Ontario-based tech company Kontrol Energy (CSE: KNR) (OTC: OTSHF) (FSE: 1K8) engages in the integration of smart-energy technologies and solutions to deliver energy cost savings and reduced greenhouse gas emissions to both commercial and industrial properties. The company is utilizing this strategy to help companies cut costs in the booming cannabis industry. An article discussing the company reads, “Energy costs are a big part of the equation. Using traditional growing methods, it takes about 2,000 kilowatt-hours (kWh) of electricity to produce a pound of cannabis product. That’s roughly the same energy consumption as an average household over a period of two to three months. To produce 1,000 pounds per annum would cost C$188,000 at the current mid-peak price of 9.4¢ per kWh — much, much more (C$264,000) at the on-peak price of 13.2¢ per kWh (http://ibn.fm/dUPil). . . . However, Kontrol Energy is offering ways to cut those costs. In July 2018, the company announced that it was entering the North American cannabis market as a supplier of integrated energy efficiency solutions and technologies (http://ibn.fm/Gz7Xs). Through its operating subsidiaries and its most recent energy technology acquisition, Kontrol is focused on assisting cannabis growers reduce their costs of energy.”
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About Kontrol Energy Corp.
Kontrol Energy (CSE: KNR) (FSE: 1K8) is a leader in the energy efficiency sector through IOT, cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy provides market-based energy solutions to its customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions. For more information, visit the company’s website at www.KontrolEnergy.com.
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