PINL:SCNA - Post Discussion
Post by
InvestingTO1974 on May 19, 2018 9:20pm
SCNA Sells 60 of its New Efficient Grow Light Fixtures...
https://finance.yahoo.com/news/smart-cannabis-sells-60-efficient-124000971.html
Smart Cannabis Sells 60 of its New Efficient Grow Light Fixtures in First Week on Market
Smart Cannabis Corp. (SCNA) announced an immediate sale of sixty (60) of their new Multi Spectrum Grow Light fixtures within days of presenting them to the marketplace. The new Multi Spectrum Grow Light is the result of collaboration between Smart Cannabis CEO, John Taylor, and leading edge manufacturers to improve cost and energy efficiency as well as increase crop yields. The company plans to incorporate this unique light into greenhouse cultivation projects that will benefit from supplemental lighting.
The global grow light market is anticipated to reach USD 8.64 billion by 2025, growing at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season.
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