Micron Waste Accelerates Development of Cannabis Waste Digester
Ryan Allway
March 7th, 2018
Exclusive, News, Top News
The cannabis industry is projected to reach $50 billion in annual revenue over the coming years, according to Cowen & Co., driven by the legalization of adult-use cannabis across several states. At the same time, the Canadian cannabis industry is expected to reach C$22.6 billion in size, according to Cowen & Co., driven by nationwide legalization. The rapid growth, however, has led to some important growing pains that must be addressed.
Micron Waste Technologies Inc. (CSE: MWM) (OTC: MICWF) addresses a critical issue that faces the cannabis industry – organic waste disposal. With plans to accelerate its commercialization, investors may want to take a closer look at the company as it prepares to install an initial unit with Aurora Cannabis Inc. (TSE: ACB) before targeting the wider market.
The Cannabis Waste Problem
The cannabis industry may have been founded on the principles of peace and love, but the industrialization of the sector has taken an entirely new direction. In particular, industrial cannabis cultivation has taken a significant toll on the environment in terms of both energy use and waste disposal. The growth of the industry is rapidly amplifying these problems and creating a need for more sustainable solutions for the long-term.
The most prominent environmental concern is the cannabis industry’s tremendous use of electricity. According to Denver’s Department of Public Health and Environment, the cannabis industry consumes nearly four percent of the city’s total electricity. Marijuana’s share of the energy mix is also growing at a much faster rate than overall energy use. These trends are concerning as many other states move to legalize adult-use cannabis.
A lesser known problem involves the organic waste produced by cultivation operations. Most organic waste produced by the industry ends up in landfills since they’re the most cost-effective disposal option. In addition to taking up space in a landfill, organic waste undergoes anaerobic decomposition in a landfill, due to the lack of oxygen, and generates methane gas. These gases are 25 times more potent greenhouse gases than carbon dioxide!
Micron’s Innovative Solution
Micron Waste’s aerobic digestion and treatment technology converts organic waste into clean water that meets municipal effluent discharge standards. By leveraging micro-oxygen cubicles, the technology enhances the digestion efficiency of microorganisms by up to 95 percent, with the remaining five percent of undigested particles undergoing further treatment. These technologies have already been proven in the food service industry.
In December, the company announced a strategic partnership with Aurora Cannabis, one of the largest licensed producers of medical marijuana under Canada’s ACMPR program. The partnership calls for preliminary research and the placement of initial units at Aurora Cannabis’ cultivation facilities in the second quarter of 2018. These placements should provide a key proof-of-concept for sales to the wider industry with Aurora leading the way.
Accelerating Development
Micron Waste recently announced the engagement of BC Research Inc., a renowned engineering consultancy, to accelerate the commercialization of its waste digester technology for the cannabis industry. Under the terms of the agreement, BC Research will deliver a unit that functions in a broad range of temperatures, making it suitable for deployment on a global scale in a wide range of climates, while also making the units suitable for mass production.
“We are extremely pleased to be working with BC Research and Aurora Cannabis to develop a market-ready Micron Cannabis Waste Digester,” said CEO Rav Mlait. “The enhanced features requested by our clients are anticipated to accelerate commercial adoption and make Micron’s technology more attractive to cannabis producers seeking a less costly, more convenient, and ‘greener’ means of handling organic waste.”
BC Research is a global provider of engineering and equipment packages to the chemical, pulp, paper, minerals processing, and electrochemical sectors. With a staff of over 200 professionals, the company has completed capital project on five continents and has become a recognized worldwide leader in nitration, sulfuric acid, and electrochemistry. The company also provides support to early-stage companies looking for engineering design and fabrication support.
Looking Ahead
Micron Waste Technologies Inc. (CSE: MWM) (OTC: MICWF) offers investors an alternative investment in a business that will serve the budding cultivation sector as companies greatly increase production levels in advance of Canada’s adult-use legalization. With plans to accelerate the development of its breakthrough technology, and a deal in place with one of the largest licensed producers in Canada, the company is well positioned to commercialize its technology over the near-term.
For more information, visit the company’s website at www.micronwaste.com.
Disclaimer
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please see our disclaimer below and follow the link to view our full disclosure outlining compensation: https://cannabisfn.com/legal-disclaimer/
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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