Sign up Australia
Proactive Investors - Run By Investors For Investors

RotoGro International wins hydroponic system order for cannabis cultivation

Hydroponics is a method of growing plants without soil.
RotoGro’s hydroponic system in use
Major milestone in RotoGro’s hydroponic agricultural technology

RotoGro International Ltd’s (ASX:RGI) subsidiary has secured a $2.3 million order for its hydroponic growing systems from Miracle Valley Medical Alternatives.

Miracle Valley is currently building a 29,000 square feet state-of-the-art cultivation and manufacturing facility in British Columbia, Canada.

Aiming to produce up to 5,400 kilograms of lawful cannabis per annum

Phase one of the facility is comprised of about 10,000 square feet of grow rooms which will be outfitted with RotoGro Hydroponic Garden Systems (to be stacked two units high and in four-unit pods).

The facility will also use RotoGro’s propriety iGrow grow management software.

Miracle Valley projects that the facility will produce up to 5,400 kilograms of lawful cannabis per annum, harnessing RotoGro’s systems which provide the lowest cost per gram and the highest yield per square feet in the industry.

First large-scale order from Health Canada licensed producer

RotoGro managing director Michael Carli said: “The successful award of the Miracle Valley Order is a major milestone in RotoGro’s quest to becoming the world leader in hydroponic agricultural technology.

“The order provides the Company with its first large-scale Health Canada licensed producer which will be a flagship to promote further large-scale orders of our RotoGro Hydroponic Garden Systems.”

RotoGro will provide growing management support

The order is a result of several months of collaboration during which RotoGro provided Miracle Valley with front-end technical support and facility design solutions.

This included support for building selection, electrical and mechanical design, liaison with local municipalities, installation specifications, and building layout and optimisation.

RotoGro will continue to provide onsite assembly, installation, testing, certification, training and growing management support for Miracle Valley.

View full RGI profile View Profile

Roto-Gro International Ltd Timeline

Related Articles

leg bones
March 31 2018
"We are now in the position of really trying to kick on in 2018"
cancer cells from taken by an electron microscope
March 13 2018
Sareum has partnered with Sierra Oncology to advance the company's Checkpoint kinase 1 inhibitor
Zelda's Stewart Washer at Proactive's CEO Sessions
November 17 2017
Stewart Washer at Proactive's CEO Sessions this week.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use