Скачать или смотреть Canopy Rivers Inc (CVE:RIV) Enters AgTech Space with BioLumic Deal

Canopy Rivers Inc (CVE:RIV) (OTCMKTS:CNPOF) President Narbe Alexandrian shares details of the company’s strategic investment in BioLumic Ltd, a company that has created a sustainable ultraviolet crop yield enhancement system. Alexandrian explains that the company’s investment in BioLumic is its first move into the agricultural technology space and highlights BioLumic’s photomorphogenesis UVB process as an IP differentiator. Alexandrian notes that as the price of cannabis decreases, cost advantages like those provided by BioLumic can provide significant value. He discusses the company’s recent announcement that its minority investor, Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1), has entered into a supply agreement with Canopy Rivers portfolio company, PharmHouse Inc. He explains that the offtake agreement with Canopy Growth has de-risked the PharmHouse facility conversion in Leamington, Ontario. Alexandrian emphasizes the importance of the cosmetics space and addresses Rivers’ investment in High Beauty Inc, makers of cannabis beauty brand, high.

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