• Viewed 10,240 times by 3014 users (Last 30 days)
  • print Created with Sketch. Print

Corporate Spotlight

Roto-Gro International Limited (RGI) manufactures and sells hydroponically-based rotational growing systems. The Company offers training of operation and maintenance of the equipment and technical support. Roto-Gro International serves customers in Australia.
View the full Corporate Spotlight arrow Created with Sketch.

Roto-Gro

SECURES $600,000

arrow-down-2 Created with Sketch.

RotoGro Secures $600,000 in Revenue from Frozen Penguin

ASX Announcement 8 April 2019 


  • RotoGro achieves additional revenue of $600,000 order from Frozen Penguin Medical Industries Inc. 
  • Frozen Penguin’s first phase comprises 2,000 sq. ft of grow rooms outfitted with RotoGro Garden Systems. The following stages will see the entire facility; including supporting infrastructure for expansion as Frozen Penguin progresses its Health Canada license application 
  • Frozen Penguin’s order is the result of RotoGro’s extensive consultation and direct customer support to meet Frozen Penguins specific facility requirements which has proven successful through this initial $600,000 order 
  • Frozen Penguin is expected to be RotoGro’s second large-scale Canadian lawful cannabisfacility, provoking further large-scale orders and validating the merit of the RotoGro technology 
  • RotoGro will provide Frozen Penguin with onsite assembly, installation, testing, certification, training and growing management support


Roto-Gro World Wide (Canada) Inc., a wholly-owned subsidiary of Roto-Gro International Limited (“ASX:RGI”, “RotoGro” or the “Company”), secures a $600,000 order (the “Purchase Order” or “Order”) from Frozen Penguin Medical Industries Inc. (“Frozen Penguin”), which has applied to Health Canada to cultivate lawful cannabis.


About Frozen Penguin 

Frozen Penguin is currently completing the first phase of its state-of-the-art cultivation and processing facility located in Kelowna, British Columbia, Canada (the “Facility”). Phase One of the Facility is comprised of approximately 2,000 sq. ft. of grow rooms which will be outfitted with RotoGro Hydroponic Garden Systems (installed in arrays of four units, two high) including RotoGro’s propriety iGrow® growing management software. The construction of Phase One of the Facility facilitates the completion of the final stages of Frozen Penguin’s application to Health Canada for a license to cultivate lawful cannabis (the “License”). Once the License is issued by Health Canada, Frozen Penguin plans to expand the Facility in partnership and consultation with RotoGro.


The Order from Frozen Penguin is binding and unconditional, and Frozen Penguin has paid 50% of the purchase price to RotoGro as a deposit for the Order. RotoGro and Frozen Penguin have agreed that the delivery of the RotoGro Hydroponic Garden Systems will be made at the end of Q2 2019. The Order includes onsite assembly, installation, testing, certification, training and growing management support. The Order is a direct result of more than 12 months of collaboration with Frozen Penguin involving research, technical support and facility design.


Picture 1: RotoGro Final Product from Frozen Penguins R&D consultants 

Click here to view the full announcement

FRESHERO TRIALS

arrow-down-2 Created with Sketch.

Freshero Trials and Collaboration Update 

ASX Announcement 1 April 2019


  • Growing trials commenced on November 1, 2018 at the Company’s dedicated research and development grow rooms in Caledon, Ontario, Canada 
  • The initial trials have focused on leafy greens, with trials for fruiting varieties to commence in Q2 2019 
  • RotoGro’s Botanist and Freshero’s Agronomist continue to collaborate on data accumulation including crop yields, density and economics for a variety of perishables (produce) 
  • RotoGro and Freshero are currently designing a proposed pilot facility in New South Wales, Australia, with first machines for this facility to be delivered end Q2 2019 
  • Freshero have advised that the leafy green trials are demonstrating an opportunity to fast-track commercialisation with the fully-automated growing, harvesting and packing system being envisaged 
  • The ongoing trials continue to reflect the opportunity for Freshero and RotoGro to take a successful Urban Farming position in an environmentally sustainable and responsible operation, located almost anywhere in the world


Roto-Gro World Wide (Canada) Inc., a wholly-owned subsidiary of Roto-Gro International Limited (“ASX:RGI”, “RotoGro” or the “Company”), is pleased to provide an update regarding the growing trials being jointly conducted by Freshero Pty Ltd (“Freshero”) and the Company, and the Heads of Agreement pertaining to a joint venture between the parties involving the purchase and sale of Roto-Gro rotational hydroponic garden systems and services (the “HOA”). 


Freshero is an aspiring organic fresh produce grower with long standing relationships across the wholesale, retail and food service space in Australasia, Southeast Asia and the Middle East. Led by its CEO, Mr. Tony Mahoney, Freshero is in the process of establishing indoor urban vertical farming facilities for fresh organic produce in close proximity to retail distribution centres.


The HOA and the future joint venture agreement will leverage RotoGro’s patented and proprietary rotational hydroponic garden systems, crop management fertigation hardware and software systems as part of Freshero’s urban vertical farming offering. RotoGro will supply the capital equipment, software and management time at agreed rates, pursuant to a joint venture agreement and, in return, Freshero will commit to exclusive long-term service agreements with RotoGro for the installation of new, sustainable, protected farming facilities and ongoing operational management and maintenance. In addition, Freshero agrees to pay RotoGro a royalty based on a share of crop sales revenue per growing facility, to be defined in the joint venture agreement.


The growing trials contemplated in the HOA commenced on November 1, 2018 at the Company’s dedicated research and development grow rooms in Caledon, Ontario, Canada. The initial trials have focused on leafy greens, with trials for fruiting varieties to commence in Q2 2019. RotoGro’s Botanist and Freshero’s Agronomist continue to collaborate on accumulating data pertaining to crop yields, density and economics for a variety of perishables (produce). RotoGro and Freshero are currently designing a proposed pilot facility in New South Wales, Australia, with first machines for this facility to be delivered in Q2 2019. 


