This could be a significant new revenue source for KNR
("Kontrol" or "Company") announces that it will be expanding its solutions to deal with the increasing regulations from local and provincial governments for the Cannabis Industry.
"We are closely monitoring and advising various existing customers on new regulations which are meant to deal with emissions that could be harmful to the environment and volatile organic compounds (VOCs) that may contribute to strong odours", stated Paul Ghezzi, CEO of Kontrol Energy. "Elevated levels of VOCs can be produced during cannabis plant flowering and harvesting. Licensed Producers (LPs) must deal with this issue as local residential concerns rise, and government regulations are announced."
Kontrol Energy and its operating subsidiary ORTECH Consulting have more than 40 years of history in dealing with emissions and odours in multiple industry sectors across Canada. As the Cannabis industry is maturing following legalization in Canada, there is a growing demand for emission and odour compliance and new regulations for which many LPs may not be prepared for.
Mr. Ghezzi continued, "We offer turn-key odour and emission services designed to scientifically identify, measure and mitigate VOCs and help our customers be at the leading edge of compliance. We can assess applicable odour control technologies such as carbon filtration, ionization, etc. and then provide the turn-key technology solution and other critical systems required that are best suited for the specific facility. Further, solutions to continuously monitor the effectiveness of odour control equipment or the ambient air outside of the facility can be the early warning system required to reduce the frequency of odour complaints. We are well positioned to add new customers in the Cannabis industry and grow our footprint in this significant new market."
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 in North America, going from $9.2 billion in 2017 to $47.3 billion within a decade.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (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.
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