Vancouver, April 10, 2019 – Micron Waste Technologies Inc. (“Micron” or the “Company”) (CSE: MWM, OTC: MICWF, Frankfurt: 7FM2), a leading developer of waste treatment systems for food and cannabis waste, today announced that President & CEO Alfred Wong will address issues surrounding cannabis waste management during a presentation at O’Cannabiz Toronto later this month. Mr. Wong’s speech, titled “Cannabis Waste: Solutions to Growing Problem” will specifically address the development and implementation of new waste disposal guidelines adopted by ASTM International, the globally-recognized leader in the development and delivery of consensus standards. The new standard recognizes the growing environmental liability from cannabinoid contaminated waste discharged under current destruction practices globally.
In October 2018, ASTM International, formerly the American Society for Testing and Materials, and the International Cannabis and Cannabinoids Institute (ICCI) announced a memorandum of understanding to work together on standards for the cannabis industry. ICCI is the first Europe-based partner for ASTM International’s cannabis committee, which has grown to more than 500 members worldwide in its first two years.
“This new standard addresses the rising concern of the impact of resin-contaminated materials entering the environment,” said Mr. Wong. “Sustainability is becoming increasingly important to cannabis companies globally, as they develop brands and navigate complex regulatory pathways. Micron’s Cannavore is the only system in the world to address compliance, sustainability, and cost-effectiveness for the treatment of growers’ cannabis waste and adherence to international standards.”
The new ASTM standard is the first unified standard globally that creates clear distinctions between different parts of the cannabis plant that should be controlled, and provides guidelines on how to implement best practices for the destruction of controlled waste in compliance with international and environmental law. Micron’s Cannavore™ cannabis waste processing system was designed to allow mid-to-large-scale growing facilities manage cannabis waste compliantly, while extracting and reclaiming water.
Micron’s Cannavore meets ASTM standards as an acceptable treatment for waste containing resins, also known as cannabinoids, and implements odour controls and wastewater treatment systems to prevent the discharge of resin-contaminated water. Dr. Bob Bhushan, Micron’s Chief Technology Officer and a leading international expert in cannabis waste management, was a principal member of the ASTM sub-committee convened to draft new cannabis waste guidelines.
Mr. Wong will speak on Friday, April 26 at 10 a.m. on the O’Cannabiz Demo Stage. Conference attendees interested in learning more about waste management compliance are asked to visit Micron Waste Technologies Booth #151.
The Company also announces the granting of 1,200,000 options to purchase common stock to employees and consultants, at an exercise price of $0.36, equal to the closing price of the Company’s common shares on April 8, 2019. The Options are issued for a term of five (5) years, pursuant to the Company’s incentive stock option plan.
About Micron Waste Technologies Inc.
Micron is a leading green technology company that manufactures organic waste treatment and water reclamation systems. Micron focuses on developing solutions for organic waste and specialized waste streams including cannabis cultivation waste. Micron’s patented aerobic bio-process reduces waste management costs, mitigates greenhouse gas emissions, and produces clean water that meets municipal effluent discharge standards. The Company has a strategic partnership with Aurora Cannabis Inc (TSX:ACB), one of the world’s leading cannabis companies. In addition, Micron is partnered with BC Research Inc, part of the NORAM Group of Companies, with extensive experience in large scale private and municipal wastewater treatment systems. Micron is a public company with listings on the CSE: MWM, OTC: MICWF, and in Frankfurt: 7FM2. Please visit www.micronwaste.com for further information.
President and CEO
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Karen Lauriston, VP Corporate
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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.