VANCOUVER, British Columbia, March 28, 2018 (GLOBE 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
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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.
