Press release

Fluence Enters Exclusive Agreement to Provide LED Solutions for AgMedica’s Licensed Medical Cannabis Facility

0
Sponsored by Businesswire

Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial crop production, announced today it will become the exclusive provider of LED lighting solutions for AgMedica BioScience Inc. (AgMedica), an Ontario-based licensed producer of cannabis for medicinal and adult-use consumers.

AgMedica will deploy Fluence’s LED systems in its world-class multitier facility with the capability to expand operations on demand. The facility will utilize Fluence’s SPYDR 2 series of LED systems at every stage of plant growth, from mother stock, propagation, vegetative to flowering, enabling AgMedica to grow crops consistently with high stability, while focusing on developing secondary metabolites—such as cannabinoids, terpenes and flavonoids—to produce medical cannabis unique to the company’s exacting standards.

“AgMedica prides itself on running a cutting-edge cultivation facility which produces consistent, quality medication for the health and well-being of all of our patients,” said Gregory Gawne, senior vice president of business development at AgMedica. “Fluence is a strategic partner which enables AgMedica to produce the highest-quality flowers and efficiently produce multiple times the amount of yield without expanding our physical real estate. By leveraging Fluence solutions, we will also be able to further vertically grow our business as patient demand requires and produce uniform products year-round.”

Fluence SPYDR 2 series LED solutions are built for both multitier and single-tier applications and designed to deliver efficient, precise and uniform levels of photosynthetic photon flux density to increase plant yield.

“Fluence is proud to partner with AgMedica to develop the highest quality medical cannabis,” said Dave Cohen, chief executive officer at Fluence. “As demand increases around the world, AgMedica and other providers will be critical to ensuring consistent access to medical cannabis, cultivated with patients’ best interests in mind.”

For more information about Fluence, visit https://fluence.science. For more information about AgMedica, visit www.agmedica.ca.

About Fluence by OSRAM

Fluence Bioengineering, Inc., a wholly-owned subsidiary of OSRAM, creates the most powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is the leading LED lighting supplier in the global cannabis market and is committed to enabling more efficient crop production with the world’s top vertical farms and greenhouse produce growers. Fluence global headquarters are based in Austin, Texas, with its EMEA headquarters in Munich, Germany. For more information about Fluence, visit https://fluence.science.

About AgMedica Bioscience Inc.

As a licensed producer of medicinal cannabis, AgMedica is dedicated to becoming a global leader in the development and commercialization of cannabis and cannabis-derived products to support the health and wellness of our clients. We aspire to drive the evolution of the cannabis industry by focusing investment on the development and commercialization of differentiated products in the medicinal, health and wellness and pharmaceutical sectors. For further information, please visit our website at www.agmedica.ca.