Seedo Corp. will be partnering with Kibbutz Dan in Northern Israel to establish a fully automated, commercial-scale, pesticide-free containerized cannabis farm in Israel. "Within 36 months of operation, the project is estimated to produce a minimum of 14 tons of dry cannabis bud, generating an estimated revenue of $24 million dollars", the team with the company explains.
"In legal cannabis markets around the world, new research has brought to light concerns surrounding the prevalence of pesticides, solvents and bacteria present in the current supply chain. This poses a serious threat to consumer safety, especially for patients that are increasingly dependent on medical cannabis for treatment of a variety of illnesses." According to the company, Seedo’s technology can control the purity of the crop to meet stringent compositional standards set by pharmaceutical and beverage companies looking to supply clean and consistent products to the market.
“We are entering a new era of growing where demand for pesticide-free products will only continue to increase,” says Seedo CEO Zohar Levy. “We’re thrilled to partner with Kibbutz Dan to provide a business model with governments that the world can look to. We’ve built our commercial-scale system to reflect our philosophy that technology can provide precise and reliable results without sacrificing yield.”
This installation includes Seedo’s first commercial-scale product to meet growing demand stemming from maturation of the worldwide medical cannabis market. "We are now applying our proven technology, originally developed for home-grow devices, towards containers for commercial scale. This new offering will allow us to leverage and adapt our existing and proven AI-powered technology to commercial farming applications, thereby maximizing the quality, yield and reliability of crops regardless of local climate conditions. By taking the guesswork out of the cultivation process, communities will be able to grow both native and non-native products with less labor, energy and water than ever before. The airtight, stackable containers will allow cultivators to optimize land-use and reduce the environmental footprint of their farming operations. Each one of our containers can provide a minimum quantity of 326 pounds of dry cannabis bud per year", the company points out.
Seedo states that it will also look to provide its commercial product to agricultural regions in need of healthy and reliable food supplies. "Each container features maximum daylight illumination, built-in carbon filters, automated air conditioning, and a smart post-harvest drying system that allows farmers to minimize cultivation costs and provide high-quality food with extended shelf life."
"As rising temperatures and urban population growth encroach on global food supplies, our technology will allow communities to grow their food locally without fear of crop loss from external climate or weather conditions. As our network of systems continues to grow, we will be able to leverage aggregated data to discover the ideal growing conditions for every type of fruit and plant species, even bringing some back from the brink of extinction", the team with the company remarks.
As part of Seedo’s recent momentum, the company recently appointed Daniel Birnbaum, CEO of SodaStream, and Dr. Jendayi. Frazer, the former U.S. Assistant Secretary of State for African Affairs, to its board of directors. "Mr. Birnbaum’s expertise in building global brands and Dr. Frazer’s work in international development and governance will inform the development of the commercial product to serve vulnerable communities around the globe", the company concludes.
For more information:
Seedo Corp
HaCarmel 2, Yokneam
Israel 20692
+972 546 642 228
investor@seedolab.com
seedolab.com