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Hero Technologies Inc. (HENC) Acquisition Includes Proprietary Technology, Positions Company in Aeroponics Space
June 15, 2021

Hero Technologies Inc. (HENC) Acquisition Includes Proprietary Technology, Positions Company in Aeroponics Space

  • HENC acquired majority stake in BlackBox Systems and Technologies LLC late last year
  • Aeroponics is a method of growing plants in an environment with no soil
  • HENC’s exclusive aeroponics technology provides optimal conditions to enhance photosynthesis, cultivation of large flowering plants

A strategic acquisition by Hero Technologies (OTC: HENC) last year has made the company a clear contender in the cannabis aeroponics cultivation space. In November 2020, HENC executed an acquisition and operating agreement resulting in the company acquiring a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that uses proprietary technology (https://ibn.fm/mSfC4). 

Aeroponics, or a method of growing plants in an environment with no soil, has been around since early in the 20th century, when an article titled “On Air Plant Cultures” was published in the Experienced Agronomy journal (https://ibn.fm/qI2SD). In the article, author V.M. Artsikhovski explained his method of physiological studies of root systems, which he achieved by spraying various substances in the surrounding air. Artsikhovski designed the first aeroponics and showed its ability for plant cultivation. Since then, the method has been primarily used by scientists who wanted to be able to closely examine roots without the hindrance of dirt. 

However, by early in this century, aeroponics was being used in agriculture around the world as plants were suspended in a closed or semi-closed environment, with their roots sprayed with an atomized, nutrient-rich water solution. Benefits of the approach are numerous, including taking up less space than outdoor grow facilities, allowing growers to reduce the density of pesticides in their operations and providing a high degree of control (https://ibn.fm/E0ZXu). In addition, aeroponic systems are highly efficient, offering higher survival rates and a faster grow cycle than soil-based grow facilities. 

HENC’s exclusive aeroponics technology, called BlackBox XL Systems and Grow module, provides optimal conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased efficiencies. The BlackBox system features environmental growth chambers for the cultivation of large flowering plants. 

The company sees the aeroponics space combined with its proprietary technology as a significant opportunity with impressive potential. The company noted that it expects the operation to “produce approximately 6,240 lbs. of cannabis annually, which would generate approximately $21.84 million in revenue if sold at the wholesale price of $3,500 per lb or $43,680,000 if the cannabis produced is sold at retail for $7,000 per lb,” the press release noting the Blackbox acquisition stated. “We expect the BlackBox operation will yield up to 1,560 plants in a 25,000-square-foot facility.”

Hero Technologies Inc. is a cannabis company working toward a vertically integrated business model. The company’s strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multistate operator.

For more information, visit the company’s website at www.HeroTechnologiesInc.com.

NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://ibn.fm/HENC

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