iUNU, a computer vision SaaS-based company that launched LUNA, the first artificial intelligence platform for the greenhouse industry, announces the milestone of the LUNA knowledge base surpassing one billion square feet of imaging, in the single most extensive library of greenhouse machine knowledge. iUNU predicts that as it continues to cover more greenhouse square footage, LUNA will surpass the addition of one petabyte per year of imagery.
While each grower operation using the LUNA platform owns and is in complete control of their imaging and data, the constant growth of the volume of imaging drives the machine learning and value the system provides. LUNA learns from each photo captured, providing an immeasurable depth of experience and knowledge to LUNA growers.
“It’s a snapshot in time, adding to recorded history,” says iUNU CEO Adam Greenberg. “Every time LUNA takes a photo, it adds to its experience. Over time, it improves that knowledge so the system can better recognize and detect anomalies in the crop so precisely and with such sophistication that growers can let LUNA focus their crop scouting on the analysis of and solutions for the problems instead of manually collecting notes.”
iUNU built LUNA to be a grower’s best friend; a tool that allows them to work proactively instead of reactively to solve plant growth issues in real time. LUNA helps growers redirect the way they use their time by reducing the number of hours dedicated toward scouting crops and walking through greenhouses to check environmental conditions.
A lack of predictability heavily constrains greenhouse operations. Most growers still use manual data collection, causing inconsistencies due to inaccurate data, human error and inefficient facility management, which ultimately result in 10 to 25 percent crop loss. With the technological advancements pioneered by iUNU’s team of engineers and horticulturalists, the industry now has a quantifiable and data-driven toolset that standardizes the process of commercial growing.
The collected data is analyzed and presented in a simple, easy-to-use decision support tool that gives growers actionable insights and granular production management capabilities.
In the traditionally labor-intensive and highly competitive greenhouse industry, where educated, experienced growers are in short supply, and high demand and labor resources are scarce, grower operations can’t afford to lose experienced employees, yet turnover is high, and jobs are unattractive to younger generations.
LUNA helps growers work smarter, not harder, and also provides grower operations with the ability to retain decades’ worth of experience and knowledge that is otherwise lost when highly valued team members leave or retire.
“LUNA works with your data just like an employee and treats your data as your data. When an employee leaves a greenhouse operation, they can’t take proprietary processes with them, but they do take with them the experience and knowledge they have learned working with the plants. LUNA learns the same way,” says Matt King, iUNU’s Chief Technology Officer. “What we have gained with LUNA is the largest commercial knowledgebase in indoor agriculture that we can apply to your greenhouse, and help growers retain that knowledge over time.”
Further, the horticulture industry is amid a generational shift. LUNA helps to preserve valuable production and management information that would otherwise be lost.
“With 63 percent of greenhouse owners above age 55, we’ll soon be turning over two-thirds of valuable experience available to the greenhouse industry,” Greenberg says. “We need to be able to capture that tribal knowledge to prevent that loss of experience for individual greenhouse operations and the industry as a whole.”
iUNU has grown significantly with more than 800 percent increase in greenhouse square footage since the first quarter of 2018, with operations throughout the U.S. and Canada. The company’s team offers vast experience and knowledge in bringing the fourth industrial revolution to an industry that is just beginning a transformation similar to the one manufacturing has gone through.
“With the greenhouse industry growing at a rate of 20 percent year over year, owners are scrambling to find solutions to manage and scale their growing operations effectively,” Greenberg says. “iUNU’s solution turns growing operations into data-driven manufacturing facilities.”
VersaPay Announces Dream Office REIT as Newest CRE Client
VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it has added Dream Office REIT (“Dream Office”) as its newest commercial real estate client.
“With our real estate portfolio expanding in Canada and the US, our objective is to enhance our tenants’ experience and provide them with a convenient web-based and mobile portal where they can access their account, retrieve invoices, communicate and make secure electronic payments,” stated Joanne Leitch, Vice President, Property and Operations Accounting at Dream Office. “We want to create efficiencies by eliminating manual processes, minimize errors and reduce the need for tenant account reconciliations. VersaPay offered the platform to make all of this possible.”
“Through our vendor selection process we searched for a company who could provide a platform with extensive functionality with whom we could partner to provide our tenants an improved experience. VersaPay provided what we were looking for in addition to a robust integration with our JD Edwards ERP to provide real-time AR and cash review,” stated Travis Vokey, Vice President and Head of Technology for Dream Office.
“We are so pleased to be working with Dream Office, a forward-thinking Commercial Real Estate company located right here in Toronto,” said Craig O’Neill, CEO of VersaPay. “Dream is a leader in its industry, offering high-quality central business district office properties to an impressive list of tenants. One of the keys to its success has been providing tenants with a market leading experience in all facets of the business, and we’re delighted to extend this to their tenants’ experience in billing and payments.”
SOURCE VersaPay Corporation
Xoom Rolls Out Domestic Money Transfer Services in the U.S.
Xoom, PayPal’s international money transfer service, today rolled out the ability for customers to send money to recipients in the U.S. for the first time. Through strategic alliances with Walmart and Ria, Americans can now use Xoom to send money fast for cash pick-up typically in minutes at nearly 5,000 locations across the country*.
Xoom’s services potentially benefit more than 44 million foreign-born people in the U.S.1 who send remittances to family and friends in their home countries. With the introduction of domestic money transfer services, Xoom will now serve even more customers, including more than half of Americans who make domestic person-to-person (P2P) payments2. Using Xoom’s mobile app or website, consumers will have the ability to send money quickly and securely for cash pick-up at any Walmart or Ria-owned store in the U.S.
