Business
AV1 Group Announces the Launch of its New Proprietary Cannabis LED Solution
AV1 Group Announces the Launch of its New Proprietary Cannabis LED Solution.
About this update from Omid Holdings, Inc.
[{"type":"text","content":"\n\n\n\nAV1 Group Announces the Launch of its New Proprietary Cannabis LED Solution\n\n\n\n\n\nAV1 Group Announces the Launch of its New Proprietary Cannabis LED Solution\nCompany Announces Initial Sales; Product will be sold through the Company's CannaLighting Division.\nPR Newswire\nSAN DIEGO, May 18, 2017\n\n\n\nSAN DIEGO, May 18, 2017 /PRNewswire/ --\n\nAV1 Group, Inc. (OTC Pink: AVOP), a publicly traded investment and holding company announced today that the Company, through a wholly owned subsidiary CannaLighting in partnership with Apollo Smart Lights, a provider of intelligent LED lighting solutions, has finished beta testing its proprietary prototype LED system for cannabis in Denver, Colorado and is preparing for launch of sales and marketing.\n\nApollo, who will manufacture the lighting product for the Company, has also granted the Company an exclusive license to market Apollo's line of products for Oregon, Washington, California, Nevada and Mexico; all prime cannabis growth territories.\n\nThe new LED system addresses and solves a key problem common to all 'horticulture' growers, the timing from vegetative to bloom. The system enables this process to proceed as quickly as possible and increases cost-effectiveness of the growth cycle.\n\nThe LED lighting sector is an intricate key to the indoor agricultural environments that these harvesting facilities represent, since the majority of these crops are grown indoors. U.S. retail cannabis sales will rise more than five-fold, from an estimated $2.2-$2.6 billion in 2014 to $7.4-8.2 billion in 2018, according to an article recently published by Marijuana Business Daily.\n\n\nThe Company further announced that it has landed its first sale of its proprietary LED system to an emerging private grow facility in Southern California, that is preparing to open a new facility that is 10 times its present footprint. Expected delivery in the next 45 days.\n\nAV1 Group is actively continuing to develop the ventures recently announced, and intends to keep shareholders fully informed as projects unfold.\n\nLisa Landau, Director of Lighting, stated: \"Now that the LED system has had a successful beta test, we are quickly transitioning into the sales and marketing of our new system. In addition to this initial sale, the Company is also conducting a test with a...