LIHT NEWS
Liht Cannabis Corp. Secures Exclusive Canadian Rights to Proprietary Technologies for the Quality Cultivation and Tracking of Cannabis
January 17, 2019
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the “Company”) is pleased to announce that its wholly-owned subsidiary, Full Spectrum Medicinals (“FSM”), has completed the securing of the exclusive rights to the S5 Agro Technology Suite (the “S5-ATS”) proprietary technology. The Company will use this technology in its cultivation facilities in Canada.
In order to address and solve the challenges currently facing commercial cultivation, which has lead to the destruction of failed crops in Canada, estimated to be approximately 8 kilos of destroyed product for every 1 kilo consumed. The Company is completing the aquisition for the exclusive rights to a suite of the following: Quick Response Holographic Labeling System, Agro-View, Agrowavetech, Agro-Array.
The incorporation of this technology will save millions of dollars in potential losses and has been specifically designed to increase organic plant health, vibrancy, yield production and enable efficient propagation of target seeds and strains. A robust secure cloud-based holographic data labeling system will manage and store all valuable crop morphology data and historical information.
The S5-ATS instruments are so advanced that they have the potential to revolutionize a new standard in agricultural analysis allowing crop insurance to be secured.
Historically, full analysis of plant matter could only be completed on dead plant material. In the S5 system, living material can be analyzed in its natural or man-made environment. Comparisons and real-time interactive analysis can be performed down to a cell and molecular level. This is a fully integrated, non-invasive and non-destructive ground-breaking system.
Agrowavetech is an acoustic based technology utilizing specially designed devices which disperse unique electromagnetic signals to the plants using frequency which stimulates the stomata of the plants to open and efficiently absorb hydration and nutrients required. This accelerates plant growth, increasing vital nutrient content, oil and terpene quality production, while greatly reducing the time and cost to harvest.
Equipped with sensors and data loggers, which are connected to the Quick Response Holographic Labeling System (the “QR HOLO-Label”), each unit carries a secure encrypted label for the recording and tracking of each plants historical data.
The QR HOLO-Label identifies each plant down to a genetic level and is a secure means for labeling and tracking from seed-to-sale. The QR HOLO-Label provides for memory storage on each labeled seed and plant to archive historical data, such as, its geographic origin and supplier source data. It can also be used to provide federal and provincial compliance data for reporting.
Agro-View is a hyper spectral imaging system which provides critical information on seeds, seedlings or a mature plant’s health, by determining and monitoring hydration and nutrient levels, and detecting blights, fungus, or insect infestations and soil inconsistencies.
These instruments are used within the grow facility, or mounted on a drone for surveying outdoor crops, providing critical, real time information for protecting and maintaining crop health and productivity.
Agro-Array is an advanced, self-contained incubator with microfluidic channels to deliver targeted nutrients and hydration to promote cell viability, enabling cultivators to monitor and accelerate the plants cell culture at a microscopic level, and to deduce the optimum growth conditions such as temperature, medium and light to obtain specific plant yield characteristics. This allows for the determining of the sex of a seed at a cellular level.
Terms
The purchase price for the technology is approximately $1.56M USD in cash with installment payments due over the next 8 months. 1.5% of the gross product revenue will be paid quarterly commencing the last quarter of 2019, as an annual license fee. In addition, 1.5% earn out bonus override to be paid upon the success of accomplishing any of the following: Determining sex of the seed, determining the content of plant, certification of the plant, Insurance carrier that will provide Director and Officer insurance or crop insurance, determine sex of plant tissue and or hybridize sample, establishing parameters acceptable to open a cannabis futures group.
ABOUT LIHT CANNABIS CORP.
www.lihtcannabis.com
Liht Cannabis Corp. is a publicly traded company investing in the medical and recreational cannabis space, since 2014. Liht has rapidly expanded to include cultivation, production and dispensary locations in the key North American states of Washington, Nevada, and California, and are seeking expansion opportunities worldwide.
FOR FURTHER INFORMATION:
www.lihtcannabis.com
or Linda Sampson, President & COO linda@lihtcannabis.com
778-583-4476
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