With Close Watch on U.S. Election Results, Heliospectra Promotes Sustainable Cultivation Methods and LED Light Strategies in Medical Cannabis Industry
(GOTHENBURG, Sweden/SAN FRANCISCO, CA, November 3, 2016) – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled environments horticulture, forecasts that America’s growing public support of legalized medicinal and recreational cannabis use will push industry to more sustainable cultivation practices and cost-effective LED light strategies.
The American population’s increasing support for the legalization of cannabis has been a primary driver of the industry’s rapid growth, with the trend being validated by the Gallup Poll released in October 2016 showing that 60 percent of Americans are in favor of legalization, the highest percentage of support recorded in the 47-year trend. The accelerating momentum of support has given rise to the passage of new cannabis regulations and offered lawmakers the confidence to introduce new legislative initiatives for action, as reflected on 2016 ballots. The states considering legalization in the upcoming election include North Dakota, Arkansas and Florida for medicinal use and Arizona, California, Maine, Massachusetts and Nevada for recreational use.
“An increase in the number of licensed greenhouses, indoor facilities and regulations will focus the industry on sustainable growing techniques and the documented data that integrated LED lighting systems and control technologies provide,” said Staffan Hillberg, CEO of Heliospectra. “Commercial cannabis cultivators recognize that the ability to dynamically adjust, monitor and customize the full light spectrum specific to plant need ensures consistent crop health, product quality and harvest results.”
Given the distinct possibility that November election results will expand licensed recreational states from four to nine in the burgeoning U.S. cannabis industry, financial and advisory firm Viridian Capital Advisors predicts that attention will now shift to operating margins, long-term profitability and business efficiencies.
“As downward pricing pressure from the commoditization of cannabis continues, growers are rapidly adopting more advanced cultivation products and processes,” explains Scott Greiper, President of Viridian Capital Advisors. “Technology solutions, including LEDs, enable cultivators to establish competitive advantage and cost-effective operations while boosting yields.”
Heliospectra continues strong sales momentum of its programmable, full spectrum LED lighting solutions within the American and Canadian medical cannabis communities, bolstered by the unprecedented customer results achieved at The Grove Nevada, Green Leaf in Alaska and other cultivation leaders who maximize revenue and return on investment with consistent harvests and quality crops while significantly reducing energy and HVAC costs.
Staffan Hillberg, CEO of Heliospectra | +46 (0)708 36 59 44 | staffan.hillberg@heliospectra.com
Michael Swartz, Senior Analyst | Viridian Capital Advisors, LLC | +1 212-333-0257 | mswartz@viridianca.com
G&W is Heliospectra’s Certified Advisor for Nasdaq First North - www.gwkapital.se
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About Heliospectra AB
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (www.heliospectra.com) specializes in intelligent lighting technology for plant research and greenhouse cultivation. The Company’s lighting system provides an effective and durable technology for cultivating greenhouse and indoor plants by combining several different groups of versatile light emitting diodes (LEDs) with optics, remote sensing techniques, and a robust heat dissipation solution. This proprietary setup gives growers the ability to control the intensity and wavelengths of the light emitted, creating a spectrum specifically adjusted to different plant species and growth stages to better facilitate photosynthesis. The complete, highly-engineered lamp produces crops that look better, taste better, and have a longer shelf-life than those grown under HID lamps. The technology not only reduces energy consumption by up to 50%, but also helps stimulate growth characteristics and improve plant quality. Other benefits include reduced light pollution, lower mercury use due to the avoidance of traditional HID/HPS bulbs, and less HVAC investment and monthly expense requirements.
Heliospectra products are based on in-depth knowledge in plant physiology and photosynthesis along with a unique way to utilize modern LED technology. After six years of development in Sweden, the company has now begun to expand into the international market. The company has raised more than $ 21 million in capital and has received more than $2.6 million through academic scholarships and grants. It has also received numerous awards for its forward thinking technology. Principal owners: Weland Steel www.welandstal.se, Swedish Industrial Fund www.industrifonden.se, Midroc www.midroc.se, Avanza Pension www.avanza.se.
Forward-Looking Statements
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
This information is information that Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CET / 8 AM CT on November 3, 2016