SAN DIEGO, May 18, 2017 /PRNewswire/ --
AV1 Group, Inc. (OTC Pink: AVOP), a publicly traded investment and holding company announced today that the Company, through a wholly owned subsidiary CannaLighting in partnership with Apollo Smart Lights, a provider of intelligent LED lighting solutions, has finished beta testing its proprietary prototype LED system for cannabis in Denver, Colorado and is preparing for launch of sales and marketing.
Apollo, who will manufacture the lighting product for the Company, has also granted the Company an exclusive license to market Apollo's line of products for Oregon, Washington, California, Nevada and Mexico; all prime cannabis growth territories.
The new LED system addresses and solves a key problem common to all 'horticulture' growers, the timing from vegetative to bloom. The system enables this process to proceed as quickly as possible and increases cost-effectiveness of the growth cycle.
The LED lighting sector is an intricate key to the indoor agricultural environments that these harvesting facilities represent, since the majority of these crops are grown indoors. U.S. retail cannabis sales will rise more than five-fold, from an estimated $2.2-$2.6 billion in 2014 to $7.4-8.2 billion in 2018, according to an article recently published by Marijuana Business Daily.
The Company further announced that it has landed its first sale of its proprietary LED system to an emerging private grow facility in Southern California, that is preparing to open a new facility that is 10 times its present footprint. Expected delivery in the next 45 days.
AV1 Group is actively continuing to develop the ventures recently announced, and intends to keep shareholders fully informed as projects unfold.
Lisa Landau, Director of Lighting, stated: "Now that the LED system has had a successful beta test, we are quickly transitioning into the sales and marketing of our new system. In addition to this initial sale, the Company is also conducting a test with another large scale commercial facility in Northern California."
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About AV1 Group, Inc.:
AV1 Group, Inc. is a publicly traded investment and holding company established to identify, secure, and monetize emerging growth companies, technologies and e-commerce businesses positioned for exponential growth. The Company seeks to discover inspired entrepreneurs with revolutionary concepts, which can make a substantial footprint in markets that the Company believes to have considerable growth potential. AV1 Group, Inc.'s comprehensive business model also includes a division which delivers internally created projects that are poised for revenue generation, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, thus providing a significant resource of experience, knowledge and expertise to every venture. AV1 Group, Inc. explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in their chosen markets. For more information, visit: http://www.av1group.com/
CannaLighting is a wholly-owned subsidiary of the Company. The CannaLighting sector of the corporate structure is actively building strategic relationships in the LED sector in accordance with a marketing model that, while requiring a minimal budget to launch, will yield the potential opportunity to be able to provide solutions for an ever increasing number of grow houses and cultivation centers nationally.
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