Croptimal and Canndoc Ltd. - MOUThe cooperation between Croptimal and Canndoc will enable CropCan, the new joint venture company that will be formed, to offer dynamic growth protocols for the medical Cannabis industry to increase crop yields in this fast-growing and unique market. Doron Reinis, COO of Eurocontrol and CEO of Croptimal stated: “With numerous companies in the Cannabis industry looking to Israel for Cannabis R&D, we believe our collaboration with Canndoc will place Croptimal in a strong position to leverage its unique hybrid technologies beyond Israel’s borders as the Cannabis industry responds quickly to consumer needs.”
Avner (Neri) Barak, co-Founder and President of Canndoc added, “Canndoc is very pleased to join forces with Croptimal. The ability to have a complete full range of in-field measurement tools and dynamic growth protocols for the Cannabis industry will improve crop quality. Our ability as cultivators to get real time lab results will allow for much better control and the ability to adjust growing practices according to real time reflection of crop health.”
About Croptimal Ltd.
Croptimal is a private Israeli company formed in early 2017 and is 100% owned by Eurocontrol. Croptimal’s service developed following the need and demand of farmers and agronomists to increase crop yields, both quality and quantity to meet the rapidly increasing world population. Croptimal’s expert agronomists and researchers continue to innovate this state of the art, disruptive precision agriculture technology – a mobile in-field service that provides quick, accurate analysis of nutrients and contaminates in crops, soil and water, replacing traditional complicated methods that are typically undertaken at distant laboratories and normally require weeks of waiting for results.
Croptimal offers a suite of in-field decision support tools for growers and agronomists based on an innovative system of big data analysis (machine learning), utilizing unique hardware and software that enables continuous measurement of nutrients in soil, water, and plant tissue. Croptimal’s hybrid technology measures N, P, K as well as other macro and micro elements in their available forms that produce actionable fertilization recommendations.
Croptimal has entered into a Memorandum of Understanding (“MOU”) with Canndoc Ltd. (“Canndoc”), a leading Israeli medical Cannabis company since 2009 to form a joint venture company that will be called “CropCan” and will be owned 50/50 by Croptimal and Canndoc to market a service utilizing Croptimal’s unique in-field measurement tools, together with an innovative system of big database analysis (machine learning) and Canndoc’s expertise in the field of growing medical Cannabis.
Read more at https://www.stockhouse.com/news/press-releases/2018/01/29/eurocontrols-croptimal-enters-into-mou-with-canndoc-ltd-to-form-joint-venture#GmjLR4vKwcB27tkB.99