Santo Mining Corp (OTCMKTS:SANP)
Santo Mining Corp (OTCMKTS:SANP) has sold its first two 40ft PODWERKS Grow containers to a client based in California. The first two containers are part of a six-part order that the company plans to deliver over the next 60 days to the same client.
The PODWERKS Grow containers come equipped with adjustable 600W-1200W CMW grow lights as well as hydroponic system, reverse osmosis 5-carbon water filter system and CO2 system among others. With a price tag of $32,000, each container can accommodate over 100 full grown plants.
“As ecstatic that we are and extremely thankful for this initial order, we will press even more aggressively to capitalize on these initial sales to continue making more sales. We are focusing to start the development of our first PODWERKS workspace campus by 3rd quarter 2017,” said CEO Franjose Yglesias.
Santo Mining Corp (OTCMKTS:SANP) is already looking into the future for its core product PODWERK with the signing of a letter of Intent with Alesca Life Technologies. Under the terms of the agreement, the company is to explore ways of installing Alesca’s EDN sprout system in the containers.
The EDN sprout is expected to further bolster the PODWERK Growth container capability given that it is a cloud-connected sensor box. It also comes with a management smartphone app linked to Alesca Life analytics. Matt Arnett CCO, expects the app to go a long way in helping urban growers maintain optimal environmental growing conditions inside the grow pods.
“We will be testing the system very soon and collecting crucial data in the growth cycle of the cannabis plant, to adjust sensors for peak and optimal grow performance,” said Mr. Arnett.
New Corporate Website
Separately, Santo Mining Corp (OTCMKTS:SANP) recently launched a new corporate website designed to offer quick and easy access to essential information. The website will also offer a comprehensive understanding of the company’s long-term plans as well as overall owner operator benefits. The chief executive officer expects the website to provide customers, investors, partners, and media outlets a better understanding of the company’s solutions that includes PODWERK Grow containers.
The company currently operates two revenue generating bases made up of PODWERKS workspace campuses and Bespoke PODWERK’s growing container. The latter generates an average of $600,000 in revenue a year. Bespoke PODWERK’S are poised to start generating large sales starting next year.
Santo Mining Corp (OTCMKTS:SANP) was down by 25% in Friday trading session ending the week at lows of $0.0003 a share.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
About the author: Artemis grew up in Boston, MA. After college she talked her way into a job with a leading mutual fund family working as an equity analyst. In this role, emerging companies became her specialty. Artemis now devotes her time to raising her twins and consulting to mutual funds.