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.
Heliospectra announced that the company has secured an order valued at around $80,000 USD, a victory in the Canadian market. (Photo Courtesy of Heliospectra)
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 LX60 Series intelligent LED grow lights.
“Initially we thought we’d use HPS lights, but quickly realized that made no sense financially. We switched to LED 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.
According to MarketandMarket’s LED Grow Light Market – Forecast to 2020 report, the LED grow light sector in Canada is expected to have an annual growth rate of 23.74 %, reaching $185.85 million USD 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.
“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 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 Staffan Hillberg.