Investors Pack $16M Into Illumitex for LEDs as Medical Marijuana Gains


Lighting company Illumitex Inc. is illuminating not buildings and streets, but plants like marijuana.  The growth in its market has helped the company secure a new round of funding, as Dow Jones VentureWire reported.

The Austin, Texas-based company’s light emitting diode lamps can be customized to produce wavelengths and intensity specific to facilitating the growth of a particular plant. Illumitex’s lamps are mostly used to grow greenhouse tomatoes and leafy greens indoors, but medical marijuana is a newer and advancing market, said Chief Executive Chris Hammelef.

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Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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