Proactive Investors - Run By Investors For Investors

Braingrid inks trio of new clients since launching its data intelligence program

The program gives the companies that use Braingrid’s technology a more thorough understanding of their cultivation data
Hand about to sign a contract
The Toronto-based company provides microclimate-tracking sensors, allowing growers to make more nuanced decisions

Braingrid Limited (CSE:BGRD), the cannabis cultivation analytics company, has won three new sales contracts since the launch of its signature data intelligence program in April.

The program gives the cannabis and agricultural companies that use Braingrid’s technology to monitor their operations a more thorough understanding of their cultivation data.

Canna Farms Ltd, a subsidiary of VIVO Cannabis Inc (TSXV:VIVO) (OTCQX:VVCIF), is one of the new clients. The British Columbia medical dried flower and oil producer is implementing Braingrid as part of its microclimate analysis project.

READ: Braingrid unit teams up with Scanit Technologies to support cannabis growers

Up Cannabis, a cannabis producer in the Ontario’s Niagara region signed a one-year deal to begin its crop analysis projects. It will receive monthly analytics reports and services for the year.

The company also announced a five-year agreement to provide its platform to a handful of Ontario colleges and universities. Students will be able to pursue a degree in sustainable foods with help from Braingrid’s equipment in a greenhouse.

"These new contracts illustrate the growing traction that our Data Intelligence Program is generating. This momentum is a direct reflection of the value-add that our analytical services provide," CEO Michael Kadonoff said. "Developed by our in-house Data Science Team this program enables our clients to better control microclimates for optimal grow outcomes."

Braingrid is a Toronto-based company that provides microclimate-tracking sensors, allowing growers to make more nuanced decisions. 

Its stock was unchanged on the CSE at $0.08.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

View full BGRD profile View Profile

Braingrid Ltd. Timeline

March 05 2019

Related Articles

immotion vr racing game
February 06 2019
The out-of-home VR hardware and content maker turned over more than £1mln in the second half of 2018 with ‘only’ 150 or so headsets in operation, but it wants that figure to climb to over 1,000 by the end of this year
truck transports ore
July 09 2019
The Australian company recently acquired South Africa’s RCubed as it adopts a software-as-a-service model for the energy, resources and natural resources space.
electric vehicle charging
May 13 2019
The junior company's RecycLiCo patented process represents a breakthrough in the recycling of lithium-ion batteries by providing high extraction of cathode materials such as lithium, cobalt, nickel and manganese at battery-grade purity
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use