Herbal Analytics signs exclusive service agreement with MediGrow
MediGrow, Herbal Analytics and Affinor have combined resources to explore grow methods best used for compound research, clinical trials and product formulations for drug discovery
Affinor Growers Inc., a diversified agriculture and biotechnology company with proprietary vertical farming systems, is pleased to announce that it's Washington State testing laboratory, Herbal Analytics, has signed an exclusive service agreement with MediGrow.
MediGrow (www.medigrowproducts.com) is in the final approval stages with the Washington State Liquor Control Board (LCB) for a I-502 licence, necessary for marijuana production. MediGrow will operate in a 10,000 square foot commercial building on 35 acres in Arlington, Washington, with abilities to increase grow capacity to 30,000 square foot in 2016 using greenhouse grow technology.
MediGrow, Herbal Analytics and Affinor have combined resources to explore grow methods best used for compound research, clinical trials and product formulations for drug discovery.
Herbal Analytics will provide the following services to MediGrow in accordance with the terms and conditions of the signed agreement beginning 1 April 2015 until 31 March 2017:
- drug discovery research and growing method consulting
- quality assurance testing upon LCB approval
- biweekly condition testing of planted material
- as needed testing for future crop selection
- as needed consulting services on data
- as needed courier service and onsite planning.
As consideration for the services executed by Herbal Analytics, MediGrow will pay the following: $3000 per month for the first 6 months (April-September 2015), $6500 per month for October 2015-March 2016 and $11,000 per month for April 2016-March 2017. Extra charges include mainly $325 per hour for data consulting billed on a separate invoice and also to be paid monthly.
Nick Brusatore, Affinor Chairman, comments: 'We are very pleased with this constant cashflow agreement and we are continuing negotiations for further contracts in that sector.'
Affinor owns a 49% stake of Herbal Analytics, a full service analytical and consulting laboratory for botanical quality testing and natural product drug development. They are becoming a leader in the industry for guided intelligence in product development and safety testing for medical and recreational Cannabis products in Washington State.
Herbal Analytics (www.herbalanalytics.com) has extensive herbal product industry experience with an edge using the most efficient and innovative analytical platforms for accurate and rapid results. Herbal Analytics chemical tests have been legitimized and proven, based on Bio Analytical Method Validation for accuracy and precision.