TORONTO, Jan. 29, 2019 /CNW/ - Braingrid Limited ("Braingrid") (CSE:BGRD) (braingrid.io) a global provider of affordable, scalable, and easy-to-deploy sensor platforms for precision agriculture is pleased to announce the execution of an Integration Agreement with Isolocity a QMS company providing complete front to back solutions for GMP and ISO 9001 compliance in the cannabis industry.
"We are pleased to have Isolocity join our family of services that improve the growers experience" said Michael Kadonoff, CEO and founder of Braingrid Corporation. "Growers are generally time-starved so having all of our data available to Isolocity customers provides rapid and easy decision support" he continued.
"Cultivators already appreciate our document control, risk management and process inspections and traceability" said Chris Budd Founder of Isolocity. He added: "Having Braingrid integrated on our platform makes both our customers incredibly efficient."
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.
Braingrid Limited (braingrid.io) is a global technology company that provides an affordable, versatile and quick-to-install data acquisition and sensor integration platform for cannabis cultivators. Capturing real-time data needed to increase revenues, reduce costs and risks, and connecting cultivators to their grow on a microclimate level, Braingrid is also developing systems utilizing data science, machine learning and AI to deliver "smart" controls and building management solutions for the precision agriculture and energy efficiency sectors.
Isolocity (isolocity.com) is a software company built to fill the gap in cannabis compliance. The system is designed to help cultivators gain GMP, EU GMP, and ISO 9001 certification, while automating the traditionally labour-intensive compliance process. Isolocity is a compliance solution with a robust QA workflow that will allow organizations to advance in the global marketplace.
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of Braingrid and Isolocity. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of Braingrid and Isolocity to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such forward looking statements include statements regarding a potential Strategic Alliance Agreement between the companies. Although Braingrid and Isolocity believe that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, Braingrid and Isolocity assume no obligation and disclaim any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
SOURCE Braingrid Limited
For further information: Media Contact: Doug Harris, Chief Financial Officer, Braingrid Limited, [email protected]