Urban Hydroponics Merged in Canadian Hydroponics Companies

Corporation Announced It Has Signed a Binding Letter of Intent to Merge with Three Canada-based Companies in the Urban Cultivation Sector

rban Hydroponics, Inc. (OTCQB:URHY), a Nevada corporation ("Urban Hydroponics" or, the "Company") today announced it has signed a Binding Letter of Intent (LOI) to merge with three Canada-based companies in the urban cultivation sector - Urban Cultivator Inc. ("Urban Cultivator"), BC Northern Lights Enterprises Ltd. (BC Northern Lights"), and W3 Metal Inc. ("W3 Metal" and together with Urban Cultivator and BC Northern Lights, the "Target Companies"). Pursuant to the LOI and an earlier non-binding term sheet, Urban Hydroponics, to date, has made working capital bridge loans to the Target Companies in an aggregate amount of $880,000 from funds it raised in a private placement to non-US persons.

Urban Cultivatoris a British Columbia-based manufacturer of high quality, fully-automated indoor growing appliances that allow year-round growing of herbs, micro-greens, flowers and veggies. The "Urban Cultivator™" appliance features an automated control center to ensure that greens get precisely the right amount of water and light, while onboard fans control humidity and air circulation. The Urban Cultivator comes in a residential model and a commercial size application for restaurants. The Urban Cultivator appliance plumbs into city water and electricity, and is easy to install. It serves the growing ‘locavore' movement that aims to consume locally grown, organic foods. Urban Cultivator employs 14 people and its estimated, unaudited revenue for 2014 is expected to be approximately $1.2 million.

The commercial scale Urban Cultivator is used by some of the top restaurants and hotels in the world including the Four Seasons and the Fairmont, both in Vancouver. High end chefs turn to the Urban Cultivator to help them provide the freshest and best tasting experience for their customers. The Urban Cultivator can save restaurants $500 to $1500 per month in the cost of greens. Moreover, restaurants can promise their customers that greens grown on their premises in the Urban Cultivator are cultivated without pesticides and harmful chemicals and are harvested at peak nutritional value then plated within minutes. Executive Chef of Four Seasons Vancouver, Ned Bell, has emphasized that "The Urban Cultivator is a vital component to our culinary mission of incorporating fresh, local and sustainable ingredients into our menus."

Additionally, Martha Stewart, famous culinary enthusiast, is a fan of the Urban Cultivator and has described the appliance as"the perfect indoor garden for your home and restaurant."Martha Stewart uses the Urban Cultivator in her "test kitchen" to incorporate fresh herbs and ingredients into her recipes, to promote a healthy-green diet.
BC Northern Lights is a British Columbia-based manufacturer of indoor hydroponic grow boxes serving the sector since 2001. BC Northern Lights offers seven different grow box combinations that help both the novice and professional grower through each stage of the production cycle.

Every BC Northern Lights grow box is a fully automated hydroponic growing appliance, made with premium parts and electronics and comes with all essential supplies including CO2 setup, nutrients, bulbs, pumps, and an electronic timer.

Source: Virtual Strategy Magazine

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Taxonomy

• Agriculture
• Hydroponics