TORONTO, ON -- May 16, 2019
-- InvestorsHub NewsWire -- World Class Extractions Inc.
(CSE: PUMP) (FRA: WCF) (the
“Company” or
“World Class”) is pleased to
announce it has entered into a Service Agreement with Deveron UAS
Corp. (CSE:DVR) (“Deveron”) whereby Deveron will
provide drone data and soil sampling services to World Class and
its affiliate farmers focused on hemp production in the United
States and Canada, providing an opportunity to increase yields and
reduce costs.
Deveron has worked with
leading agricultural companies to bring data acquisition and
analytics to broad acre farmland. The company is integrated with
leading farm platforms, like Bayer Crop Science’s Climate FieldView
and John Deere’s MyJohnDeere data management systems. The expansion
into hemp data analytics is a natural extension to the current data
insights it provides to leading farmers in North America that grow
corn, soybean, wheat and canola.
Deveron is an industry
leading agriculture technology company focused on data acquisition
and analytics that drive increased yields and reduced costs. The
two companies will be bringing best-in class data acquisition tools
for hemp growers that include drone data and soil data. On top of
data acquisition, the company will be working with World Class and
its farmer partners to deliver digital records and analytics that
will help with benchmarking the hemp production process,
traceability and other best management practices.
“Farming hemp requires
proper planning, preparation and execution and we want to make sure
our partner farmers have access to the best technology to assist
them. The high value of hemp crops today makes the data Deveron
collects even more valuable than for traditional row crops and will
help our farming partners make better informed decisions on the
field,” said Michael McCombie, CEO of World Class. “Deveron has a
large network of agronomists and drone pilots throughout Canada and
the United States, leveraging their technology and personnel
spanning such large service areas will provide great value to our
farmers as we build our network of processing
facilities.”
“We are extremely excited
to be expanding our digital product solution to the customers of
World Class,” said David MacMilllan, President and CEO of Deveron.
“On the data acquisition side, we see considerable scale and
opportunities in supporting higher margin crop. Additionally, given
our leading data insights algorithms with large growers in Canada
and the United States, we believe we are uniquely positioned to
provide the most informative data insights available to farmers
thinking about changing their production from traditional row crops
to hemp.”
About World
Class
World Class is a Canadian
based developer of an innovative, large scale extraction process
for both the hemp and cannabis industry. The Company intends to
provide single step continuous flow extraction services to the hemp
and cannabis industry. Using patent pending technology, World
Class’ results produce higher yields and better quality full
spectrum crude hemp oil at faster rates. The technology allows the
extraction of CBD Oil and other related extracts from wet or dried
natural plants. World Class can save its clients floor space,
utility drying costs, equipment and processing labour
costs.
For more information,
visit: www.wcextractions.com.
On behalf of the Board of
Directors of
WORLD CLASS EXTRACTIONS INC.
Michael McCombie
Chief Executive Officer
mike@wcextractions.com
Neither the CSE nor its
Market Regulator (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note
Regarding Forward-Looking Statements: Certain
disclosures in this release constitute forward-looking statements.
In making the forward-looking statements in this release, the
parties have applied certain factors and assumptions that are based
on the parties' current beliefs as well as assumptions made by and
information currently available to the parties. Although the
parties consider these assumptions to be reasonable based on
information currently available to them, they may prove to be
incorrect, and the forward-looking statements in this release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements. Readers are cautioned
not to place undue reliance on forward-looking statements. The
parties do not intend, and expressly disclaims any intention or
obligation to, update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law.
