Cannabis
SEEDO to Establish Medical Cannabis Farm in Moshav Brosh, Israel
Today, Seedo Corp., “Seedo” (OTCQB: SEDO), a high-tech company providing the world’s first fully automated and controlled indoor growing machines for the pesticide-free cannabis and agricultural markets, announced today it will establish Second fully automated, commercial-scale, pesticide-free containerized cannabis farm in Israel.
Brosh Containers farm will be built enabling automated, closed system cultivation will be installed. The farm’s production capacity is anticipated to reach 12 tons of dry cannabis inflorescence per year, as of the third year, in Moshav Brosh.
SEEDO will become a partner sharing in the project’s revenue, and in addition to supplying the equipment, will also provide the entrepreneurs with professional guidance throughout the growth process.
“I am excited of this second cannabis farm agreement of which the company plans to construct,” said Seedo CEO Zohar Levy. “We certainly intend to build similar projects in other parts of the world.”
SEEDO has already signed an agreement with Kibbutz Dan for the establishment of an automated growth farm, 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.
SOURCE Seedo Corp.
-
Avant2 weeks ago
Avant and IMC Execute BLK MKT™ Trademark Licensing Agreement for the German Medical Cannabis Market
-
StickIt1 week ago
StickIt Technologies Inc. Announces Year-End 2023 Financial Results
-
Cannabis1 week ago
Hemp, Inc. Welcomes USDA Approval of GMO Hemp Strain – A Step Forward in Cannabis Biotechnology
-
Cannabis1 week ago
Avicanna Announces Completion of Topical Gel Observational Real-World Evidence Study
-
Cannabis1 week ago
Right On Brands, Inc. Continues Rollout, Announces 13th Store Opening
-
Cannabis1 week ago
IM Cannabis and Flora Growth Partner to Bring Vessel Cannabis Accessories to the Israeli Market
-
Cannabis1 week ago
Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results
-
Cannabis1 week ago
Geopulse Exploration, Inc. Acquires 50% of ATC Services