We have a winner here with stny. Get it while it's cheap! New news. LOS ANGELES, CA / ACCESSWIRE / March 14, 2017 / Stony Hill Corp. (STNY), a diversified company focused on the cannabis industry, today announced that it has made a strategic investment in Cannabi-Tech Ltd. (Cannabi-Tech), a provider of lab-grade medical cannabis quality control testing systems based in Israel.
Stony Hill, founded by Damian Marley, acquired the stake in Cannabi-Tech as part of a larger effort to build a global platform and brand for Cannabi-Tech. The investment signals an important vote of confidence in Cannabi-Tech's management and innovative cannabis testing technology.
Cannabi-Tech's proprietary technology features cutting-edge optical and image processing tools for precise quality control testing of medical marijuana flowers. The technology includes access to an integrated cloud database, traceable packaging, sorting and labeling mechanisms, and smartphone applications. Using Cannabi-Tech's technology, people will know for the first time exactly what they are paying for and what they are using in terms of potency.
Chris Bridges, President of Stony Hill, stated, "As Stony Hill continues to expand into multiple segments of the cannabis industry, this investment fits very nicely into our strategy to expand Stony Hill's testing and analytics presence and platform of products. This investment represents another step toward building our company into a leading platform in the cannabis industry."
Guy Setton, CEO of Cannabi-Tech, stated, "We are extremely pleased with Stony Hill's decision to invest in our company and we welcome Stony Hill and Damian Marley as long-term investors and strategic partners. Stony Hill has a broad portfolio of products and assets which we believe will make it a strong partner and ally. Our innovative testing equipment is setting a new industry standard, starting with potency testing, and we look forward to expanding the market presence of our brand through this partnership. We believe this mutually beneficial relationship will yield new opportunities for both of our companies."
