Kontrol Energy Corp.’s (CSE: KNR) (FSE: 1K8) Smart Energy Solutions Could Cut Cannabis Cultivation Costs
Kontrol Energy is entering the cannabis vertical sector, as legalization of recreational cannabis in Canada opens up C$6 billion market Company’s smart energy solutions, utilizing IoT, cloud and SaaS technologies, could significantly cut costs As competition intensifies, production efficiency is set to become a differentiating success factor The legalization of recreational cannabis on October 17, 2018, in Canada has opened a market, estimated at just under C$6 billion, to competitive forces. Now, market pressure will, undoubtedly, drive the search for more efficient production methods. One big-ticket item set to garner attention is the cost of energy, which makes up around…