Cultivation Archives - Green Market Report

StaffStaffApril 9, 2021
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3min2400

In 2020, Trulieve created a new brand called the “Old Hippie Stash.” The Bellamy Brothers David and Howard hand selected attributes for three stains of medical cannabis.

With the 50th anniversary of ‘420’ just around the corner, Trulieve, Florida’s largest chain of medical marijuana treatment centers, is celebrating one year of collaboration with celebrity country music band “The Bellamy Brothers.”

The three strains of medical marijuana available only at Trulieve are “Reggae Cowboy,” “Afterglow,” and “Big Love.” The Reggae Cowboy and Big Love strains are Sativa hybrids, while Afterglow is a straight Indica to promote relaxation and can help with pain relief.

Valda Coryat, Trulieve’s Chief Marketing Officer, along with David and Howard Bellamy (The Bellamy Brothers) were interviewed by Lori Reese of MarijuanaDoctors.com via Zoom. The live interview shares a candid discussion that fans will want to hear. From life on the “Honky Tonk Ranch” to the changing role of medical cannabis as an alternative medicine. The award-winning musical duo also talks about the country music talents that were lost due to COVID-19, and their songs about the pandemic, including “Rednecks Looking for Paychecks” and “No Country Music for Old Men.” A tribute to Kenny Rogers, Charlie Pride, and other legendary country crooners.

The one-year anniversary of the “Old Hippie Stash” is April 9th. The Bellamy Brothers and Trulieve are celebrating by giving away 15 gift boxes for fans. Participants (USA only and 21-years of age and older) can enter on the MarijuanaDoctors.com blog post about the interview: https://www.marijuanadoctors.com/blog/bellamy-brothers-1st-anniversary-interview/

Winners will be randomly selected and announced by MarijuanaDoctors.com on Facebook, on Monday April 12th.

 


StaffStaffMarch 22, 2021
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6min4670

Hydroponic chain store giant GrowGeneration Corp . (NASDAQ: GRWG ) is buying the leading wholesale agriculture platform Agron.io for an undisclosed amount. GrowGen said it expects Agron will contribute $20 million in revenue for this year. The stock was trading higher in early trading to lately sell at $56.94.

Agron.io offers commercial pricing, real-time inventory, and one of the largest product catalogs in the industry, with over 10,000 products in over 60 categories, including greenhouses, vertical benching, controlled environmental systems, HVAC, and industrial equipment. The platform manages real-time product updates, tier-pricing changes, case quantities, pallet quantities, profit margin projections, hazmat fees, ETL/UL listings and state chemical regulations, as well as guarantees the latest shipping quotes using API generated pallet and box shipping rates.

“As additional legal cannabis markets continue to open up across the country, we are expanding and enhancing our commercial services, from facility design and consulting to volume product pricing, to deliver best-in-class support for large growers,” said Darren Lampert , GrowGen’s CEO. “The Agron.io platform is a strategic and exciting addition to our portfolio and comes with a highly skilled team of customer service experts trained to help growers navigate the complexities of planning, growing and sustaining a commercial agriculture facility.”

The company said in a statement that Agron.io was launched in 2016 and is based in Denver, Colorado. Agron.io’s team of specialists has overseen more than 200 buildouts, managing every aspect from light layouts and photosynthetic photon flux density (PPFD) calculations, to vertical benching, irrigation and HVAC design, to fertigation and integrated pest management. They also provide financing options and manage administrative matters such as online purchasing history and order tracking.

“We developed Agron.io to provide next-level support for commercial growers, whose orders are extremely time-sensitive,” said John Dreibelbis, Agron.io’s CEO. “By joining forces with GrowGen, we can reach even more commercial growers with enhanced services, competitive pricing, and drop-shipping from the nearest GrowGen distribution center.”

With the addition of Agron.io Powered by GrowGen for commercial accounts, GrowGen said it will continue to operate its e-commerce platform GrowGeneration.com for retail and craft cannabis and organic produce growers. The GrowGeneration.com site features online ordering of over 10,000 products, ranging from organic nutrients and soils to advanced lighting technology; enhanced order tracking; buy online pick up in-store (BOPIS) capability; a virtual garden center with 16 product departments; and a GrowPro channel featuring educational and how-to content from grow specialists.

