Anything Technologies Media, Inc. (ATM) announced that it has signed a licensing agreement with Sky440 Inc. to distribute the custom grow containers in Northern California. The transaction, the first for Sky440 since it entered into a joint venture agreement with Grow-Tech to manufacture and distribute the highly engineered modules on March 29, 2016, is expected to generate significant long-term revenues for both companies. Under the license agreement, ATM will be the exclusive distributor for the grow containers where the end user is specifically licensed to grow legalized medical marijuana.

The territory boundaries are the southern city limits of Gilroy, California to the south, the California-Oregon state line to the north, the California-Nevada state line to the east, and the Pacific Ocean to the west. The financial terms of the transaction are expected to be released once additional territory negotiations in Texas and New York are concluded over the next few weeks. Under the current revenue sharing model established by the joint venture between Sky and Grow-Tech, every ten containers in service should yield between $1.5 and $2 million dollars annually in adjusted gross revenue.

These specially designed and constructed insulated shipping containers are expected to provide a highly engineered modular and mobile vertical production environment that will be re-engineered to provide the optimum controlled environment for growing horticultural and agricultural products in any environment. Designed for growing crops all year without regard to weather, pollution and free from pests and diseases while being completely off the grid, these 40 foot containers and the new 53 foot containers plan to use proprietary systems that incorporate the latest technology available.