Canopy Rivers Announces Collaboration with ZeaKal
Canopy Rivers Inc. has announced an investment and strategic collaboration with ZeaKal, a California-based plant science innovator with proprietary technologies that sustainably increase photosynthesis, improve plant yield and enhance nutritional profiles for a variety of agricultural crops.
The investment from Canopy Rivers marks another significant corporate milestone this year for ZeaKal, following the February announcement of its R&D collaboration with Corteva Agriscience.
ZeaKal’s proprietary technology, PhotoSeed, increases a plant’s intrinsic photosynthetic capacity so that plants can convert more sunlight and carbon dioxide into energy and growth. This results in substantial improvement in seed and grain yield, as well as improved macronutrient profiles that drive an increase in both oil and protein content.
For farmers, this means better productivity and profit margins; for consumers, this means higher nutritional profiles and an environmentally friendly way to meet growing global demand.
Canopy Rivers believes that ZeaKal’s PhotoSeed technology has the potential to translate into significant benefits for the cannabis and hemp industry. Applying this technology represents a significant step forward — with increasing crop yield, higher oil production, additional grow cycles, and enriched cannabinois output numbering among the potential benefits.
As a result of its $10 million investment, Canopy Rivers owns approximately 8.7% of ZeaKal on a fully diluted basis and holds an observer seat on ZeaKal’s board of directors.