Jeff Gordon, Co-Founder, and CTO stated, “Agron.io was created to give commercial customers real-time data to manage their purchasing and logistics. Connecting our technology with the Grow Generation distribution network, and a world-class team of commercial experts, we now have a platform that is a complete game-changer for our evolving industry.”

The Agron.io acquisition is GrowGen’s eighth this year and follows yet another quarter of record earnings. In January, the Company pre-announced fourth-quarter revenues of $61.5 million, bringing full-year 2020 revenue to $192 million , up 140% from 2019. Same-store sales increased 63% for full-year 2020, compared to the previous year. The Company also raised its 2021 revenue guidance to $335 million – $350 million and raised its 2021 adjusted EBITDA guidance to $38 million – $40 million. GrowGen plans to have 55 garden center locations by the end of 2021.


StaffStaffFebruary 23, 2021
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4min4080

GrowGeneration Corp . (NASDAQ: GRWG) is buying San Diego Hydroponics & Organics, a four-store chain of organic, hydroponic and aquaponics garden centers in San Diego, California. The company said that San Diego Hydroponics & Organics is San Diego County’s premier hydroponic equipment supplier, with annual revenues approaching $10 million. GrowGen did not say what it paid for the company.

This latest acquisition brings the total number of GrowGen hydroponic garden centers to 50 stores.  In California, the country’s largest legal cannabis market, GrowGen now has 17 stores,  with eight of those stores located in Southern California.

Southern California is a priority market for GrowGeneration, and we are excited to add San Diego Hydroponics & Organics to our ever-expanding footprint there,” said Darren Lampert, GrowGen’s CEO. “As the leading hydroponics supplier, San Diego Hydroponics & Organics strategically positions GrowGen to conveniently provide our services to commercial growers in the Southern California market.”

San Diego Hydroponics & Organics was founded in 2001 by Todd Kent. The company first opened its doors with an 800-square-foot store in Pacific Beach, California, and has since expanded to four locations with more than 20,000-square-feet of retail space and 20 employees, who will join GrowGeneration’s team of over 500 grow professionals as part of the transaction.

“Since 2001, we’ve remained committed to our goal of supplying Southern California with top-quality products, cutting-edge horticultural technology, and unbeatable customer service. Our partnership with GrowGen, the nation’s clear leader in hydroponics, allows us to marry decades of combined cultivation expertise and knowledge to better serve the Southern California market,” said San Diego Hydroponics & Organics’ founder Todd Kent .

The San Diego Hydroponics & Organics acquisition is GrowGen’s fourth this year and follows yet another quarter of record earnings. In January, GrowGen pre-announced fourth-quarter revenues of $61.5 million, bringing full-year 2020 revenue to $192 million, up 140% from 2019. Same-store sales increased 63% for full-year 2020, compared to the previous year. The Company also raised its 2021 revenue guidance to $335 million – $350 million and raised its 2021 adjusted EBITDA guidance to $38 million – $40 million. GrowGen plans to have 55 garden center locations by the end of 2021.

The four analysts covering GrowGen have an average price target of $56.43 according to Yahoo Finance. The stock was lately trading at $49.50, down from its 52-week high of $67.


StaffStaffFebruary 1, 2021
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4min4340

It seems a month doesn’t go by without  GrowGeneration Corp . (NASDAQ: GRWG ) making another acquisition. February is only just starting  and the hydroponic store chain has said it is buying Grow Depot, a two-store chain in Auburn and Augusta, Maine. The acquisition brings the total number of GrowGen hydroponic garden centers in Maine to five, with locations in AuburnAugustaBiddefordBrewer, and York.

“It’s a very exciting time in Maine’s adult-use market, and we’re pleased to expand our footprint in the state through our acquisition of Grow Depot, which has proudly served the Central Maine area for nearly a decade,” said Darren Lampert, GrowGeneration’s CEO. “With our expanded footprint, the Maine market is expected to generate 2021 annual revenues of over $20 million for GrowGen.”

Founded in 2012 by Jim Parisi, Grow Depot carries a large catalog of equipment for indoor growing and hydroponic systems. As part of the transaction, both Jim and Anthony Parisi, with over two decades of experience in the indoor growing supply industry, and their 10 employees will join GrowGen’s team of more than 450 grow professionals.

