{"id":9992,"date":"2016-03-21T16:05:00","date_gmt":"2016-03-21T16:05:00","guid":{"rendered":"https:\/\/heliospectra.com\/blog\/mfn_news\/heliospectras-led-light-hardware-and-software-system-to-light-up-canadas-island-garden-2\/"},"modified":"2016-03-21T16:05:00","modified_gmt":"2016-03-21T16:05:00","slug":"heliospectras-led-light-hardware-and-software-system-to-light-up-canadas-island-garden-2","status":"publish","type":"mfn_news","link":"https:\/\/heliospectra.com\/nl\/blog\/mfn_nieuws\/heliospectras-led-light-hardware-and-software-system-to-light-up-canadas-island-garden-2\/","title":{"rendered":"Heliospectra\u2019s LED light hardware and software system to light up Canada\u2019s Island Garden"},"content":{"rendered":"
(GOTHENBURG, Sweden\/SAN FRANCISCO, CA, March 21, 2016) – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled environments horticulture, is excited to announce their newest Canadian client, Canada’s Island Garden. The order, valued at around $80,000 USD, is an important victory for Heliospectra in the Canadian market.<\/strong><\/div>\n

Canada’s Island Garden is a private medical marijuana facility on Prince Edward Island. Edwin Jewell, owner, has designed a cutting edge facility where he plans to use state of the art growing methods, which includes the use of Heliospectra’s LX<\/span>60 Series intelligent LED<\/span> grow lights.<\/p>\n

“Initially we thought we’d use HPS<\/span> lights, but quickly realized that made no sense financially. We switched to LED<\/span> technology to lower our operating costs and manage heat. Canna-specific features like far-red light made the Heliospectra product attractive to me,” said Edwin Jewell, owner, Canada’s Island Garden.<\/p>\n

According to MarketandMarket’s LED<\/span> Grow Light Market – Forecast to 2020<\/a> report, the LED<\/span>grow light sector in Canada is expected to have an annual growth rate of 23.74 %, reaching $185.85 million USD<\/span> by 2020.  Medicinal use of cannabis is legal in Canada. In November 2015, newly elected Prime Minister Justin Trudeau announced that possession of cannabis for adult use would be legalized, and a full legalization program is currently under development.<\/p>\n

“Canada is one of our most important markets for controlled environments horticulture. With our Canadian patent approved in May last year, steady growth in the LED<\/span> grow lights market, and top-of-the-line customers like Canada’s Island Garden we see a bright future for Heliospectra in this market,” said Heliospectra CEO<\/span> Staffan Hillberg.<\/p>\n

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Investeerdersrelaties:<\/strong><\/p>\n

Staffan Hillberg, CEO van Heliospectra | 46 (0)708 36 59 44 | staffan.hillberg@heliospectra.com<\/span><\/a><\/span><\/p>\n

Michael Swartz, Senior Analist | Viridian Capital Advisors, LLC | 1 212-333-0257 | mswartz@viridianca.com<\/span><\/a>
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G&W is Heliospectra's gecertificeerde adviseur voor Nasdaq First North. www.gwkapital.se<\/span><\/a><\/p>\n

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