Braingrid Ltd (CSE:BGRD) (OTCMKTS:BGRDF) announced Tuesday that its subsidiary has entered into an integration agreement with Scanit Technologies Inc to support cannabis growers.
Under their three-year agreement, Braingrid Corp will integrate its Sentroller technology and cloud platform with Scanit's on-premises systems to provide metrics for airborne disease detection, along with Braingrid's wireless, environmental, monitoring technology.
The agreement allows Braingrid and Scanit to each provide their analytics on one screen to make a grower's job easier and take swift action to avoid disease outbreaks.
Toronto-based Braingrid added that the companies will explore different business combinations, including a role for Braingrid as a value-added reseller. No terms have yet been determined, according to Braingrid.
Scanit, located in Fremont, California, has developed equipment and software to provide in near real-time, early airborne disease detection for outdoor and indoor growers. This solution detects, measures and identifies airborne diseases that are causing yield losses and crop failures before they are visible.
Disease, especially powdery mildew and botrytis, is a key concern for most cannabis growers and cost the industry millions of dollars in lost product, according to Braingrid.
"Growers who use Scanit and Braingrid solutions will be at the leading edge of early disease detection,” Braingrid CEO Michael Kadonoff said in a statement.
Scanit CEO Pete Manautou added that “the critical data from both our systems will produce meaningful insights to our grower customers, enabling them to optimize yields and operational costs.”
Shares of Braingrid traded at C$0.18 in Monday’s Canadian trading. They fetched US$0.14 on the OTC Markets.
Last month, the company announced that it had struck up a partnership with A&L Canada Laboratories.
Under the terms of their three-year deal, Braingrid will serve as the mobile field lab supplier of real-time data to clients of A&L, an agricultural testing lab with a focus on cannabis.
Contact Dennis Fitzgerald at [email protected]