Again favourable news re revenue generation.
("Kontrol" or the "Company") through its operating subsidiary, ORTECH Consulting Inc. has been engaged to provide emission and odour compliance services to a Cannabis company based in Ontario.
"As we continue to share our energy and emission services to the Cannabis market, we continue to gain new customer wins," says Paul Ghezzi, CEO of Kontrol Energy. "Energy costs continue to be a primary concern for Licensed Producers, however emission and odour compliance are increasingly important as municipalities update their requirements."
For industry competitive purposes the customer will not be disclosed.
According to ArcView Market Research, over the next 10 years spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The adult-use (recreational) market will cover 67% of the spending; medical marijuana will take up the remaining 33%. The largest group of cannabis buyers will be inNorth America, going from $9.2 billion in 2017 to $47.3 billion within a decade.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR, FSE: 1K8) is a leader in the energy efficiency sector through IOT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions.
Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and Maclean's.
