viewProgressive Planet Solutions Inc

Zeolite miner Progressive Planet helping cannabis producers dispose of marijuana waste product

The new service is only available to cannabis producers in British Columbia and designed to assist them in meeting provincial disposal regulations

Zeolite can be used for water purification, radioactive waste containment, composting and animal feed

Progressive Planet Solutions Inc (CVE:PLAN (OTCMKTS:ASHXF), announced Thursday it has launched a new service to provide its signature zeolite to licensed cannabis producers to help them properly denature and dispose of the residual marijuana.

The service is only available to cannabis producers in British Columbia and designed to assist them in meeting provincial disposal regulations, according to a statement. It includes bulks bags of zeolite and collection of the denatured cannabis/zeolite blend.

Progressive Planet also provides 800-litre, waterproof totes to eliminate the use of garbage bags for collecting the denatured blend.

READ: Progressive Planet provides update on zeolite monetization plans

The collected cannabis/zeolite blend will be integrated into grow mediums at Progressive Planet's Advanced Materials Centre in Spallumcheen, British Columbia, the company said.

“Before launching this service, we learned that many LP's are buying kitty litter at retail prices in small containers (18 litres or less) from box stores and are then sending the denatured product to landfill where all the nutrients in this high-quality organic matter are lost,” CEO Steve Harpur explained. “Our new service keeps organic matter out of landfills where it generates methane and enables (producers) to eliminate the use of plastic bags."

Zeolite has many uses

Zeolite is a mineral that looks a lot like a light gray gravel when dug up from the ground. It's used in a wide variety of applications: water purification, radioactive waste containment, composting, animal feed, as a pozzolan in cement and as an additive to soil, among many other uses.

The Vancouver-based mineral exploration company said it has already provided one tonne of zeolite to a publicly-traded cannabis producer. The delivery was made in April, and after positive feedback, the unnamed company made another re-order on Wednesday.

Progressive Planet has its flagship Z1 Zeolite Quarry in British Columbia and a 100% interest in the Buckingham Graphite Project in Quebec.

Shares of Progressive Planet were up 20% at C$0.06 on Thursday.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Progressive Planet Solutions Inc

Price: 0.17 CAD

Market: TSX-V
Market Cap: $7.18 m

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