Toronto, Ontario – May 25th, 2018 — Braingrid Corporation (“Braingrid”) is pleased to announce it has entered into a Strategic Alliance Agreement with R2G Global, LLC (“Rent2Grow”) a global company that empowers urban cultivators with a state-of-the-art turnkey pod solution that helps eliminate the danger and guesswork associated with cultivating cannabis at home including rental apartments and condominiums.
The strategic three-year agreement enables Braingrid to exclusively provide its sensing and control capabilities for the Rent2Grow pod worldwide. Rent2Grow intends to meet the needs of 1% of the cannabis consumer market by offering what they call “Empowered DIY (do-it-yourself) Cannabis Solutions”. Braingrid is leveraging their experience gained with large commercial cannabis growers to support Rent2Grow’s community grow model.
“We are excited about our partnership with Braingrid,” said Richard Lamb, Chairman of Rent2Grow. “The R2G Pods, coupled with Braingrid’s technology, empowers cultivators to grow, harvest and store their produce on-site, or remotely, via the secure app. Consumers can choose a turnkey autopilot approach, or control the process on a more intimate level. Our partnership with Braingrid will provide our customers with the flexibility to have granular level control, if they want it!”
Rent2Grow plans to launch a minimum of 15,000 pods by 2021 and expects demand to increase that number to as much as double. If that level is achieved, revenue potential in the third year for Braingrid exceeds CAD$10M together with service fees exceeding CAD$300K/month. Braingrid will also earn an equity interest in R2G Global LLC and its affiliate Rent2Grow Canada Inc.
“Lighting, temperature, and humidity levels are critical to growing,” said Matt Skynner, President and COO of Braingrid. “That’s why Rent2Grow and Braingrid’s combined offering is so important. Braingrid’s Sentroller will monitor and control critical parameters to guarantee the crops are never at risk.”
Rent2Grow and Braingrid will be exhibiting their product at the Lift & Co. Cannabis Expo in Toronto, May 25th- 27th where growers will be able to see the “Powered by Braingrid” Rent2Grow pod.
“We are proud to have a strong Canadian cannabis partner in Braingrid as we lead the curve ahead of legalization and look forward to the opportunity of providing this solution in designated facilities, in the near future, ” said Dean McCall, President of Rent2Grow Canada.
Braingrid (braingrid.io) is a Toronto based global tech company that provides an affordable, versatile and quick-to-install sensor platform for cannabis cultivators. Braingrid captures real-time data needed to increase revenues, reduce costs and risks, and connects cultivators to their grow on a microclimate level.
About R2G Global:
Founded in 2014, R2G Global LLC (Rent2Grow.com) provides a safe urban alternative to at-home-growing for communities across North America. Our state of the art cultivation facilities provide a secure and innovative environment for home growers to rent a grow space in municipalities and counties that support personal cultivation to grow their own medicinal or recreational cannabis away from their homes and residences. R2G solves many issues facing the home grower including limited space or resources, up-front costs, security, and lack of experience and expertise. R2G also successfully addresses concerns commonly heard by local police, landlords, and municipalities. R2G offers solutions for responsible personal cannabis cultivation.
For more information please visit www.rent2grow.com
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 Rent2Grow. 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 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 the expected growth of Rent2Grow’s pods and the anticipated revenue for Braingrid. Although Braingrid believes 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 assumes no obligation and disclaims 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.
R2G Global LLC (Rent2Grow), the world’s first indoor urban grow facility that allows individuals to grow, harvest and store cannabis has acquired WeeGro, of Burlington Canada.
“The WeeGro team brings a new layer of intellectual capital, innovative products and a great deal of industry-specific engineering capability to our team. WeeGro has been focused on the medicinal Canadian cannabis market and has led the way in providing turnkey growing solutions that remove risk and preserve discretion, at the same time.” said Richard Lamb, Co-Founder at R2G Global. “The acquisition expands the range of solutions we can offer our customers, while bringing the leadership necessary to ensure that Canadian municipalities, have an ideal solution, to remove home-growing dangers from households and communities.”
“We are also excited to appoint Dean McCall as our President of Canadian Operations” Lamb explained. “Dean is passionate about innovation and incubation, and has been consulting with early stage companies in the emerging Canadian Cannabis space.”
Dean has served as either a board member or advisor to the following organizations: South by Southwest (SXSW) Interactive Conference, the Rice Alliance for Technology & Entrepreneurship, and the University of Texas – San Antonio Center for Innovation and Entrepreneurship, Verelo (Acquired by Dyn), MaestroFM, ShopLocket, Cloudability, Mercury Fund, Keen IO, Appsembler, Epic Playground, Vidmaker, Conspire, Emergent One, Drifty, Ziptask, and TechStars Cloud.
“I’m honored to be working with this exceptional team on both sides of the border”, stated Dean McCall. The R2G Global team is a strong, balanced group of business leaders whom I’m proud to be amongst. We are forging new paths in the global cannabis space and quite literally doing life-changing work. It’s going to be a wild ride and I look forward to opening our first facility on Canadian soil.”
Effective immediately, R2G Global will assume responsibility for all sales, service, and support for the WeeGro products. The closing of the asset acquisition is expected to take place in Q4 2017, after which time, the product line will be integrated into its Broomfield, CO location.
About R2G Global
R2G Global (Rent2Grow.com) provides urban farmers with state-of-the-art facilities, agriculture classes, support from master growers, and technology that helps eliminate common safety and health hazards. R2G solves the issues many home growers face including limited space or resources, the up-front costs of a secure facility, the need for discretion and simply a lack of know-how, that can lead to dangerous conditions in a household. Municipalities, HOA’s and property management companies, have all determined that R2G is the best possible solution for this evolving market.
R2G is finalizing legislation in multiple target cities, and will be launching facilities in three states and two countries, in 2018. “Our plan is to have a minimum of 30 facilities by 2023 and realistically, we could easily achieve more than double that number.” said the Rent2Grow Co-Founder, Richard Lamb. “The need has been more than validated, from both a Public Safety and consumer perspective. Honestly, our primary business challenge, is mapped directly to keeping up with the demand. One home related grow-centric tragedy, which could have been avoided, is one too many for our team.”
For more information on Franchise (licensing) the model for your city, state, province, or country, visit www.rent2grow.com
Founded in Spring of 2016 in Ontario Canada, WeeGro provides self-contained, fully automated indoor grow boxes for medical cannabis patients authorized to grow their own medicine. WeeGro provides end-to-end service from consultation to installation.
For more information, visit www.weegro.com