Nanolux is a manufacturer of lighting and ballasts for the hydroponic market, with sales in excess of $100 million and distribution to over 600 retailers throughout the U.S.
This exclusive distribution contract adds to the portfolio of products currently marketed by CMDV to the rapidly growing Canadian marketplace for cannabis growth and production.
READ: The Hydroponics Company raises $8 million to fast-track development of medicinal cannabis in Australia
Nanolux products allow lighting to be regulated in order to optimise growing conditions through a unique cloud based control system.
Importantly, users can monitor and control their entire facility from anywhere in the world from an Apple or Android device using the NCCS App.
David Radford, chief executive officer, said: “The addition of this new range of lighting products to CMDV’s hydroponic portfolio is a significant step forward in the execution of THC’s growth strategy for Canada.”
The Hydroponics Company is aiming to build its business organically by adding new agencies to its portfolio while advancing discussions with several acquisition targets.