Proactive Investors - Run By Investors For Investors

Roto-Gro International Ltd begins delivery of hydroponic system order

The company is focusing on the rapidly expanding medical cannabis market.
Roto-Gro International Ltd begins delivery of hydroponic system order
Roto-Gro is continuing to increase the production of hydroponic systems

Roto-Gro International Ltd (ASX:RGI) has completed the initial delivery of its order from EuroAg Corporation for the supply of 240 Roto-Gro Units over a 12 month period.

The fully-automated Roto-Gro rotary hydroponic system (a method of growing plants without soil) can be used to produce high-quality medical cannabis at a competitive cost.

The delivery of the Roto-Gro units to EuroAg is the result of an up-scaled manufacturing schedule.

In addition, the company is currently delivering several Roto-Gro units to other customers’ testing facilities in the emerging medical cannabis and vertical farming markets.

Following the fulfilment of all current orders, the company will continue to increase the production of Roto-Gro units to enable a substantial number of completed units to be held in inventory.

Roto-Gro is also discussing with universities and research institutions throughout North America and Australia to conduct efficacy studies and trials for the purpose of generating data for customers.

The Roto-Gro System was designed and manufactured in Canada in late 2006 and has undergone continuous improvement since that date.

Between 2007 and 2012, about 600 units have been sold worldwide by Canadian distributor NutriLife Products.

Roto-Gro is capitalising on the immediate opportunity in the rapidly expanding lawful medical cannabis market, with a focus on North America, Europe and Australia.

The new market in Australia is a significant opportunity for peripheral industries, specifically those that help grow, extract and distribute cannabis products.

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full RGI profile View Profile

Roto-Gro International Ltd Timeline

Related Articles

1541530050_california.jpg
November 01 2018
The 35,000 sq ft automated facility is equipped with proprietary fertigation, operational and security systems
cannabis
August 28 2018
Tidal Royalty provides capital to help grow licenced US cannabis firms in exchange for receiving a percentage of future top-line revenues.
Laboratory testing
October 10 2018
Fifteen patients have been enrolled in the trial being carried out at Children’s Hospital of Philadelphia in the USA.

© 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