BGRD Braingrid Ltd

Licensed producer WeedMD first to deploy “Sentroller S” system at its state-of-the-art greenhouse.

Toronto, Ontario -- January 10, 2019 -- InvestorsHub NewsWire -- Braingrid Limited (“Braingrid”) (CSE:BGRD), a global provider of affordable, scalable and easy-to-deploy sensor platforms for precision agriculture is pleased to announce the first commercial deployment of its innovative, self-powered Sentroller S precision agriculture technology at Canadian licensed producer WeedMD Inc.’s modern greenhouse facility located in Strathroy, Ontario.  

“As an innovative producer of medical-grade cannabis, we’re a long-time partner of Braingrid starting with our best-in-class indoor cultivation facility in Aylmer, Ontario,” said Keith Merker, CEO of WeedMD. “We are finalizing a production capacity expansion at our 610,000 square foot, state-of-the-art greenhouse in Strathroy, Ontario - incorporating the latest advancements for precision cultivation including Braingrid’s innovative technologies. We’re very pleased with the results so far with over 110,000 square feet of production space progressively online.”

Sentroller S brings all the great features of Braingrid’s original Sentroller platform to cultivators including a quick installation, online dashboards and reports, as well as email alarm notifications.  This allows growers the peace of mind that their cannabis crops are safe and thriving.  The self-powered Sentroller S uses a solar panel that enables an even quicker install and limitless possibilities for sensor placement.  This true wireless freedom helps cultivators monitor growing conditions where it matters - in and around the plant canopy where power connections are not often available.

The new self-powered Sentroller differentiates Braingrid from the competition by monitoring mission critical cultivation parameters (i.e. temperature, relative humidity, CO2, PAR, EC, moisture) in the plant canopy, without power cords or the need to change batteries. Any form of grow lighting including LED is sufficient to power the ultra-low energy Sentroller S.

“We are very excited to have WeedMD, one of the most innovative cultivators in the cannabis sector, deploy our Sentroller S precision agriculture technology” said Michael Kadonoff, Founder and CEO of Braingrid. This first commercial deployment of Braingrid’s Sentroller S is not material to the company’s underlying operations.
                
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

Contact:

Doug Harris
Chief Financial Officer
Braingrid Limited
1-416-480-2488
ir@braingrid.io

About Braingrid:

Braingrid Limited (braingrid.io) is a global technology company that provides an affordable, versatile and quick-to-install data acquisition and sensor integration platform for cannabis cultivators. Capturing real-time data needed to increase revenues, reduce costs and risks, and connecting cultivators to their grow on a microclimate level, Braingrid is also developing systems utilizing data science, machine learning and AI to deliver “smart” controls and building management solutions for the precision agriculture and energy efficiency sectors.



FORWARD-LOOKING INFORMATION

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of Braingrid. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of Braingrid to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although Braingrid believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, Braingrid assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

 

Braingrid (CSE:BGRD)
Historical Stock Chart
From Mar 2024 to Apr 2024

Braingrid (CSE:BGRD)
Historical Stock Chart
From Apr 2023 to Apr 2024