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by Stockwatch Business Reporter
The TSX Venture Exchange climbed 14.81 points to 552.09 Friday, ending the week up 21.89 points. Elizabeth Kirkwood's NEX shell, Match Capital Resources Corp., has closed its acquisition of Michael Kadonoff's agricultural technology company in Toronto. Today, the resulting issuer began trading on the Canadian Securities Exchange as Braingrid Ltd. (BGRD: $0.255). There was one trade for 7,500 shares at 25.5 cents.
Braingrid sells a system of wireless sensors for measuring environmental conditions (such as temperature, humidity, carbon dioxide and oxygen levels, and light quality) inside agricultural facilities, specifically marijuana facilities. Braingrid's system instantly makes the collected data available to the facility operators. It can also generate alerts, for example by e-mail, if it detects irregular environmental conditions. So far, Braingrid has installed its sensors at facilities owned by WeedMD Inc. (WMD: $1.18) and Beleave Inc. (BE: $0.085). If it received any money from either company for its products, it is not saying how much. Braingrid has also provided its sensors to Natural Resources Canada and to fellow marijuana tech firms such as Ample Organics Inc., Rent2Grow Canada Inc. and California's Wexus Technologies Inc. Again, no revenue figures disclosed. Despite its list of patrons, in Braingrid's fiscal year ended Jan. 31, 2018, the company lost $1.38-million on revenue of $41,585.
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