"Quest operates in all 50 states and provides custom, innovative
waste management solutions to a wide range of industries," said
Micron President Alfred
Wong. "With its strong market positioning, Quest will
help accelerate the entry of Micron's leading cannabis waste
management technology into the U.S. and capitalize on the expanding
American cannabis cultivation market."
"Quest strives to provide our customers with the most effective
waste minimization solutions," said Ray Hatch, Quest's Chief Executive Officer.
"We are pleased to offer U.S. cannabis growers a solution that not only safely
treats cannabis waste on-site, but also removes the contaminants
and active pharmaceutical compounds from the effluent water.
In addition, growers seeking to minimize their operations' water
footprint will be able to recycle and reclaim the purified water
for their operations."
The U.S. cannabis industry is rapidly growing, with retail sales
projected to reach an estimated $5.1
- $6.1 billion dollars in 2018. By
2020, overall retail sales are projected to reach between
$11.9 and $17.1 billion dollars, with $47 billion in sales projected within a decade.
The Micron-Quest partnership offers cannabis growers a
regulatory-compliant, environmentally-sound alterative to process
the production by-product - thousands of tons of
pharmaceutical-laden cannabis waste.
The Micron Cannavore was designed to meet the specifications of
Aurora Cannabis Inc. ("Aurora")(TSX:ACB), per a collaboration
announced in December 2017, for a
clean technology solution to process organic waste generated from
the growth and cultivation of cannabis, while mitigating concerns
about the potential environmental impact.
The industrial-grade Cannavore pulverizes and renders cannabis
waste in combination with a proprietary blend of microbes and
enzymes designed and developed by Micron. Importantly, as part of
Micron's full-system waste treatment platform, effluent from the
digester is further treated to derive clean greywater which can be
re-used in growing operations. Alternatively, the treated
regulatory-compliant greywater from the Cannavore, which exceeds
municipal discharge standards, can be safely discharged. Active
pharmaceutical ingredients (APIs) in cannabis waste are further
biologically treated via a proprietary process to denature
cannabinoids present, keeping them out of watersheds, preventing
bio-accumulation. Being an aerobic process, it does not emit
methane. On-site processing eliminates need for conventional waste
methods such as trucking, landfilling and incineration.
Micron's Cannavore Digester and Organic Waste Digester units has
been awarded an Industrial Design Certificate of
Registration from the Canadian Intellectual Property Office
(CIPO), with patent pending in the United States.
About Quest Resource Holding Corporation
Quest is a national provider of reuse, recycling, and
disposal services that enable our customers to achieve and satisfy
their environmental and sustainability goals and
responsibilities. Quest provides businesses across multiple
industry sectors with single source, customer specific solutions to
address a wide variety of waste streams and recyclables generated
by their operations. Quest also provides information and data
that tracks and reports the environmental results of Quest's
services, provides actionable data to improve business operations,
and enables Quest's customers to achieve and satisfy their
environmental and sustainability goals and responsibilities. For
more information, visit www.QRHC.com.
About Micron Waste Technologies Inc.
Micron Waste Technologies Inc is a well-funded technology company
with over $6 million in working
capital. The Company's organic waste management system processes
organic waste directly on-site and treats the resulting waste water
into clean water which meets municipal sewage discharge standards.
The treated water can be discharged directly into the sewer or
recycled back into industrial or agricultural operations. The
Company has developed the world's first cannabis waste management
system which denatures APIs from waste streams. Please visit our
website at www.micronwaste.com for further information.
Micron is a public company with listings on the CSE: MWM, OTC:
MICWF, and in Frankfurt: 7FM2. For more
information, visit www.micronwaste.com.
On Behalf of the Board
Rav Mlait
Chief Executive Officer and Director
The Exchange does not accept responsibility for the
adequacy or accuracy of this release
FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release
is made as of the date of this press release and, except as
required by applicable law, the Company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking information, whether as a result of new
information, future events or otherwise, except as may be required
by law. By its very nature, such forward-looking information
requires the Company to make assumptions that may not materialize
or that may not be accurate. This forward-looking information is
subject to known and unknown risks and uncertainties and other
factors, which may cause actual results, levels of activity and
achievements to differ materially from those expressed or implied
by such information.
SOURCE Micron Waste Technologies Inc.
For further information: Micron Waste Technologies: Media
Contact: Karen Lauriston, 905-691-1185, karen@micronwaste.com; Investor Relations:
+1.844.318.8216, info@micronwaste.com, www.micronwaste.com; Quest Resource Management Group:
Media Contact: Vanessa Lepice, 972-464-0004; Investor Relations
Contact: Three Part Advisors, LLC, Joe Noyons, 817-778-8424
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