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Fertoz a leading ASX gainer with shares up almost 40%

The company’s shares today reached a new 12-month high of 26.5 cents.
ASX chart with arrow pointing up
Fertoz markets and develops organic fertiliser products

Fertoz Ltd (ASX:FTZ), which markets and develops organic fertiliser products, is a leading ASX gainer today, up almost 40% to a new 12-month high of 26.5 cents.

This month the company received the BioGro New Zealand Certificate of Compliance for its leading organic fertiliser FertAg 0-8-0.

READ: Fertoz’s organic fertiliser certified as genuine organic product in New Zealand

BioGro is New Zealand’s largest and best-known certifier for organic produce and products, certifying and accrediting more than 750 producers, farmers and manufacturers across New Zealand and the Pacific.

The BioGro logo guarantees that a product is made without animal testing, genetic modification and the routine use of synthetic pesticides.

It is the mark of a genuine organic product, and FertAg 0-8-0 is now certified for organic agriculture in Australia and New Zealand.

READ: Fertoz shareholders approve board appointment of Stuart Richardson

New Zealand represents a large potential market for FertAg 0-8-0 as many areas have soils that are suffering from mineral and phosphate depletion.

FertAg, the company’s wholly owned Australian subsidiary, is in discussions with various distributors in New Zealand with some having already begun placing orders.

The company is also 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.

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Fertoz Ltd Timeline

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