Micron Waste Technologies Attracts Investment from Major Licensed Producer - CFN MediaSeattle, Washington--(Newsfile Corp. - December 21, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article discussing Micron Waste Technologies Inc. (CSE: MWM), which aims to solve the problem of organic waste in the cannabis industry, and a recent agreement that could accelerate the company's commercialization timeline.Cannabis Waste ProblemThe cannabis industry generates a tremendous amount of compostable waste that is being dumped in landfills. While industrial composting systems are far more environmentally friendly than landfills, the cost of using these technologies has prevented many cannabis companies from accelerating the natural decomposition process. Some jurisdictions also tightly control plant waste in a way that doesn't permit off-site composting.Micron Waste Technologies Inc. has developed an organic waste digestion system that manages organic waste on-site, converting it into clean water. The aerobic digester technology leverages micro-oxygen cubicles to enhance the digestion efficiency of microorganisms by up to 95%, with the remaining 5% of undigested particles undergoing further treatment, resulting in clean water that meets municipal standards.The company has initially deployed the technology into the food distribution and quick service restaurant industries, but more recently, it has begun to look at the cannabis industry's waste problem. With flourishing industries in both the U.S. and Canada, the company could be addressing a large and growing end market that is in need of environmentally-friendly solutions to combat regulatory red-tape and the alternative - filling up landfills.Partnership with AuroraAurora Cannabis Inc. recently announced a non-binding term sheet to make a strategic in investment in Micron Waste Technologies. If and when a final deal is approved, Micron will install its technology at one of Aurora's cultivation facilities where both companies will work on optimizing to deliver a commercially-ready version. Aurora will then have the option to sign a definitive supply agreement to purchase more units and preferred pricing.In consideration for participating in this process, Micron will pay Aurora a 4% royalty on gross revenues generated by Micron from the sale, lease, and/or support services agreement pertaining to units sold to companies in the cannabis industry. Micron will retain all intellectual property relating to the technology and will not have to pay the royalty for units sold to companies operating outside of the cannabis industry.Aurora will also have the right to subscribe for up to six million shares of Micron at $0.34 per share for aggregate subscription proceeds of $2,040,000. This represents a 9% interest in the company on a non-diluted basis following the investment. Upon sale of the first unit within the cannabis industry, Micron will issue a further two million shares to Aurora. Aurora will also have the right to participate in future offerings to prevent dilution of its ownership stake."We are delighted to partner with the cannabis industry's innovation leader and enter the remarkably dynamic, fast-growing cannabis sector," said Micron Waste Technologies Inc. CEO Rav Mlait. "Aurora's investment provides additional funds to accelerate diversification into other sectors, such as supermarkets, quick-serve restaurants, agricultural operations, and hotels, which are all faced with high organic waste disposal costs."Looking AheadMicron Waste Technologies Inc. (CSE: MWM) aims to solve a major problem facing the cannabis industry - compostable organic waste. With a partnership with a leading licensed producer, the company is well positioned to accelerate its development timetable and potentially generate significant revenue from this new vertical market.Please follow the link to read the full article: http://www.cannabisfn.com/micron-waste-technologies-attracts-investment-major-licensed-producer/For more information, visit the company's website at www.micronwaste.com.About CFN MediaCFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/become-featured-company/Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.comDisclaimer:Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/ContactCFN MediaFrank Lane206-369-7050flane@cannabisfn.com copyright (c) newsfile corp. 2017 Newsfile Corp.December 21, 2017 - 6:06 AM PSTNews by QuoteMediawww.quotemedia.com