The Grow Depot acquisition is the company’s second of the year and follows yet another quarter of record earnings. Last month, the Company pre-announced fourth-quarter revenues of $61.5 million, bringing full-year 2020 revenue to $192 million, up 140% from 2019. Same-store sales increased 63% for full-year 2020, compared to the previous year. The Company also raised its 2021 revenue guidance to $335 million – $350 million and raised its 2021 adjusted EBITDA guidance to $38 million – $40 million. GrowGen plans to have 55 garden center locations by the end of 2021.

The stock hit the $53 mark in January, but then it seemed investors took some profits as the stock has slid back to the $43 range. Both Roth Capital and Ladenburg Thalmann downgraded the company to neutral which may have been the reason why the stock slipped. The average price target is $52.71 according to Yahoo! Finance.


Debra BorchardtDebra BorchardtJanuary 29, 2021
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6min6540

Indoor agriculture company Agrify Corporation (Nasdaq: AGFY) has listed its shares on the NASDAQ after pricing its upsized initial public offering of 5,400,000 shares of common stock at a price of $10.00 per share for total gross proceeds of $54 million. The shares began trading on the Nasdaq Capital Market under the symbol “AGFY” on Thursday.

Raymond Nobu Chang, President & CEO of Agrify said, “We’re beyond thrilled to officially announce our IPO. This is an incredible step forward to solidifying Agrify’s foothold in the indoor agriculture and tech space. We look forward to empowering a generation of modern growers to achieve better consistency and quality through the understanding that cultivation techniques must evolve to meet the market’s future needs.” The company said that it does not cultivate, come in contact with, distribute or dispense cannabis or any cannabis derivatives that are currently prohibited under U.S. federal law, but notes that its cultivation solutions can be used within indoor grow facilities by cannabis cultivators if they choose to do so.
In addition to the shares that began trading, Agrify has granted the underwriters a 45-day option to purchase up to an additional 810,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on February 1, 2021, subject to customary closing conditions. Maxim Group LLC and Roth Capital Partners are acting as joint book-running managers for the offering. The company reported net revenue of $4 million in 2019, which grew to $7.7 million for nine months ending September 30, 2020. The net losses were $8.5 million for those nine months in 2020.

Backlog

As of December 31, 2020, Agrify said its backlog, which consists of purchase orders or purchase commitments, was $59.3 million. In the company’s filing, it said, “We expect to recognize revenue of approximately $40 million in 2021 and the rest gradually thereafter. As of December 31, 2020, we have $105 million of carefully vetted potential sales opportunities (which we refer to as our qualified pipeline). Of this, $78 million of the qualified pipeline was generated through our company directly and $27 million through our Agrify-Valiant Joint-Venture. We are presently working to convert this pipeline into confirmed bookings over the next 12 months.”

Horizontal Modular Growing

“We believe that our AVFU is the only product on the market that offers a modular, compartmentalized micro-climate growing system for indoor vertical farming. These 8.5 ft. long x 4 ft. wide x 9.3 ft. tall units each have two tiers of growing space. They are designed to line up horizontally in rows, and they can be stacked vertically up to 3 units tall allowing a total of 6 layers of canopy, effectively taking advantage of previously unused indoor vertical space. The AVFU is a premium indoor grow solution with an MSRP starting at $20,000, and our most recent AVFU deals have been for between 60 and 535 units as our new customers become satisfied that our grow solutions will be an instrumental part of their operations moving forward. We are targeting large scale projects that range in size from $1 million to over $10 million in AVFU hardware sales before any additional revenue from our Agrify Insights™ software and ancillary products and services are realized.”

“A key component of our cultivation solution is our proprietary software, Agrify Insights, which has been developed in-house. This cloud-based software interfaces with a microservices middleware and relational database that integrates with our hardware and provides our managers, facility owners, facility managers, and growers real-time control and monitoring of facilities, growing conditions, and insights into both production and profit optimization. The combination of precise environmental control and automation with data collection and actionable insights empowers our customers to be more efficient, more productive, and more intelligent about how they run their businesses. We believe that the robust data analytics capabilities from our Agrify Insights platform coupled with our AVFU system is enabling our customers to transform their businesses and quality of the product they are cultivating.”


Gretchen GaileyGretchen GaileyDecember 23, 2020
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5min6800

Editors Note: This is the final story in a three-part series.

