Mitu Resources Inc. is introducing commercially the company’s licensed WindShark self-starting vertical axis wind turbines within the regulated cannabis sector in California.
One of the major factors affecting gross margins in the cannabis sector is the cost of the enormous quantity of electricity required to run a greenhouse or indoor grow facility. Experts estimate that currently more than 3 percent of all California energy is used in cannabis cultivation. Mitu sees tremendous potential in California’s emerging cannabis market for the deployment of rooftop arrays of WindSharks to supply a significant portion of the required power of the average indoor cannabis growing operation.
The company estimates that each of California’s largest licensed indoor cannabis producers requires approximately 4,500-5,000 kWh/day for lighting alone. WindShark’s compact and lightweight design make them ideal to be supported on existing rooftops of buildings in arrays of up to 200 individual turbines with the potential to produce more than 480 kWh/day per license, or approximately 10 percent of the average lighting requirement.
There are 2,500 licensed cannabis producers in California, of which more than 1,500 are indoor facilities of up to 20,000 square feet. Assuming a 2 percent adoption by current indoor producers, Mitu believes that potential demand in California for WindShark could reach 6,000 total turbines installed for gross revenues of approximately $6 million.
“One of the most exciting and immediate opportunities for applying the WindShark technology is in California’s emerging regulated cannabis market where indoor growers face stiff competition from outdoor growers and higher than the national average energy prices,” said Simeon Leonardo Reyes Francisco, CEO of Mitu Resources. “We think that a WindShark turbine array on an existing rooftop is a cost-effective way to produce a significant amount of the daily energy requirement and positively impact the bottom line of any indoor cannabis grower. We look forward to partnering with several California-based cannabis growers for the first WindShark installations in the very near future.”
Source: Mitu Resources Inc.
For more information, go to www.mituresources.com