“Many of our customers in the U.S. already send money to loved ones in the country, and they usually prefer that the money is available right away,” shared Julian King, Xoom’s Vice President and General Manager. “This rollout reinforces our commitment to make money transfers fast, easy and affordable for everyone, whether they are at home or on-the-go.”
“At Ria, we are delighted to further consolidate our relationship with Xoom and Walmart,” said Juan Bianchi, CEO of Euronet’s Money Transfer Segment. “Our continued partnership is a fine example of how Ria’s technology can serve as an enabler between platforms, offering consumers and partners an added layer of security and compliance screening, in turn facilitating value creation within the Fintech ecosystem.”
Many consumers in the U.S. face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. With Xoom’s introduction of domestic transfers, Americans can send money at affordable rates for cash pick-up quickly at 4,684 Walmart stores and 175 Ria locations across the United States. For more information on store locations and eligible banks, visit xoom.com.
A pioneer in digital remittances, Xoom is a fast way to securely send money, pay bills and reload phones for loved ones in over 160 countries globally. These remittances serve as a lifeline for many people around the world and are used to pay for every day needs like utility bills, healthcare, and education costs, as well as emergencies. The largely cash-based system of sending money across borders is full of paperwork, high fees, standing in line and an ever-present uncertainty of when, and if, the money will arrive when it’s needed. By providing fast and more secure payment options for customers to seamlessly and securely send money across borders by going online or using a mobile device, PayPal and Xoom are helping to expand and improve the financial health of millions of people worldwide.
*Fees and Limitations apply
SOURCE PayPal, Inc.
SpeakEasy Awarded Cultivation, Processing and Cannabis Sales Licence by Health Canada
SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (“SpeakEasy” or the “Company“) is pleased to announce that it has received Health Canada’s coveted licence for cultivation, processing and medical sales. The Company, situated on 290 acres of fertile land in the Okanagan’s renowned Golden Mile, has demonstrated adherence to the industry’s rigorous compliance standards, and can now grow and provide its high quality, small-batch cannabis to the burgeoning recreational and medical markets.
With the receipt of the licences, the Company has immediately begun cultivation of cannabis in its 10,000-square-foot, purpose-built, state of the art facility. The Company has aquired an extensive library of unique genetics that will be used as starting material for the cultivation of cannabis at the facility.
SpeakEasy’s outdoor cultivation site has also been completed and stands ready to receive these genetics for the 2020 growing season. SpeakEasy plans to submit its evidence package for the outdoor field and amend its licence to allow outdoor cultivation on its 60 acre field. “Receiving our licence at long last, is a dream come true for all of us in the SpeakEasy family. The support we have received from shareholders, employees, family and friends has been overwhelming and I appreciate you all more than I can say,” says Marc Geen, founder of SpeakEasy. “When it comes to producing phenomenal craft cannabis, farms will always be superior to factories and culture will always speak louder than corporations. Real people recognize authenticity and SpeakEasy intends to lead by example, sharing the story of our people through the excellence of our product.” With the anticipation of receiving its outdoor licence, SpeakEasy is positioned to become one of the largest cannabis producers in Canada with extremely low cost per gram outdoor grown flower and extremely high quality small batch indoor flower.
SpeakEasy recently completed the transformation of a 60 acre orchard into a custom built outdoor cannabis cultivation environment. The fertile agricultural land is expected to enable the farm to produce up to approximately 70,000kg of cannabis flower and the Company plans to double the output to up to approximately 150,000kg, pending approval of its outdoor cultivation licence.
Construction commenced in the fall of 2017 on the 80,000-square-foot SpeakEasy campus in anticipation of demand for SpeakEasy’s craft cannabis flower and value added products. Buildings two and three were completed to lock-up in the second quarter of 2019 and building four, another 26,600-square-foot facility commenced in the spring of 2019 and is also at the lock-up stage of its development. The anticipated use of building four is the processing of sun grown outdoor flower and biomass for extraction. SpeakEasy has accumulated an impressive library of unique genetics from sources outside existing licence holders, empowering the Company to develop new strains, unique to SpeakEasy, for both indoor and outdoor cultivation.
SpeakEasy founders and team members are long standing advocates for the value of community and harnessing the power of combined expertise through successful farming cooperatives. SpeakEasy now plans to apply the same values for cannabis farming. SpeakEasy’s innovative business model is designed to support industry-leading talent through shared knowledge, resources and passion, with a commitment to maintaining exceptional quality standards and developing unique cannabis strains. The Company empowers experienced growers and geneticists to operate independently with the freedom to develop each cultivar to perfection.
SOURCE Speakeasy Cannabis Club Ltd.
Latest News4 months ago
Galaxy Digital Announces Approval of License to Underwrite Registered Public Offerings of Securities
7 months ago
The Green Organic Dutchman Receives Global Awards for New Website
Fintech7 months ago
Ally Financial Partners with Better.com to Create End-to-End Digital Mortgage Experience
Latest News5 months ago
Chinsay’s Intelligent Contract Platform Enables Rio Tinto & Cargill to Complete the First Fully Digitalised Iron Ore Trade
Fintech3 months ago
Experian A/NZ acquires Australian fintech Look Who’s Charging to bolster open data offering
Fintech4 months ago
PremFina Makes Final Shortlist for Hottest FinTech Startup in Europe in The Europas Awards
Fintech3 months ago
Apex Clearing Releases ‘Millennial 100’ Stock Pulse Report
Latest News3 months ago
Gaming Standards Association (GSA) Announces its 2019 Technology Summit: “Focus on Artificial Intelligence”