Calian adds AgTech

Article Excerpt

CALIAN GROUP $29.18 (Toronto symbol CGY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.8 million; Market cap: $226.6 million; Dividend yield: 3.8%) has acquired IntraGrain Technologies Inc., a Canadian agricultural technology (AgTech) firm that aims to deliver advanced systems to the agriculture market. Demand for AgTech, also known as smart agriculture, is rising as global population growth puts upward pressure on food producers to increase their yields. Based in Regina, IntraGrain’s main product is its BIN-SENSE grain storage system. That product combines Internet of Things (IoT) connectivity with bin sensors to protect grain quality and eliminate the risk of stored-grain spoilage. The company’s other AgTech products include a digital locking system for gas pumps. Calian Group is still a buy. buy…

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