Cannabis agricultural technology innovator Braingrid Limited (CSE:BGRD), previously listed as Match Capital Resources Corp. (TSXV:MHC), went live on the Canadian Securities Exchange today, closing the trading day at $0.255 CAD per share. With 45,737,103 shares of BGRD outstanding, that amounts to a valuation of approximately $11,662,961 CAD or roughly $8,552,158 USD at current exchange rates.
For those who are not familiar with Braingrid, it’s a Toronto, Ontario-based company that provides affordable, versatile, and quick-to-install sensor platforms that capture the critical real-time data needed for licensed cannabis producers to increase revenues, reduce costs and reduce risks.
Who Uses Braingrid?
Current users of Braingrid technology range from publicly-traded Canadian licensed producers like Beleave Inc. (CSE:BE) (OTC:BLEVF) and WeedMD Inc. (TSXV:WMD) (OTC:WDDMF) all the way to the Resource Innovation Institute, a U.S.-based non-profit focused on sustainable, conservation-driven cultivation methods.
Roger Ferreira, Director and Chief Science Officer at Beleave Inc. commented:
“at Beleave, Braingrid is an integral part of our everyday operations. We rely on them to keep us alerted to any environmental changes or risks. Having Braingrid on-premise has made our jobs that much easier!”
Dr. Luc C Duchesne, Chief Science Officer at WeedMD commented:
“I sleep better at night knowing that Braingrid technology keeps a close eye on over $1M in crop”
If the clients don’t prove it already, one look at the Braingrid C-suite shows that the company is well positioned for success going forward.
Who Runs Braingrid?
Prior to joining Braingrid as COO, Matt Skynner spent 17 years working for semiconductor giant Advanced Micro Devices, Inc. (NASDAQ:AMD) where he worked his way up to Corporate Vice President and General Manager of Products and General Manager of AMD Canada. Before that, Skynner started his career in management with a 3-year stint at multinational conglomerate Honeywell International Inc. (NYSE:HON).
The list could go on, as these are just three of the many experienced individuals onboard the Braingrid team.
While only 7,500 shares of BGRD changed hands on Brangrid’s first day of trading, we’ll be interested to see how the company grows and develops now that it’s live on the public markets.
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