Pests and contaminates are a given in the cultivation of cannabis, and most standards developed to control these on other agricultural products don’t apply. This is why the U.S. Pharmacopeia has stepped in to provide analytical methods and risk-based limits for the industry to help protect public health, including looking at how cannabis is grown, not just at how it hits the shelves.

“Cannabis is susceptible to pest infestation whether grown indoors or outdoors, which means cultivators often turn to pesticides to ensure their harvest. However, pesticides can be quite dangerous if not used appropriately to make sure residue levels are not higher than they should be. This could be especially true if consumed by someone with a health condition who may be taking the plant for medicinal purposes” said Robin Marles, Ph.D., chair of the U.S. Pharmacopeia (USP) Botanical Dietary Supplements and Herbal Medicines Expert Committee.

USP has assembled an expert panel of clinicians, scientists and industry representatives from around the world to provide necessary information and guidance all laid out in the Journal of Natural Products, Cannabis Inflorescence for Medical Purposes: USP Considerations for Quality Attributes.

Recent cases in the U.S. and Canada of consumers being exposed to residues of pesticides unauthorized for use or used off-label on cannabis have resulted in recalls and increased public and regulatory concerns. In the U.S., crop-specific pesticide limits are established by the U.S. Environmental Protection Agency (EPA) for foods, but no approved pesticide or pesticide limits exist for cannabis. And levels of pesticides deemed appropriate to protect public health and safety for food products may not necessarily apply to cannabis, since cannabis is typically smoked or vaped.

Although U.S. state requirements may provide some guidance to control specific pesticide contaminants, additional pesticide residues that are not expressly permitted by these states may also be detected on cannabis due to environmental drift or persistence or through incidental contamination. 

“Even if you do not apply pesticides, you might find pesticide contamination from neighboring agricultural fields through environmental drift,” said Nandu Sarma, Director, Dietary Supplements and Herbal Medicines at USP. 

To date, Canada has the strictest requirements for pesticides among countries and U.S. states that regulate the use of cannabis. USP has pesticide standards for oral botanical drugs, but they are not exhaustive. Many of the pesticides used to control pests for cannabis such as powdery mildew, botrytis or spider mites are not listed in USP’s general chapter that describes pesticide levels for botanical dietary supplements.

Based on the multiple possibilities for contamination for pesticides, USP recommends  a cautious approach, with maximum acceptable exposure limits for each pesticide that are 1,000 fold lower than the acceptable daily intake limits established by the Food and Agriculture Organization of the United Nation (FAO) and World Health Organization (WHO).

“It is important that USP guidelines address the quality controls for actual plant material as the starting point, besides the quality controls for the finished product” said Ikhlas Khan, Ph.D., USP Cannabis Expert Panel chair. 


Gretchen GaileyGretchen GaileyDecember 22, 2020
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4min7901

Editors Note: This is part two of a three-part series.

Blue Dream, Purple Haze, Girl Scout Cookies, Red Headed Stranger, Acapulco Gold, Fruity Pebbles or Pineapple Express… all classic strain names and all of them meaningless.

“Strain names are absolutely misleading with considerable variation in the same cannabinoid content among different specimens of the same strain. You can get the same color and the same smell, but actually levels of the THC and CBD and some of the other compounds could be quite different,” says Robin Marles, Ph.D., chair of the U.S. Pharmacopeia (USP) Botanical Dietary Supplements and Herbal Medicines Expert Committee.

USP has assembled an expert panel of clinicians, scientists and industry representatives from around the world to provide necessary information and guidance on critical quality attributes, including recommendations for naming , all laid out in an article in the Journal of Natural Products, Cannabis Inflorescence for Medical Purposes: USP Considerations for Quality Attributes.

“USP recommendations are entirely focused on the inflorescence of the cannabis plant, popularly known as the flower or ‘the bud.’ And as with any plant product, the first challenge was to determine how to classify the various varieties and subtypes that are currently in use.” said Ikhlas Khan, Ph.D., USP’s Cannabis Expert Panel chair.

USP has elected to recognize cannabis as a single plant species, Cannabis sativa L., with different varieties or subtypes that can then be classified based on their THC and CBD content. The expert panel provided guidance for organizing the plant material into three “chemotype” categories: THC-dominant, CBD-dominant, or intermediate varieties that contain physiologically meaningful levels of both – intending to give prescribers or consumers greater clarity about what substances they are using.

