ROHSTOFF INTERNATIONAL

14:03 | 06.02.2018
VividGro™ Acquires Home Grow Marijuana App

VividGro,
a manufacturer of high-quality LED grow lighting products that has
become an AgTech leader, acquired WeGrow,
a cannabis home grow app with over 20,000 downloads in the iTunes Store.
WeGrow, which launched its chatbot-based technology in April 2017, has
dramatically simplified the learning process of growing cannabis using
personalized conversations.

“VividGro acquired WeGrow to further its transition from a provider of
LED lighting solutions to being an integrated AgTech company that
provides crop-agnostic hardware and software solutions to indoor farmers
of all varieties and sizes,” said David Friedman, VividGro’s President.
Friedman added, “WeGrow’s superior technology supports this transition.
We plan to rapidly expand the functionality of WeGrow’s chatbot platform
for the home grow market and extend our reach to licensed cannabis
cultivators worldwide”.

“We’re excited to have completed this sale less than a year after
launching our first smartbot,” said Mason Levy, CEO of Education Bot,
Inc. “VividGro is a perfect partner who will advance our vision of
WeGrow while expanding into every aspect of horticulture — from
cannabis to tomatoes.“

A 2017 Harris poll shows that 8.8 million, or 16% of all adults, would
grow marijuana if it were legal to do so in their state. Growing
marijuana for personal use increases the number of gardeners in the
United States by 9% to 152.1 million. The survey also finds that the age
group most likely to grow their own cannabis is millennials, the target
market for a chatbot platform. Moreover, VividGro’s expansion of the
platform to serve other crops addresses the growing needs of indoor home
gardeners (people who grow vegetables or flowers indoors), a segment
consisting of 60% of people worldwide.

The chatbot technology is designed for users to engage via conversation
with the platform, which uses artificial intelligence to provide
proactive insights to optimize the performance of home gardens or
commercial operations.

The WeGrow founding team continues to enhance smartbot-based engagement
under the Swivl
brand.
About VividGro
VividGro is the groundbreaking horticultural LED division of Lighting
Science Group (“LSG”) and a pioneer in the Agricultural Technology
(AgTech) sector. Utilizing state-of-the-art hardware and software,
VividGro implements solutions that improve growers’ profitability by
lowering operating costs, increasing efficiencies and yields, and
decreasing cycle times. Learn more at www.vividgro.com.
About Education BotEducation
Bot Inc. (“EBI”) created the first of its kind educational iOS app,
WeGrow, that teaches people how to home grow cannabis using chatbot
technology. The EBI team has always embraced a mission much larger than
simply teaching people how to grow a single plant. EBI will continue to
advance its engagement platforms through its proprietary Swivl
technology by designing and experimenting with uniquely branded smart
bots to achieve optimal customer experiences.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180206005748/en/


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