Water Ways Technologies Inc. (TSXV:WWT) was featured in a video by Investment Pitch Media regarding its recently closed acquisition of Heartnut Grove, a Canadian distributor of irrigation and agriculture components.
Water Ways Technologies Inc. (TSXV:WWT) was featured in a video by Investment Pitch Media regarding its recently closed acquisition of Heartnut Grove, a Canadian distributor of irrigation and agriculture components based in Mount Brydges, Ontario. After paying C$475,000 in cash and C$25,000 in shares, Heartnut Grove is now a wholly-owned subsidiary of Water Ways Tech.
“Our long term goal is to establish Water Ways as a leading irrigation and agro-technology provider worldwide. We aim to build a significant presence in the North American irrigation market. The first step toward achieving this goal was completing the acquisition of the assets of Heartnut Grove to serve as our sales and distribution center for North America serving both the North American farming community and Canadian irrigation and all need for the Cannabis growers LP’s. We will also strive to launch our DataWays technology to assist in implementing irrigation projects in Canada and the USA by using this cutting edge technology using Artificial Intelligence and Machine Learning capabilities to ramp up our sales worldwide giving a significant advantage over our competitors. Using the experience we gained through the Cronus group irrigation project in Israel we aim to turn Water Ways into a major cultivation project vendor to the Canadian legal Cannabis Cultivation community,” said Water Ways Tech CEO and Chairman Ohad Haber.
Hazelnut Grove’s sole shareholder, John Pol, has entered an employment agreement to manage the new subsidiary, bringing his sales force with him to the new company.
To watch the full video, click here.