In order to properly identify and quantify these cannabis varieties, USP’s expert panel recommended the use of science-based analytical procedures for the industry to employ.  This entails the use of high-performance liquid chromatography (HPLC) and gas chromatography (GC) to separate and quantify not just THC and CBD, but also 11 other cannabinoids that are less studied, but may also have an impact on the effect of cannabis products.

USP  has also looked at the composition of terpenes, which are largely responsible for the flavor and odor of cannabis. They identified five different terpenes that are especially abundant in cannabis that could also help with classification: myrcene, limonene, terpinolene, pinene and caryophyllene. Terpenes may form the basis for further subcategorization of cannabis chemotypes to establish the impact of these substances on the pharmacological effects of cannabis products when used in clinical practice. 

“Naming cannabis varieties based on detailed profiles of cannabinoid and terpene content can also help guide prescribers and help ensure that patients are consistently receiving the cannabis varieties that they intended,” said Nandu Sarma, Director, Dietary Supplements and Herbal Medicines at USP.

 


Cynthia SalarizadehCynthia SalarizadehNovember 25, 2020
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16min16821

The holiday season is right around the corner! So what do you get the cannabis grower in your life?  Although the obvious choice might be a pair of socks decorated with cannabis leaves,  for the more sophisticated cannabis cultivator, we’ve found 14 gifts every grower would be stoked to receive. 

1. A mobile farm radio for grows in weak cell reception areas

Don’t let a weak signal put your communications in jeopardy! With a farm radio from Midland, you’ll always be able to get in touch with team members. The system from Midland can provide a range of up to 50 miles in areas with little or no obstruction.

2. Software to streamline their operations 

Traditionally, growers have used notebooks and whiteboards to track daily tasks and record grow data. But as the industry matures and operators scale their businesses, a need for smarter tools is born.

Meet Trym– user-friendly software built just for cultivators. Trym’s task management system allows a team to map out its tasks for a new plantings’ entire growth cycle. And Trym’s integrations with leading environmental sensors automate the monitoring of grow conditions. 

The coolest part is being able to access past data on harvests in order to optimize future ones. One thing all growers have in common is that they never stop trying to improve.

Help the grower in your life reach the success they deserve. With Trym they’ll quickly increase their operation’s productivity and consistency.

3. An environmental controls system to keep conditions at optimal levels

The professional grower who’s into tracking all of their environmental conditions will dig TrolMaster products for their powerful control systems and sensors that monitor lighting, temperature, humidity, and CO2.

Imagine how a plant experiences the sun outdoors, with gradual light intensity increasing from morning to afternoon. Now, a grower can program the light cycle and specific environmental conditions they desire to simulate natural outdoor conditions.

4. Microbiometer for quick and affordable soil tests

For farmers growing in soil, microbial biomass is considered to be the best indicator of soil health. With a product like a Microbiometer, growers can take their own on-site soil tests in only 10 minutes. 

Results are read through a mobile app and data is stored for later analysis. This is a great tool to track and evaluate the effectiveness of soil amendments. And for those who simply need to know their soil is healthy as can be, the Microbiometer is a fast and affordable way to do so.

5. Rapid wireless charging for long days 

12-hour days, lots of communication, research and note taking can take a toll on a grower’s phone. That’s why having a quick and easy way to charge up throughout the day is crucial. 

That’s where this Belkin charging stand comes in as the perfect gift. It offers up to 10 watts for Apple and Samsung so that you spend less time charging and more time tending to crops. 

6. A botanical illustration to dress up your wall

For a tasteful depiction of the beloved cannabis flower, these gorgeous prints from Goldleaf make a wonderful gift for anyone in the cannabis industry. 

Plus, all proceeds raised from these prints are donated to Project Sanctuary, an organization that helps military families and veterans returning from service. 

7. A garden gnome to watch over the crop

Help keep things lively in your grower’s work space. Whether they cultivate outdoors or in, a properly placed garden gnome will surely bring smiles. 

Gnomes are symbols of good luck and they are thought to provide protection. Who better to keep a close watch over a crop or home. There are plenty of gnomes to choose from–both big and small, so choose one that fits your grower’s personality.

