Fertoz Ltd (ASX:FTZ) shareholders have approved the appointment of Stuart Richardson and previous share issue at its general meeting today.
Richardson was appointed as a non-executive director to the board in late June 2018 and has more than 35 years’ experience in investment banking and stockbroking.
Fertoz is an organic fertiliser manufacturer and supplier.
It markets and develops a range of organic fertilisers in North America and Australia.
North American sales boosted from cannabis
With the legalisation of recreational cannabis in Canada planned in October 2018, Fertoz has witnessed growth in both conventional and organic markets.
The market is expected to grow at 30% per annum.
Fertoz has been working with cannabis producers to position itself as a credible source of reliable agronomic information and a premium supplier of organic fertilisers for cannabis plants.