Vancouver, British Columbia (FSCwire) Jan 25, 2017 - Canadian Zeolite Corp. (the “Company”) (TSX.V: CNZ) (OTCQB: CNZCF) (FSE: ZEON) is pleased to announce it has reached a Memorandum of Understanding (MOU) with a California based grower and distributor of avocados and citrus products. Under the terms of the MOU Canadian Zeolite will supply the grower with zeolite and specifically developed zeoponics and zeolitic substrates to be used as growing mediums to enhance the overall health of the plants while also significantly reducing the amount of water consumption.
The California Avocado Commission states,“Irrigation is critical to avocado trees because they do not search for water and the roots are only in the top six inches of soil under the canopy. This top six inches of soil has a tendency to dry out and can stress the tree because healthy avocado trees need moist soil.” One of the key benefits of zeolite is the ability to absorb water and slowly release it to the root of a plant as needed.
Ray Paquette, CEO, Canadian Zeolite said, “we are very proud to have established a relationship with a prominent member of the California agricultural industry. This MOU is a great first step in moving the parties forward to defining the terms for a formal Distribution Agreement. This opens another market for the Company´s zeolite as we continue to focus on increasing sales and product development.”
On behalf of the Board of Directors
President & CEO
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Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Canadian Zeolite does not assume the obligation to update any forward-looking statement.