DENVER and VANCOUVER, British Columbia, July 11, 2022 (GLOBE NEWSWIRE) — SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) is pleased to announce that it has entered into an agreement with Denver, Colorado based Eco Green Grow, LLC d/b/a Verde Natural (“Verde Natural”) (www.verdenatural.com). Under the terms of the first Statement of Work (“SOW”), the Company’s subsidiary, E3 Service Group LLC (“E3”), will provide services, technology and equipment to upgrade, manage , monitor and maintain Colorado’s environmental status from Verde Natural. indoor growing facility based. The value of the contract was not disclosed.
Bryson Guyer, Founder of E3, commented, “We bring expertise in optimizing the design, construction and management of cultivation projects with operators in over a dozen states, effectively managing different variables culture and environmental conditions. E3 is thrilled to partner with Verde Natural for a world-class smart installation. Each project is unique to the environmental conditions of the grow facilities and our engineering optimizes quality and yield.”
SpotLight360 is a scalable, SaaS-based technology company focused on improving collaboration and efficiency across the supply chain partner ecosystem. SpotLite360’s supply chain technology solutions deliver the product traceability, tracking, transparency and trust demanded by discerning customers and consumers. The plant process, environment and equipment designs offered by E3 leverage SpotLite360’s technology to obtain the seed-to-sale data needed to prove origin, authenticity, sustainability and product quality that consumers demand in order to gain trust in the product brand and ensure that it is produced in a sustainable manner.
Jeff Damavandi, Founder of Verde Natural, continued, “Verde Natural is founded on the principles that living soil is a vital source of nutrients and life. Our strains are carefully cultivated with the most optimal environmental conditions around the living soil like water, temperature, humidity and air quality. Verde Natural only grows with organic nutrients to allow our plants to naturally express the therapeutic and medicinal benefits of all the molecules in the cannabis plant. The design/build and data analysis of E3 is an essential part of this life cycle”.
Verde Natural’s master grower began farming in Humbolt County, California with organically nurtured no-till outdoor cultivation. In 2009, Verde Natural started in Colorado with growing indoor living soil and their products have since won numerous awards including the High Times Cup, Rooster Classic and THC Champion Top Choice. Verde Natural’s hand-grown, small-batch cannabis is considered one of the highest quality products on the Colorado market and comes from indoor cultivation in nine bloom rooms. E3 is the trusted technology provider of environmental controls for heating, cooling, humidity, air quality and filtration.
On behalf of the Company’s Board of Directors,
SpotLite360 IOT Solutions, Inc.
James Greenwell, President and CEO
For more information on SpotLite360, please visit: http://spotlite360.com
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About SpotLite360 IOT Solutions, Inc.
SpotLite360 is a logistics technology solutions provider that unlocks value, opportunity and efficiencies for all participants in a supply chain. Building on existing applications of IoT technologies, distributed ledgers, and machine learning, SpotLite360 strives to set new standards for transparency, integrity, and sustainability in the pharmaceutical, healthcare, and healthcare industries. farming. As regulators around the world begin to impose new traceability and liability requirements for consumer protection (for example, DSCSA and FSMA of the United States Food and Drug Administration), the need for reliable, cost-effective and versatile tracking technology is expected to increase dramatically. SpotLite360’s flagship SaaS solution was designed to seamlessly track the movement of a product by integrating with the systems of all major players in a supply chain from raw materials to the hands of the end consumer. With a primary goal of onboarding new customers in 2022, SpotLite360 plans to explore innovative use cases for its proprietary technology stack that could transform logistics workflows in some of the world’s largest industries.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws with respect to the Company. The forward-looking information included in this press release is not based on historical facts, but rather on the expectations of the Company’s management regarding the Resulting Issuer’s future growth, results of operations, performance, prospects business and its opportunities. This press release uses words such as “will”, “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate” or similar expressions to identify forward-looking information. This forward-looking information reflects the current beliefs of the Company’s management, based on information currently available to it.
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In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are based on certain assumptions and analyzes made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors it deems appropriate and subject to risks and uncertainties. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, potential investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will be consistent with the Company’s expectations and projections is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including including those listed in the Company’s non-offer prospectus dated May 26. , 2021.
Should one of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from those anticipated in the forward-looking statements. The information contained in the forward-looking statements in this press release is provided as of the date of this press release, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information or events. or future results, except as required by applicable securities laws. Accordingly, prospective investors should not place undue reliance on any forward-looking statements or the information contained in such statements.
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