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Sunday, August 19, 2018 3:40:23 PM
On December 18, 2014, we entered into a Cannabis Production Pilot Agreement with Tweed Marijuana Inc., a TSX Venture Exchange listed company and its wholly-owned subsidiaries Tweed Inc. and Tweed Farms Inc. (formerly Prime1 Construction Services Corp.) which are licensed producers of medical cannabis in Canada. The principal activities of Tweed are the production and sale of cannabis through its wholly owned subsidiaries out of Tweed Inc.'s facility in Smiths Falls, Ontario and Tweed Farms Inc.'s facility in Niagara-on-the-Lake, Ontario as regulated by the Marihuana for Medical Purposes Regulations.
The Pilot Project will test the production of Cannabis using an aeroponic system designed by Indoor Harvest. The Pilot Project will make a record of the growth rate, phytocannabinoid production, water usage, fertilizer usage and labor using the aeroponic system(s) provided by Indoor Harvest. Upon conclusion of the pilot, Tweed will have the option to request design build services. Indoor Harvest would be provided a 10 year exclusive manufacturing contract on any approved designs and both parties would share certain intellectual property rights.
https://investorshub.advfn.com/Indoor-Harvest-Corp-INQD-29446/
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