$INQD: A Precision Agriculture Technology Company
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View Full Original Article Here: http://spotlightgrowth.com/index.php/2019/01/...-industry/
Indoor Harvest Corp. (“Indoor Harvest” or the “Company”) (OTCQB: INQD) is a precision agriculture technology company that is focused on leveraging its proprietary technology to help legal cannabis companies lower operating costs and improve efficiency; while increasing crop yield, consistency, and quality. The Company has a proprietary aeroponic system in development that enables the production of chemically consistent, contaminate-free cannabis, economically at scale. This is expected to also enable Indoor Harvest to leverage its technology over the longer term to develop a better product for the next generation of personalized cannabis-based medicines and treatments.
Rather than focusing on simply cultivating cannabis and entering an increasingly crowded consumer market, Indoor Harvest plans to take a more scientific and technology-based approach to the cannabis industry by focusing on controlled environment cultivation, serving cultivators both short term cost, quality and consistency issues and long-term product development goals.
In partnership with cultivators, Indoor Harvest believes it can share revenues with cultivators, based on savings the aeroponic cultivation technology delivers. Alternatively, the company believes they can license the technology to cultivators.
The team at Indoor Harvest has a strong background in vertical farming and controlled environment agricultural technology, while the new CEO has strong connections to cannabis genetics and tissue culture. This knowledge and expertise are what sets Indoor Harvest apart from the average cannabis company.
Dan Weadock was appointed as the Chief Executive Officer at Indoor Harvest almost one year ago bringing a wealth of knowledge and relationships to help expand the Company’s vision beyond aeroponics. As a co-founder of Integrated Genetics & BioPharma Research, LLC (IGBR), a private Massachusetts company focused on delivering what they expect to be commercial grade, boutique cannabis clones from tissue culture, to the legal Massachusetts cannabis markets, Mr Weadock brings this new dynamic of plant genetics and biology to the team, with access to top quality cannabis genetics and plant scientists, along with his understanding of the critical role of the interplay between the biology of the plants and the mechanical /controlled environment.
The goal for Indoor Harvest is a more integrated and holistic vision, bringing in new elements of plant science with controlled environment technology through collaboration, partnerships, mergers and acquisitions.
Indoor Harvest Corp. is currently focused on two primary objectives:
Building a demonstration showcase of the Aeroponic technology platform in the Boston area, on its own or in partnerships with others, while at the same time exploring research and development opportunities; and
Entering into partnerships and exploring merger & acquisition opportunities across the cannabis industry, with other synergistic science and tech focused companies.
Boston, Massachusetts Opportunities
Indoor Harvest recently announced that it is moving its operational focus to Boston, Massachusetts. The decision is due to a few major factors listed below:
Massachusetts has legal medical and recreational cannabis markets;
Massachusetts is offering a cannabis research license; and
Massachusetts provides friendlier environment to implement an expanded cannabis research and development operation. Massachusetts has legal medical and recreational cannabis markets.
The Company has signed a non-binding Memorandums of Understanding (MOUs) with Cannabis Community Care and Research Network (“C3RN”) and Integrated Genetics & BioPharma Research (“IGBR” also co-owned by Dan Weadock) all of which are located in the Boston area. Indoor Harvest plans to explore the development to acquire or lease property with these partners to pursue research and development opportunities together.
Conclusion
Indoor Harvest is positioning itself to become a player in niche areas of the high-growth cannabis industry. The Company is able to set itself apart from competitors through its proprietary precision agriculture technology and its new network of relationships in cannabis genetics, tissue culture and R&D. While the cannabis industry may be overly-focused on mass cultivation/production and supplying consumer recreational markets, the real growth story is in the science and technology that will take the industry to the next level: precision agriculture technology, controlled environment agricultural technology, cannabis genetics and tissue culture and bio-agriculture. Indoor Harvest is on the forefront of this movement and will only continue to build on its solid foundation as management executes the growth plan.
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