8. Jeweler’s loupe to keep a close eye on the trichomes

After months of caring and nurturing their plants, one of the most important moments in a grower’s journey is deciding when it’s time to harvest. 

Growers listen to their plants and pay close attention to the trichomes, or resin glands on cannabis flowers. When they change from clear to milky, that’s when they know it’s time.

To monitor the trichomes, growers must be able to see them close up. This jeweler’s loupe has a handy LED light so they can see their handiwork day or night

9. Method 7 glasses for eye protection

Spending lots of time under grow lights can do serious damage to a grower’s eyes. Modern grow lights manipulate the natural light spectrum to mimic the sun’s rays, and too much exposure is not a good thing.

Every grower should protect their eyes while working in a grow room or light-assisted greenhouse. The most popular, high quality glasses in the industry are made by Method 7.

You’ll need to ask the grower what kind of lights they grow under because Method 7 makes glasses for all types including HPS, LED and Metal Halide.  

10. Airtight UV glass storage jars to keep their herb fresh

The freshness of cannabis diminishes rapidly with time, and the most harmful elements are oxygen and light. 

For a grower who smokes and wants a tasty, high-quality smoke each time, gift them a premium air-tight ultraviolet glass jar.This UV glass container from Masterdam will store and preserve their herb, increase its shelf life, and prolong its potency.

11. Smartphone camera lens for better quality grow photos and videos

One thing all growers have in common is pride in their work. Give them an opportunity and they’ll talk at length about their unique approach and how it results in the best cannabis possible. 

And they’re most likely to show you with a picture or video of their room. The issue is that if they don’t have a special filter on their phone, their shots will come out orange (if growing under HPS bulbs). 

This clip-on lens filter attaches to a phone and filters out the red-spectrum light to help the growers showcase their prized garden. 

12. A utility holster organizes necessities 

Growers have lots of tools and items they need within reach. It’s a hassle to pack your pockets before you step into the grow area and then clean them out each day. Instead,  this utility holster does a better job of keeping their things tidy and in one place. 

The holster easily clips on to waistbands, belts, or straps, and makes the perfect gift for someone needing a little bit more organization in their work space.

13. Hemp Coasters to bring their passion into their living space

These aren’t just any coasters. They’re made of hemp rope and are a subtle but distinct nod to the cannabis and hemp industry. These coasters are hand-made and can be found on Etsy.

Forget plastic, hemp is the promising crop towards increased sustainability. A simple, yet unique gift for any and all growers. 

14. Lava soap for clean and smooth hands

Anyone who has  worked with cannabis knows how sticky the flowers are. Even short tasks like pruning or deleafing result in sticky hands that are layered with resin from the plants.  

Regular old soap doesn’t cut it, which is why the perfect stocking stuffer for the growers in your life is Lava Soap.

This pumice soap cuts through all that resin and is a heavy-duty alternative to regular soap. Help a grower keep their hands clean and soft with this pumice soap, used by many since 1893.

 


StaffStaffOctober 28, 2020
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7min7590

Editors Note: This is a guest post.

As a cannabis grower, small increases in your profit margins can make a big difference in the success of your business. And if you want to scale your operations, you need to focus on getting the small details squared away.

5 Ways to Increase Profitability

As cannabis becomes destigmatized as a legitimate industry, it’s imperative that growers and retailers become even more focused on cleaning up business processes and optimizing for profitability. Here are some specific ways you can do just that:

  • Get to Know Your Numbers

 

You can’t strategically boost profit margins if you don’t know what your profit margins are to begin with. To find your profit margin, simply subtract your total business expenditures from your total revenue. This provides your net income. Then take your net income and divide it by your total revenue. This leaves you with your profit margin. 

It’s also important to know metrics like how much it takes you to produce an ounce or a gram of marijuana; how much you can sell different products for; which products are most profitable; which products have lower margins; etc.

You don’t need to be a CPA to understand the basic numbers behind your business. Any time you invest in analyzing this side of your company will serve you will over the long run.

  • Optimize Floor Space

 

As expensive as warehouse space is in most parts of the country, it makes sense that you’d want to make better use of your floor space. In fact, optimizing your floor space is one of the smartest things you can do to boost profits. The more you can grow within a limited footprint, the better your numbers will be.

In addition to vertical cultivation strategies, which allow you to make better use of limited space, you should find the correct crop density for each specific strain you’re growing. 

