Financing

Business Case

• Total Cost After Rebate $320,000
• Enhanced Annual Revenue $500,000
• Reduced Annual Expense $55,000
• Improved Annual Financial Performance $555,000

Simple Payback Period – Improved financial performance pays off cost of LED upgrade

• 8 Month Enhanced Financial Performance $370,000
• Down Payment, Interest + Principal $329,000
• Cost of LED Upgrade After Rebate $320,000
• 100% Payback – 8 months

Estimated CAPEX

Down Payment: $182,500

Rebate: $45,000

Finance: $182,500

Total LED Cost $365,000

Estimated OPEX

Down Payment: $182,500

Rebate: $45,000

Finance: $182,500

Estimated Revenue

GRT LED: $2,750,000

DE HPS: $2,250,000

Benefits

• Better Yields
  • 75+ Grams per Ft2, 35% less energy use and over 20% increased Terpene & Cannabinoid content compared to Legacy HID lighting systems
• Uniform Light Distribution
  • Precisely engineered multi-bar system delivers optimal PPFD uniformity across entire canopy
• Full Spectrum for Cannabis
  • Grow Ray’s PhD-designed Ratio-Based™ spectrum has been specifically designed for to coax maximum production at the highest efficiencies
• Energy Savings & Rebate Optimization
  • GrowRay LED lights can cut your energy consumption up to 35% vs. outdated HPS technology. Our team also provides the best turn-key rebate support in the industry, having secured $millions in direct-pay rebates for our clients in 2020 alone
• Highest Levels of Academic Research
  • Our R&D team includes an industry-first blend of licensed cannabis growers, horticultural PhDs, and proven experts in thermal engineering, optics and efficiency research
• Thermal Engineering for Long Life
  • GrowRay lights are purposefully over-engineered for longevity and reliability, with the highest quality components in the industry, including graphite thermal circuit board substrate and the most robust heat sinks available to cannabis cultivators

Engineered to produce the Fastest Return on Investment

• • 35% Energy savings compared to HPS
  • 25% Lower cost HVAC installation and ongoing operating expenses
  • 5 Years Warranty on all parts and labor