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Blue Diamond Ventures Inc (OTCMKTS:BLDV) Obtains Rights To Oricann® Cannabis Lighting

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Blue Diamond Ventures Inc (OTCMKTS:BLDV) has obtained the North American privileges to the Oricann® Cannabis Grow Lights for its subsidiary firm Blue Diamond Consulting LLC. This brand of cannabis lighting has deployed advanced lighting systems in Israel, in several other vertical segments, and has now turned their focus to Cannabis Cultivation Fixtures.

The details

Josh Alper, the CEO of Blue Diamond, expressed that the focus on Induction Technology of this initial offering is considerable. The low operating temperatures together with spectrum control and energy savings makes the Oricann® exclusively suited to the Cannabis market. Induction lights utilize radio waves to yield light and are fundamentally changed from LED or HPS lighting, although Oricann® brand is not the first to launch Induction Technology, they are the preliminary manufacturer of this know-how to fully embrace the Cannabis segment with application support and tailored spectrum offerings.

Several customers of Blue Diamond have finalized on to be involved in the side by side test cultivations that will document the benefits of the Oricann® fixtures. As Cannabis Growers seek to establish a sustainable competitive benefit in the market by expressing innovative cannabinoid and genetics profiles Oricann® can be a remarkable asset to attain profitable goals. The subsidiary will get a commission on sales in North America. In addition, it will be responsible for engaging distributors in all regions starting with Canada.

In unrelated news, Blue Diamond reported that the company met with the team of Quality Green to further converse on the Site-B addition to their prevailing Cannabis Cultivation License. The operations schedule in the new building will be January 2019, which complements the build-out strategy and predicted schedule of permissions from Health Canada.

In the last trading session, the stock price of Blue Diamond jumped more than 11% to close the day at $0.001. The gains came at a share volume of 4.78 million compared to average share volume of 22.16 million.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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