“When you begin to work with tighter plant density, your nutrient requirements are less, you can utilize labor better, you can more easily cycle plants so your harvest can [be continuous],” says Jim Ott, CEO of Precision Cultivation, which focuses on plant genetics. “If you’re making it like a manufacturing [facility], in terms of your workflow, those are ways to bring some efficiencies.”

Ott encourages growers to stop thinking in terms of traditional measurements, like pounds per bulb, and instead focus on more comprehensive formulas and calculations, such as cost per square foot. 

  • Automate Where You Can

 

Anything you can do to reduce labor with automation is going to benefit you in the long run. Labor is by far one of the greatest expenses. Whether it’s hand watering, trimming, moving plants around, or packaging, overreliance on laborers will cost you.

Automate wherever you can. One good option is to use automatic grow light lifters, which make it easier to move lights, increase production, and achieve more consistent and faster harvest rates.

A fertigation system is also useful. It will automatically inject important nutrients into your hydroponic grow, which eliminates the need for manual involvement. Again, major savings.

  • Consider Outside Investments

 

As the saying goes, it takes money to make money. If you’re struggling to scale your operation to the level that’s required to maximize profitability, perhaps you should think about welcoming in an outside investor. 

While there’s still a lot of red tape on cannabis business investments in the United States, restrictions are loosening, and more venture capitalists and investors are looking for ways to get involved. This could be a good way to inject some cash into the business and fund necessary improvements or expansion. 

  • Cut Energy Costs

 

Energy is obviously a significant expense. One strategy is to lower energy use by ensuring all equipment is appropriate to the specific needs of your site. Under- or over-sized equipment can dramatically impact energy efficiency, hurt production, and kill cash flow. Furthermore, you need to know the hours of peak demand so you can minimize energy use during these hours. 

Ready, Set, Grow!

The beauty of our industry is that there are so many different strategies, business models, and avenues for success. But regardless of which paths you choose to pursue, profitability must be one of your primary concerns. And the more you’re able to grow your profitability, the more you’ll be able to scale and expand in ways that are meaningful.


StaffStaffOctober 23, 2020
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4min11850

Editors Note: This is a guest post.

Cannabis has different strains. Picking the right one is crucial for one to get the feeling that they are looking for. One can choose to go with those that contain THC or the ones that do not have this component such as CBD oil. Important to note is that cannabis is not legal in most states, and one must bear this in mind before trying to buy any weed product. For countries where the use of cannabis is permissible, it is best to buy from authorized dealers to make sure that the weed bought is good quality and free of harmful substances. Back street dealers tend to lace their product with other substances that can alter the normal functioning of the body.

Medicinal marijuana does not contain THC in most cases if not all, since the feeling of highness may augment certain symptoms. Those using for leisure need to know how to pick the best brands. Below we discuss how to choose the best cannabis strain.

Know the options available

The three significant strains of marijuana are Indica, Sativa, and hybrid. Hybrid is a combination of the two major strains. Sativa and Indica. It elicits mixed reactions for the body and mind since the two mixed to form the blend affect the user differently. Sativa strains have an energizing effect on the user, influencing them to be active and take part in different activities. Indica, on the other hand, is more relaxing and after using any of the strains in this family, the user tends to be laid back with a deep sense of relaxation. The choice between the two depends on personal preference and the feeling that one is looking for.

Get to know the strains

After knowing the significant types available, one ought to dive deep to understand the strains and the category they fall into. The purpose of the cannabis will help one decide on the strain to buy as they are knowledgeable about how they work. Availability of the strain in one’s locality is among the many factors that one should review when researching This is to ensure that the product they pick is readily available. They do not have to ship from another region as this will increase the cost of getting cannabis.

Identify the smell

Each of the products that are available in the market has a distinct smell. Some have sweet and fruity notes, while others have an earthy smell. Other strains have a skunky smell that hangs around and makes it easier for others to tell that one is using cannabis. Choosing the smell is dependent on individual tastes. Knowing the smell of the product you want to buy is essential as it will affect usage among other factors.

Although the research is important, one should not rely on the information they get only. When buying from a brick and mortar store, a visit to the premises will help one make the perfect pick. Examining the product and asking the store attendants about the products they have will help one make an informed choice.

 

 



About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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