Micron Waste Technologies Testifies to the Canadian Senate Regarding Innovations in Cannabis Waste Management
March 28 2018 - 7:37AM
InvestorsHub NewsWire
Vancouver, British Columbia,
March 28, 2018 -- InvestorsHub NewsWire -- Micron Waste
Technologies Inc. (“Micron” or the “Company”) (CSE: MWM, OTC: MICWF, Frankfurt: 7FM2), a leading Canadian
innovator in organic waste management, presented details of the
development of its on-site cannabis waste treatment system for
licensed producers during testimony to the Standing Senate
Committee on Agriculture and Forestry (AGFO) yesterday. Micron’s
solution removes cannabis residues and is well positioned to
disrupt the current Canadian and American cannabis waste disposal
models.
The AGFO committee, which is studying the possible effects of
cannabinoid residues on the environment, heard testimony from
Micron’s President Alfred Wong and Aurora Cannabis Inc. Chief
Corporate Officer and Micron board member Cam Battley. In January
2018, Micron and Aurora (“Aurora”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P;
WKN: A1C4WM) finalized a collaboration agreement for the treatment
of organic waste generated in the cultivation and production of
cannabis products.
“Micron’s solution is on track to be installed at Aurora’s facility
by June of this year,” Mr. Wong testified. “This on-site process
will minimise the cost of shipping cannabis waste to landfill or
composting facilities and will help reduce greenhouse gas emissions
and carbon footprint. Our clean agricultural technology will
provide licensed producers with an environmentally-sound,
cost-effective solution for cannabis waste treatment and is
anticipated to be able to meet the scale of Canada’s growing
cannabis industry.”
The world’s first on-site cannabis disposal unit will process
cannabis waste, removing traceable active cannabinoid residues such
as THC and CBD, and treat the resulting effluent to meet municipal
sewage bylaw standards. The first operational unit will be
installed at Aurora’s 55,000 square foot cultivating facility at
Cremona, Alberta.
“As one of the world’s leading cannabis companies, Aurora is
demonstrating leadership in both environmental stewardship and cost
management, by collaborating with Micron to optimize Micron’s
innovative, proprietary digester technology for widespread use in
the cannabis sector,” said Mr. Battley. “Together we’re repurposing
and refining green technology already used successfully for
supermarket waste disposal, to meet the growing needs of the
cannabis industry.”
In 2017, the amount of cannabis produced in Canada by licensed
producers was estimated at 53 metric tonnes. According to Martin
Landry of GMP Securities, in 2020, cannabis supply is expected to
increase to 1221 metric tons. As cannabis waste increases
exponentially, the benefits of sustainable, environmentally-sound
cannabis disposal systems, like the one offered by Micron, will be
magnified.
Canadian Innovation in Organic Waste Disposal
The merits of Micron’s technology have been successfully proven
with a grocery supermarket chain located in British Columbia, with
whom Micron has entered into an Memorandum of Understanding to
review additional installations. The Micron Waste solution is an
aerobic digestion process that breaks down organic waste within
24-48 hours and treats the resulting effluent to meet municipal
sewage bylaw standards.
On Behalf of the Board
Rav Mlait
Chief Executive Officer and Director
For further information contact:
Media Inquiries:
Karen Lauriston
+1.905.691.1185
karen@micronwaste.com
Investor Relations:
+1.844.318.8216
The Exchange does not accept responsibility for the
adequacy or accuracy of this release
FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release
is made as of the date of this press release and, except as
required by applicable law, the Company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking information, whether as a result of new
information, future events or otherwise, except as may be required
by law. By its very nature, such forward-looking information
requires the Company to make assumptions that may not materialize
or that may not be accurate. This forward-looking information is
subject to known and unknown risks and uncertainties and other
factors, which may cause actual results, levels of activity and
achievements to differ materially from those expressed or implied
by such information.
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