BioLumic gets funding for cannabis UV light treatment

24-05-2019 | Updated on 17-06 | |
2019-04-24 13:01:32 Cannabis plants are pictured in a greenhouse of the new European production site of Tilray medical cannabis producer, in Cantanhede, on April 24, 2018.  The Canadian company Tilray, which aims to become one of the world's leaders in the therapeutic cannabis industry, inaugurated its European production site today in the central Portuguese town of Cantanhede. PATRICIA DE MELO MOREIRA / AFP
2019-04-24 13:01:32 Cannabis plants are pictured in a greenhouse of the new European production site of Tilray medical cannabis producer, in Cantanhede, on April 24, 2018. The Canadian company Tilray, which aims to become one of the world's leaders in the therapeutic cannabis industry, inaugurated its European production site today in the central Portuguese town of Cantanhede. PATRICIA DE MELO MOREIRA / AFP

BioLumic received a US$?1.5 million funding to develop its light crop yield enhancement system, with a focus on developing cannabis-specific UV treatments.

BioLumic and Canopy Rivers Inc. announced the strategic investment from Canopy Rivers. This marks Canopy Rivers’ first investment in agri-technologies, specifically focused on the fields of plant physiology and UV photobiology.

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Cannabis-specific UV treatments

Building out its data science and machine learning teams, BioLumic aims to accelerate the research and commercialisation of its UV light crop yield enhancement system – with a focus on developing cannabis-specific UV treatments to improve yield and increase the concentration of cannabinoids, such as cannabidiol (CBD).

Seed treatments for row crops

It will also continue to focus on traditionally grown produce such as lettuce, broccoli, strawberries and tomatoes, and increase its focus on seed treatments for row crops. The company plans to explore indoor farming and protected-environment, high-value crops in the future.

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The global legal cannabis market is expected to top $146 billion by the end of 2025. - Photo: AFP

The global legal cannabis market is expected to top $146 billion by the end of 2025. – Photo: AFP

“Growers need more sustainable ways to meet global crop demands, and precision UV light treatments can safely activate important characteristics in seeds and seedlings that make them more productive as they mature,” said BioLumic CEO Warren Bebb.

“Canopy Rivers’ extensive network in the cannabis industry and its ecosystem of companies will open a new, strategic market for BioLumic. Given our results with other flowering crops, the cannabis plant is a natural fit for our technology.”

Long-term crop benefits

BioLumic’s UV light treatments aim to deliver long-term crop benefits such as improved crop consistency, increased yield, drought tolerance, and disease and pest resistance. With the global legal cannabis market expected to top $ 146 billion by the end of 2025 and increasing legalisation of cannabis usage and farming around the globe, BioLumic aims to help commercial producers cultivate stronger, healthier plants to meet the rising demand for cannabis and cannabis-derived products in the regulated medical cannabis market.

Claver
Hugo Claver Web editor for Future Farming