Sprout AI (CSE: BYFM) parent company and amalgamation target, TheraCann International, formalizes a partnership with Terrapin Geothermics Inc. Terrapin is a renowned waste heat company that converts waste energy from industrial processes into emission-free power. This partnership represents a significant step forward for TheraCann International in expanding its turn-key urban indoor farming solution, known as “BenchmarkSOLUTION,” to include renewable energy, strengthening its commitment to sustainability and eco-friendly practices.
Terrapin Geothermics Inc., a waste heat recovery systems manufacturer, develops turnkey waste heat and geothermal projects. The company’s innovative technology transforms waste byproducts into useful, emission-free energy without additional fuel or reliance on environmental inputs such as water, wind, or sun. With a limited physical footprint, Terrapin’s alternative power units can be integrated into industrial environments near large urban centers, ensuring consistent access to fresh produce for communities with otherwise limited availability.
TheraCann’s BenchmarkSOLUTION is a water-neutral system that aims to provide affordable, contaminant-free fruits, vegetables, and mushrooms. TheraCann Beyond Farming’s partnership with Terrapin seeks to further enhance its commitment to sustainability, reducing dependence on local power grids and hydrocarbon combustion. The incorporation of Terrapin’s waste heat to energy solution will render TheraCann’s BenchmarkSOLUTION energy-neutral, continuing TheraCann’s market-leading position in urban indoor farm sustainability.
TheraCann’s CEO and Chairman, Chris Bolton, expressed his enthusiasm about the partnership, stating, “Terrapin provides a missing piece to the indoor urban farming sustainable energy puzzle. By adding Terrapin’s waste heat to energy solution to our BenchmarkSOLUTION, our projects will be energy neutral, and TheraCann will continue to be a market leader in urban indoor farm sustainability.”
Gray Alton, VP of Project Development for Terrapin, shared the excitement, saying, “Terrapin is thrilled to formalize a partnership with TheraCann. Our innovative projects will bring food prosperity to our communities, utilizing industrial waste by-products to power vertical urban farm operations.”
Both TheraCann International and Terrapin Geothermics Inc. are dedicated to revolutionizing the urban indoor farm industry by integrating sustainable energy solutions with advanced controlled indoor farming practices.
Moreover, Sprout AI Inc. announces that the three-cornered amalgamation with TheraCann International Benchmark Corporation is expected to be completed on July 31st, 2023. This amalgamation is a significant milestone for Sprout AI and TheraCann, and the Company anticipates the wealth of opportunities this acquisition will provide.
Image provided by SproutAI
