Pure Roots Holdings Reaches Funding Approval with Federal/Provincial Program, Partners with Prestigious University of Regina
24 September 2020 - 3:10PM
InvestorsHub NewsWire
Pure Roots Holdings
Reaches Funding Approval
with Federal/Provincial Program, Partners
with Prestigious University of Regina
SASKATOON,
Saskatchewan -- September 24, 2020 -- InvestorsHub NewsWire
-- Grow Solutions
Holdings, Inc. (OTC
PINK:
GRSO) announces
today
that
Pure
Roots Holdings Canada has been approved by the Canadian
Mitacs
program,
subject
to GRSO
final
approval and first
payment,
to further its research
and development programs.
This will be a collaborative effort with one of the University's
finest researchers in the areas of Artificial Intelligence and
Machine Learning.
Mitacs is a
non-profit national research organization that, in partnerships
with Canadian academia, private industry, and the government,
operates research and training programs in fields that are related
to industrial and social innovation.
GRSO will be able to
further analyze plant imagery through
a large database of
images and analyze the
plants' growth and
structure under different
conditions, with the goal of
making predictive
assumptions about the plants'
future
growth
tendencies and better
planning
the
plant
growth variables
accordingly. GRSO will analyze
specific indicators in the plant images using several types of
specific cameras and sensors in order to gain deeper
understanding
of how the growing
conditions and growing mediums affect the
plants' health to maximize
production.
Our CEO, Chad
Fischl,
stated that "GRSO is looking forward to continuing our
collaboration with the University of Regina. This will enable vast
expansion into the development of our Pure Roots
subsidiary
and optimizing plant
growth in our AeroPods.
This is a rare opportunity to get to work with the
Mitacs
program
in this
role and we hope that it truly validates our commitment to our
business. Additionally, we are confident this intellectual property
will further
contribute to our
strong base of technologies that
we have already developed within the company as we further our
expansion and growth."
CEO Chad
Fischl
further
stated,
"I would also
like to
address the multiple inquiries we have received from shareholders
regarding the concern over a reverse split. At this time we have no
intention of undertaking
a reverse
split, as we fully intend to
preserve shareholder value, while growing the
brand and technology base."
Read more about Grow
Solutions Holdings, Inc. and its wholly-owned subsidiary Pure Roots
Holding, Ltd., on our official website, as well as further
information about the Company and its latest news
releases at
http://www.aerogrowmanufacturing.com
,
www.purerootsfarms.com, www.grsoinvest.com.
Chad Fischl
Chief Executive Officer and Director
PO Box 2869
Jackson, WY 83001
(360) 612-0180
Source: Grow
Solutions Holdings, Inc. (GRSO)
Forward-Looking
Statements:
This press release
may include certain statements that are forward-looking in nature
and that involve a number of uncertainties and risks. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in this press release are based on Grow
Solutions Holdings, Inc., current expectations and projections
regarding future events, which are based on currently available
information. The forward-looking statements in this press release
may also include statements relating to Grow Solutions Holdings,
Inc.'s anticipated new developments, business prospects, financial
performance, strategies and similar matters. Grow Solutions
Holdings, Inc. disclaims any obligation to update any of its
forward-looking statements, except as may be required by
law.
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