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G&M Family Farm Selects Heliospectra's MITRA LED Lighting Solutions

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Heliospectra AB announced a significant order from G&M Family Farm in Freshwater, NL, Canada, valued at $301,000 CAD. This order marks the company's entry into the cannabis market in Newfoundland, leveraging its MITRA modular LED lighting solutions, which offer high-intensity light output and electrical efficacy of up to 2.8 µmol/J.

The delivery is scheduled for the second and third quarters of 2021, reflecting Heliospectra's commitment to supporting sustainable agriculture.

Positive
  • Secured a $301,000 CAD order from G&M Family Farm, enhancing revenue.
  • Strengthens position in the cannabis market in Newfoundland.
  • MITRA LED lights offer high-intensity output and efficiency.
Negative
  • None.

GOTHENBURG, Sweden, April 1, 2021 /PRNewswire/ -- Heliospectra AB (publ) (North American ADR OTCQB: HLSPY, and Nasdaq First North Growth Market: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces a new order from G&M Family Farm in Freshwater, NL, Canada. The order value is $301,000 CAD.

Heliospectra's MITRA is the horticulture market's first truly modular LED light. Designed by Growers for Growers, MITRA is the perfect solution for high light crops, boasting in high-intensity light output and electrical efficacy of up to 2.8 µmol/J.  

G & M Family Farm Ltd. is dedicated to producing sustainable and unique agricultural products to the province of NL. Their mission is to provide thier customers with the highest quality product possible. G & M Family Farm is owned and operated by the Smith family on property that has been farmed for upwards of 80 years. The Farm is managed based on sound principles of conserving natural resources, growing, hiring and eating locally-grown and chemical-free foods; as well as providing unique products. Heliospectra looks forward to being the lighting supplier partner for G&M farms as they enter the cannabis market in Newfoundland.

The order will be delivered during the second and third quarters of this year.

For More Information:
Rebecca Nordin
Head of IR at Heliospectra 
+46 (0)72 536 8116 
ir@heliospectra.com
http://www.heliospectra.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/heliospectra/r/g-m-family-farm-selects-heliospectra-s-mitra-led-lighting-solutions,c3317105

The following files are available for download:

https://mb.cision.com/Main/5333/3317105/1396481.pdf

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Cision View original content:http://www.prnewswire.com/news-releases/gm-family-farm-selects-heliospectras-mitra-led-lighting-solutions-301260362.html

SOURCE Heliospectra

FAQ

What recent order did Heliospectra AB secure?

Heliospectra AB secured a $301,000 CAD order from G&M Family Farm in Freshwater, NL, Canada.

What is the significance of Heliospectra's recent order in the cannabis market?

The order marks Heliospectra's entry into the cannabis market in Newfoundland.

What technology does Heliospectra provide for G&M Family Farm?

Heliospectra provides MITRA modular LED lighting solutions for G&M Family Farm.

When will Heliospectra deliver the order to G&M Family Farm?

The order will be delivered during the second and third quarters of 2021.

What are the efficiency metrics of Heliospectra's MITRA lights?

MITRA lights have an electrical efficacy of up to 2.8 µmol/J.

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