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Fertoz sees demand growth for organic fertiliser in cannabis market

Agriculture is an industry that’s having ever increasing demands put on it by population growth, and at the same time soil depletion is making mass production of food crops more difficult.

Fertoz (ASX: FTZ) is an organic fertiliser company which markets and develops products in both the US and Australia and works with the principles of organic farming.

The company's executive director Pat Avery told Proactive Investors that the market for organic products is constantly expanding.

"As people get discretionary income, raise a family, we find more and more demand for organic crops and produce and that's the market we are targeting" says Mr Avery.

Fertoz has also seen a new market open up with the legalisation of cannabis in Canada and some parts of the US, as well as increased demand in developing countries such as Mexico and China.

Quick facts: Fertoz Ltd

Price: 0.073 AUD

Market: ASX
Market Cap: $11.27 m

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