Agrios’ expansion into various markets including numerous states within the United States of America, and into Asia, expected costs of hemp fiber, intended development and sales of hemp products, market demand for hemp products, and the business and operations of Agrios as it relates to the Yunnan ProvinceAlthough Agrios has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US Federal laws; change in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Because of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Agrios disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Agrios does not assume any liability for disclosure relating to any other company mentioned herein.