Efficient lighting systems have emerged as a game-changer in the cannabis supply chain, and Steve Graves, SVP of Fluence sheds light on the secret to maximizing returns on investment.
By investing in tailored LED lighting solutions, cannabis growers can experience rapid returns through increased yields, improved quality and enhanced energy efficiency.
In an exclusive interview with Benzinga, Graves talks about the transformative power of Fluence's LED lighting systems in driving higher yields and ensuring superior quality.
What sets Fluence apart is not only its cutting-edge technology but also the backing of Signify, a prominent player in the lighting industry. This partnership not only ensures financial stability for Fluence but provides unwavering support to its customers, adding credibility and innovation to the global cannabis markets.
Three-Fold ROI
The return on investment (ROI) offered by efficient LED lighting solutions is three-fold: increased yields, improved quality and enhanced energy efficiency.
Compared to traditional industries, the ROI from investing in Fluence's lighting systems is remarkably swift.
Graves emphasizes the substantial benefits that cannabis growers can reap by replacing high-pressure sodium (HPS) lights with Fluence's LED solutions.
"Investing in our lighting may seem substantial, but the return on investment is rapid compared to other capital investments. By replacing high-pressure sodium with our lights, customers can expect significant yields within two harvests, covering the LED investment," Graves said.
He highlighted the role of increased light intensity in significantly boosting yields and achieving ROI in just two harvests.
The transition from HPS to LED lighting not only enhances yield but also improves energy efficiency. Cannabis growers can expect a notable reduction in electricity consumption by 40 to 50%, resulting in substantial cost savings, particularly in a saturated market.
Signify's Global Presence
Fluence's position in the cannabis industry is strengthened by its association with Signify, the world's largest lighting company. This partnership ensures long-term support for cannabis operators, complemented by Fluence's photobiology research department and its science-led approach to lighting solutions.
"We're a reputable organization owned by Signify, the world's largest lighting company. With over 100 years of existence, $8 billion in annual revenue, and 40,000 employees, we offer financial stability and unwavering support for our customers in this evolving industry," Graves said.
Beyond financial stability and support, Fluence's efficient supply chain management and quick service further benefit cannabis operators.
The company's warehouses, inventory and efficient operations in the U.S. and Europe, coupled with Signify's $1 billion support, ensure timely assistance for cannabis operators eagerly awaiting licenses and permits.
All photos courtesy of Fluence.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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