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InvestmentPitch Media Video Discusses Water Ways Technologies' Recent Acquisition of Heartnut Grove, a Canadian Distributor of Irrigation and Agricultural Components - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2019) - Water Ways Technologies (TSXV:...
About this update from Water Ways Technologies, Inc.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Water Ways Technologies' Recent Acquisition of Heartnut Grove, a Canadian Distributor of Irrigation and Agricultural Components - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - June 19, 2019) - Water Ways Technologies (TSXV: WWT), an Israeli agro-tech company that specializes in providing water irrigation solutions to agricultural producers, has closed its previously announced acquisition of certain assets of Heartnut Grove. Heartnut Grove, based in Mount Brydges, Ontario, is a Canadian distributor of irrigation and agricultural components.Cannot view this video? Visit:www.investmentpitch.com/video/0_9v7w6dx0/Water-Ways-Technologies-has-closed-its-previously-announced-acquisition-of-certain-assets-of-Heartnut-GroveFor more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Water Ways\" in the search box. For the year ended October 31, 2018 Heartnut reported sales of $3.76 million and gross profits of $692,000. For the 6 months ended April 30, 2019 Heartnut reported unaudited sales of $2.59 million with gross profits of $524,000. Water Ways, through a wholly-owned Canadian subsidiary, will pay $475,000 in cash and $25,000 in shares for assets including customer base, inventory, certain equipment and goodwill.Ohad Haber, Water Way's Chairman and CEO, started: \"Our long term goal is to establish Water Ways as a leading irrigation and agro technology provider worldwide. We aim to build a significant presence in the North American irrigation market. The first step toward achieving this goal was completing the acquisition of the assets of Heartnut Grove to serve as our sales and distribution center for North America serving both the North American farming community and Canadian irrigation and all need for the Cannabis growers LP's. We will also strive to launch our DataWays technology to assist in implementing irrigation projects in Canada and the USA by using this cutting edge technology using Artificial Intelligence and Machine Learning capabilities to ramp up our sales worldwide giving significant advantage over our competitors. Using the experience we gained through the Cronos group irrigation project ...