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Medical 420 DOO Invests in Heliospectra LED Solutions

Heliospectra
Posted on: 31 Oct 17

STOCKHOLM, Oct. 31, 2017 /PRNewswire/ -- Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces an order from Medical 420 a medicinal cannabis cultivation facility in Macedonia. The indoor controlled environment facility is investing in Heliospectra LED lighting solutions to improve quality, accelerate harvest cycles and increase yields. The order is valued at $117,000 USD (984,000 SEK). 

"We are committed to growing the highest-grade flower and distilling the highest-grade concentrates in order to deliver consistent medical products and treatments to patients. Heliospectra has proven that they offer a robust solution with market-leading light quality and uniform distribution. This allows us to standardize highest quality while increasing yields," said Tony Gasovski, owner and founder of Medical 420.

The Republic of Macedonia legalized the use of cannabis for medical purposes in 2016, following European countries such as the Netherlands, Czech Republic and Portugal. Unlike most EU countries, production will not be carried out by a state monopoly, which has opened up the market as a potential production base for numerous companies, both local and international. 

Medical 420 is setting up a brand new vertical cultivation facility in Macedonia, and has chosen Heliospectra's intense E60 series as sole-source lighting. The E60 is a fixed spectrum, high intensity LED grow light fixture developed together with some of the world's leading commercial growers. The lamp has an optimized spectrum and its plug-and-play nature provides instant, high-quality light for horticulture crop production year round.

"Heliospectra's proven solutions deliver superior performance and durability while also achieving business advantages for growers and producers in the global marketplace. The ability to accelerate harvest while increasing yields and improving the quality of crops provides growers like Medical 420 with reliable, repeatable production forecasts and the opportunity to negotiate premium placement in the marketplace," said Ali Ahmadian, Heliospectra, CEO. 

Delivery will take place and will be visible in the accounts in Q4.

Heliospectra Investor Relations:

Ali Ahmadian
CEO of Heliospectra
+46(0)72-203-6344
Ali.Ahmadian@heliospectra.com

Redeye is Heliospectra Certified Advisor for Nasdaq First North - www.redeye.se

http://www.heliospectra.com

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/heliospectra/r/medical-420-doo-invests-in-heliospectra-led-solutions,c2379767

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 31/10/2017

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