SpotLite360 IOT Solutions, Inc. Enters into an Agreement with Verde Natural Enters


DENVER and VANCOUVER, British Columbia, July 11, 2022 (GLOBE NEWSWIRE) -- SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) is pleased to announce that it has entered into an agreement with Denver, Colorado based Eco Green Grow, LLC d/b/a Verde Natural (“Verde Natural”) (www.verdenatural.com). Under the terms of the first statement of work (“SOW”) the Company’s subsidiary E3 Service Group LLC (“E3”) will provide services, technology, and equipment to upgrade, manage, monitor, and maintain the environmental condition of Verde Natural’s Colorado based indoor cultivation facility. The value of the contract was not disclosed.

Bryson Guyer, Founder of E3 commented, “We bring optimization expertise of design, build and cultivation project management with operators in over a dozen states, effectively managing different cultivation variables and environmental conditions. E3 is excited to partner with Verde Natural for a world class smart facility. Every project is unique to the environmental conditions of the cultivation facilities and our engineering optimizes quality and yield”.

SpotLight360 is an enterprise scalable SaaS based technology firm focusing on improving collaboration and efficiency across the entire supply chain partner ecosystem. SpotLite360’s supply chain technology solutions provide the product tracing, tracking, transparency and trust that discerning customers and consumers are seeking. Facility, environment and equipment process designs offered by E3 leverageSpotLite360’s technology to obtain seed-to-sale data needed for proof of origin, authenticity, sustainability, and product quality that consumers demand in order to gain confidence in the product brand and to ensure that it is being sustainably produced.

Jeff Damavandi, Founder of Verde Natural, followed up, “Verde Natural is founded on the principles of living soil being a vital source of nutrients and life. Our strains are carefully cultivated with the most optimal environmental conditions around the living soil like water, temperature, humidity, and air quality. Verde Natural only grows with organic nutrients to allow our plants to naturally express the therapeutic and medicinal benefits of all the cannabis plant’s molecules. E3’s design/build and data analytics is a critical element in this life cycle”.

Verde Natural’s master grower began cultivating in Humbolt County, California with organically fed no-till outdoor growing. In 2009, Verde Natural began in Colorado with indoor living soil cultivation and their products have since won many awards including High Times Cup, Rooster Classic and THC Champion Top Choice. Verde Natural’s small batch hand grown cannabis is considered some of the highest quality product in the Colorado market and comes from indoor cultivation across nine flowering rooms. E3 is the trusted technology provider of environmental controls for heating, air-conditioning, humidity, air quality and filtration.

On behalf of the Board of Directors of the Company,

SpotLite360 IOT Solutions, Inc.

“James Greenwell”

James Greenwell, President and CEO

For more information about SpotLite360, please visit: http://spotlite360.com

Charles Lee
Investor Relations and Media Inquiries
+1 (720) 830-6120
ir@spotlite360.com

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About SpotLite360 IOT Solutions, Inc.

SpotLite360 is a logistics technologies solutions provider unlocking value, opportunities, and efficiencies for all participants in a supply chain. Building upon existing applications of IoT technologies, distributed ledgers, and machine learning, SpotLite360 endeavours to set new standards of transparency, integrity, and sustainability in the pharmaceutical, healthcare, and agriculture industries. As regulators across the globe begin to impose new tracing and accountability requirements for the protection of consumers (e.g., DSCSA and FSMA from the U.S. Food and Drug Administration), the need for reliable, cost-effective, and versatile tracking technology is expected to grow considerably. SpotLite360’s flagship SaaS solution has been engineered to seamlessly track the movement of a product by integrating with systems of all major stakeholders in a supply chain ranging from the raw materials to the hands of the end consumer. With a primary objective of onboarding new clients in 2022, SpotLite360 plans to explore innovative use cases for its proprietary stack of technologies which could transform logistics workflows in some of the world’s largest industries.

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