Grow Solutions Holdings Inc (OTCMKTS:GRSO) Keeps Royalty And Product Lease Accord With Sundance Prairie On Hold
Grow Solutions Holdings Inc (OTCMKTS:GRSO) has kept the product lease/royalty accord entered with Sundance Prairie in permanent abeyance. It is on the backdrop of excessive supply of the products and unfavorable economic conditions for marijuana production in Canada. Grow Solutions expects to renegotiate the deal when the market conditions are favorable.
Progressing with the delivery of Pure Roots
Grow Solutions is on track to deliver PRUF (Pure Roots Urban Farms) Facility to FFC (Foundation Farms Corporation). It is part of the company’s commitment to ensure food security using innovative aeropods. Grow Solutions is also in discussions with several purchasers to sell its aeropods technology.
Eliminates supply chain disruptions
Aeropods technology is developed to eliminate supply disruptions like natural disasters, climate change, and pandemics such as coronavirus. New technology allows growing food at a location close to the communities. It requires fewer fertilizers and water to cultivate foods locally. Therefore, communities can be self-reliant and produce foods locally without the need for pesticides.
Maintains high vitamins
Locally grown food maintain higher vitamins and prevent food wastage by ensuring fresh food. It eliminates the need for long-distance travel. Local production also prevents food contamination and provides jobs to more people and supports the economy.
Grow Solutions is a leading player in providing disruptive technology, facilitating growing foods locally, and maintaining high vitamin content. CEO of PRUF, Bailey Fischl, said the world is exploring options to deliver food and vegetables fresh to the consumers. Therefore, PRUF is committed to providing food security and preserve nutrients. It saves transportation expenses and prevents food wastage.
Grow Solutions subsidiary – AeroGrow Manufacturing is engaged in the production of AeroPod. In the last two years, the company has produced higher aeroponic yields with the help of AeroPod technology.
Food like lettuce, Kale, Oregano, Garlic Chives, Dill, Edible Flowers, and Chard produced using AeroPod technology is non-GMO. They are free from herbicides and pesticides and 100% pure.
PRUF will donate all the fresh produce from Farm Boys Design Corp to Saskatoon Food Bank. The company generated mixed leaf greens weighing 28 pounds from the first harvest, it expects to donate 30 pounds weekly.
Published at Thu, 04 Jun 2020 12:42:24 +0000