Founded in 2004, Las Vegas-based Clean Enviro Tech has a scope of focus that branches into two key segments of the clean energy space. Through the acquisition of Red Apple Pharm Corp., the company recently entered the cannabis market as well.
Clean Enviro’s first line of interest in the clean energy market is on the development and marketing of a wide range of lithium-powered applications such as vehicles, products and commercial and residential real estate.
While more costly than alkaline batteries, lithium-ion batteries are valued for their light-weight and long-lasting characteristics, among others. Ranked as one of the most energetic rechargeable batteries available, lithium batteries are often used in critical devices such as implantable electronic medical devices and wireless alarm systems, as well as a range of non-critical devices such as portable consumer electronics, alarm clocks, cameras and toys.
The company also has its hand in photovoltaic (PV) solar initiatives with its residential solar power parabolic dish, which looks like a cross between a solar panel and satellite dish, albeit more aesthetically pleasing than either of the two. The system has the capacity to reduce the average user’s monthly electric power consumption by up to 30-40% with zero emissions.
Clean Enviro in June entered the marijuana industry by acquiring Red Apple Pharm, a provider of a wide range of solutions for the regulated cannabis industry. Phoenix-based Red Apple is an eight-year-old company that operates as a cannabis education and news service (www.RedAppleEmpire.info), exploring the merits of the cannabis plant as a medicine, industrial resource, agricultural crop, and more.
The subsidiary also provides support services for Colorado cannabis dispensaries in need of solutions relating to banking, debit cards, casualty insurance, and licensing requirements. Future plans include reloadable, pre-paid patient debit cards and medical marijuana phone apps.
Red Apple Pharm earlier this week inked a deal with IMD Companies (ICBU) in which IMD will be a preferred vendor to supply equipment to build-out medical marijuana grow facilities throughout the Western United States. The first grow facility is currently being developed in Pueblo, Colorado, estimated to cost more than $10 million and include $5 million of equipment such as lights, ballasts, environmental controllers, oxygenation systems, fans, meters, nutrients and other features.
For more information, visit www.cleanenvirotech.com
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