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.
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.
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