Vancouver, British Columbia and The Colony, Texas, October 15, 2018 – Micron Waste Technologies Inc. (“Micron”) (CSE: MWM, OTC: MICWF, Frankfurt: 7FM2), a developer of proprietary digester solutions for the treatment of organic waste, today announced that it has partnered with Quest Resource Management Group LLC ( “Quest”), a fully owned subsidiary of Quest Resource Holding Corporation (NASDAQ: QRHC), a leader in environmental reuse, recycling, and disposal services, to market and distribute Micron’s proprietary Cannavore™ cannabis waste processing systems in the United States.
“Quest operates in all 50 states and provides custom, innovative waste management solutions to a wide range of industries,” said Micron President Alfred Wong. “With its strong market positioning, Quest will help accelerate the entry of Micron’s leading cannabis waste management technology into the U.S. and capitalize on the expanding American cannabis cultivation market.”
“Quest strives to provide our customers with the most effective waste minimization solutions,” said Ray Hatch, Quest’s Chief Executive Officer. “We are pleased to offer U.S. cannabis growers a solution that not only safely treats cannabis waste on-site, but also removes the contaminants and active pharmaceutical compounds from the effluent water. In addition, growers seeking to minimize their operations’ water footprint will be able to recycle and reclaim the purified water for their operations.”
The U.S. cannabis industry is rapidly growing, with retail sales projected to reach an estimated $5.1 – $6.1 billion dollars in 2018. By 2020, overall retail sales are projected to reach between $11.9 and $17.1 billion dollars, with $47 billion in sales projected within a decade. The Micron-Quest partnership offers cannabis growers a regulatory-compliant, environmentally-sound alterative to process the production by-product – thousands of tons of pharmaceutical-laden cannabis waste.
The Micron Cannavore was designed to meet the specifications of Aurora Cannabis Inc. (“Aurora”)(TSX:ACB), per a collaboration announced in December 2017, for a clean technology solution to process organic waste generated from the growth and cultivation of cannabis, while mitigating concerns about the potential environmental impact.
The industrial-grade Cannavore pulverizes and renders cannabis waste in combination with a proprietary blend of microbes and enzymes designed and developed by Micron. Importantly, as part of Micron’s full-system waste treatment platform, effluent from the digester is further treated to derive clean greywater which can be re-used in growing operations. Alternatively, the treated regulatory-compliant greywater from the Cannavore, which exceeds municipal discharge standards, can be safely discharged. Active pharmaceutical ingredients (APIs) in cannabis waste are further biologically treated via a proprietary process to denature cannabinoids present, keeping them out of watersheds, preventing bio-accumulation. Being an aerobic process, it does not emit methane. On-site processing eliminates conventional waste methods such as trucking, landfilling and incineration.
Micron’s Cannavore Digester and Organic Waste Digester units has been awarded an Industrial Design Certificate of Registration from the Canadian Intellectual Property Office (CIPO), with patent pending in the United States.
About Quest Resource Holding Corporation
Quest is a national provider of reuse, recycling, and disposal services that enable our customers to achieve and satisfy their environmental and sustainability goals and responsibilities. Quest provides businesses across multiple industry sectors with single source, customer specific solutions to address a wide variety of waste streams and recyclables generated by their operations. Quest also provides information and data that tracks and reports the environmental results of Quest’s services, provides actionable data to improve business operations, and enables Quest’s customers to achieve and satisfy their environmental and sustainability goals and responsibilities.
For more information, visit www.QRHC.com.
About Micron Waste Technologies Inc.
Micron Waste Technologies Inc is a well-funded technology company with over $6 million in working capital. The Company’s organic waste management system processes organic waste directly on-site and treats the resulting waste water into clean water which meets municipal sewage discharge standards. The treated water can be discharged directly into the sewer or recycled back into industrial or agricultural operations. The Company has developed the world’s first cannabis waste management system which denatures APIs from waste streams. Please visit our website at www.micronwaste.com for further information. Micron is a public company with listings on the CSE: MWM, OTC: MICWF, and in Frankfurt: 7FM2. For more information, visit www.micronwaste.com.
On Behalf of the Board
Chief Executive Officer and Director
For further information contact:
Micron Waste Technologies
Quest Resources Management Corp.
Investor Relations Contact:
Three Part Advisors, LLC
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FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.