VANCOUVER, Aug. 15, 2018 /CNW/ - Micron Waste Technologies Inc. (the "Company") (CSE: MWM, OTC: MICWF, Frankfurt: 7FM2), a leading developer of aerobic digester solutions for the treatment of organic food and cannabis waste, announced today The Cannavore™ name has won the Company's Cannabis Waste Digester Naming Contest.
The Cannavore name was chosen following a crowd-sourced contest which collected 2379 product name submissions from entrants in Canada and the United States. The winning entry was selected by cannabis industry experts Cam Battley, Chief Corporate Officer for Aurora Cannabis Inc.; Noelle Skodzinski, Editorial Director, Cannabis Business Times, Cannabis Dispensary magazine and The Cannabis Conference; and James West, Editor and Publisher of the Midas Letter and the Midas Letter Live. Pending confirmation of compliance with contest rules regarding residency and age, the contest prize of $2,000 USD and an all-expenses paid trip for two to christen the first Cannavore digester at Aurora Cannabis Inc's ("Aurora") (TSX: ACB) Mountain facility outside Calgary, Alberta will go Jack Ponte of Ontario.
"We'd like to thank Mr. Ponte and everyone who entered the Digester Naming Contest," said Micron President Alfred Wong. "The creativity of entries made choosing a winner very difficult, but The Cannavore edged out the competition with its combined cleverness, simplicity and originality."
The Cannavore digester, an industrial-grade cannabis waste processor, pulverizes and renders plant waste in combination with a proprietary blend of microbes and enzymes designed and developed by Micron. Importantly, as part of Micron's full-system waste treatment platform, effluent from the digester is further treated to derive clean greywater which can be re-used in growing operations. Alternatively, the treated regulatory-compliant greywater from The Cannavore digester, which meets municipal discharge standards, can be safely discharged. Active Pharmaceutical Compounds (ACBs) in cannabis waste are denatured on-site at cannabis cultivation facilities by a Micron-developed biotechnology process, eliminating risk of public and ecosystem exposure. ACB-free bio-solids from The Cannavore are saleable as livestock fodder.
The Company's first Cannavore digester was delivered to Aurora's Mountain facility on June 28, 2018. The 55,200 square foot cultivation and production facility produces 4,800 kg of premium cannabis each year over multiple production cycles. The Aurora Mountain Cannavore digester was the first of several to be commissioned by Aurora, subject to the technology meeting certain milestones per a collaboration agreement announced in December 2017.
"The Cannavore unit is progressing well through optimization of several distinct capabilities– cannabis waste digestion, wastewater extraction and purification, the denaturing of active pharmaceuticals and the calibration of all sensors and software, including remote operation," said Micron Chief Technology Officer Dr. Bob Bhushan.
The Cannavore digester employs industry-specific computer software developed by Micron and BC Research Inc. to provide for logic, remote access, data management and equipment control. The software will allow Micron to co-pilot its units through real-time diagnostics and analysis at any location world-wide.
The Cannavore digester and its sister unit, the Organic Food Waste Digester, have been awarded an Industrial Design Certificate of Registration from the Canadian Intellectual Property Office (CIPO). Micron sought and won 10-year intellectual property protection for innovative features unique to Micron's unit, which processes both food waste and cannabis plant waste on a commercial scale. The Company's design patent is also pending in the United States.
Both the Cannavore digester and the Organic Food Waste Digester systems were developed based on R&D from Micron's environmentally-sound, propriety biomass waste processing platform, which realizes up to 35% in cost efficiencies and emits 58% fewer greenhouse gas emissions than conventional waste management methods. The comprehensive regulatory-compliant, clean technology systems have been engineered to operate on-site where needed in a contained unit which does not emit sound or smell, while exempting customers from the need to haul, incinerate or landfill waste.
About Micron Waste Technologies Inc. Micron Waste Technologies Inc is a well-funded technology company with over $6 million in working capital. The Company's organic waste management system processes organic waste directly on-site and treats the resulting waste water into clean water which meets municipal sewage discharge standards. The treated water can be discharged directly into the sewer or recycled back into industrial or agricultural operations. The Company has developed the world's first Cannabis Waste Digester, The Cannavore digester, which also denatures Active Pharmaceutical Compounds from waste streams. Please visit our website at www.micronwaste.com for further information. Micron is a public company with listings on the CSE: MWM, OTC: MICWF, and in Frankfurt: 7FM2.
On Behalf of the Board Rav Mlait Chief Executive Officer and Director
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.
SOURCE Micron Waste Technologies Inc.
For further information: Media Inquiries: Karen Lauriston, +1.905.691.1185, [email protected]; Investor Relations, +1.844.318.8216, [email protected], www.micronwaste.com