Freshero’s Chief Executive Officer, Mr. Tony Mahoney stated, “We are very pleased with the trials to date proving the sustainability, traceability and transparency of the RotoGro system from seed to sale. The leafy green trials are demonstrating an opportunity to move to commercialization quite quickly and with the fully automated growing, harvesting and packing system being envisaged, we will be competitive in the market place and possibly unique in being fully automated from seed to market.


The range of produce is potentially greater than any other competing system, transgressing from leafy green produce to a range of fruiting produce. The opportunity for the fruiting crops is particularly significant. As a result, the trials will be extended for an additional 3 months to the end of Q2 2019 to allow us to quantify the results in the additional range of varieties being trialled. The ongoing trials continue to reflect the opportunity for Freshero and RotoGro to take a successful Urban Farming position in an environmentally sustainable and responsible operation, located almost anywhere in the world.”


RotoGro Managing Director, Michael Carli states, “We are encouraged by the results of the current growing trials and our ongoing collaboration with Freshero. The frequent interaction of our respective company’s knowledgeable personnel inspires further innovation. The ability to extend the trials to accommodate additional varieties of produce broadens the size and scope of our proposed facilities and global market penetration. We are also very excited about installing our first pilot facility in Australia and further defining the terms of our proposed joint venture with Freshero.”


Click here to view the full announcement 

GFS SECURES

arrow-down-2 Created with Sketch.

GFS Secures Fertigation Order from The Grove 

ASX Announcement 29 March 2019 


  • Global Fertigation Solutions, Inc. secures purchase order for approximately AUD $220,000 from TGIG LLC trading as “The Grove” 
  • The Grove is currently upgrading and expanding its existing growing facility in Las Vegas, Nevada to increase the total size of its canopy to 12,000 sq. ft. 
  • The GFS solution provides for a retro-fit and upgrade to its existing water treatment capabilities 
  • GFS has secured more than AUD $500,000 of contracted works this quarter


Global Fertigation Solutions, Inc. (“GFS”), a wholly-owned subsidiary of Roto-Gro International Limited (“ASX:RGI”, “RotoGro” or the “Company”), has secured a purchase order (the “Purchase Order” or “Order”) from TGIG LLC, trading as “The Grove” (“The Grove”) for approximately AUD 220,000.


About The Grove 

The Grove (https://thegrovenv.com/) holds a lawful cannabis license operating in Las Vegas, Nevada. The Order involves a retro-fit and upgrade to The Grove’s current operations as it expands its cultivation facility to a second phase. The solution to be delivered by GFS will be incorporated into The Grove’s existing water treatment capabilities, integrating a new fertigation system into custom table layouts and drains. The GFS system will service both The Grove’s existing operations and its Phase Two expansion.


Global Fertigation Solutions, Inc. 

GFS provides automated, precise, real-time batching and dosing of bespoke nutrient recipes on a closed-loop basis for delivery to crops in all agricultural applications throughout their lifecycle (“Fertigation System”). The Fertigation System removes salts, heavy minerals and contaminants from municipal water, supplying an equalised and homogeneous base to which client-specific nutrient recipes are added. The Fertigation System is programmed to batch nutrient blends depending on the stage of the crop’s lifecycle and its feeding requirements. Batch blending is undertaken during the “lights-off” phase of the crop’s lifecycle. The nutrient blend is then sent to standby reservoirs in each of the grow rooms to ensure that all crops may be fed in the first hour of the “lights-on” cycle. Nutrients returned to the standby reservoirs after feeding are delivered to the batch tank for analysis and top-up of additional water and nutrients to meet the next feed cycle requirements before returning to the standby reservoirs. The Fertigation System is fully automated and works on a closed-loop basis (namely, recovery, recycle and recirculate). GFS’s proprietary software has been developed to facilitate remote access, operation and troubleshooting of the Fertigation System.


RotoGro Managing Director, Michael Carli states, “The Grove purchase order is the result of the remarkable efforts of our team at GFS. The sales lead for this order emanated from our booth at the recent MJ Biz Conference in Nevada in November of 2018. The success of the MJ Biz Conference and our register of sales leads places GFS in an excellent position for a productive and profitable year ahead.”


Click here to view the full announcement 

APPROVES CONVERSION

arrow-down-2 Created with Sketch.

Health Canada Approves Conversion of Dealer’s Licence 

ASX Announcement 20 March 2019 


  • Health Canada approves conversion of Supra THC Dealer’s Licence pursuant to new Canadian Cannabis Act 
  • RotoGro is progressing to relocate the Supra THC operations to the proposed 44,000 square foot facility in Caledon, Ontario, Canada 
  • On-going engagement by Cannabis Compliance Inc. with Health Canada to relocate operations and to establish Standard Cultivation 
  • Conversion of the Dealer’s Licence is the first step in transferring the Cannabis licence to RotoGro and positions the company to capitalise on the enormous growth and profits associated with the Canadian cannabis industry


Roto-Gro International Limited (“ASX:RGI”, “RotoGro” or the “Company”) is pleased to announce the approval by Health Canada of the conversion of the Dealer’s License held by Supra THC Services Inc. (“Supra” or “Supra THC”) from the Narcotic Control Regulations of the Controlled Drugs and Substances Act (Canada) to the recently enacted Cannabis Act (Canada) and Cannabis Regulations (Canada). Conversion of the Dealer’s License is the part of the definitive share purchase agreement (“SPA” or “Share Purchase Agreement”) between RotoGro and Valens GroWorks Corp. (“CSE:VGW” or “Valens”) to acquire all of the issued and outstanding shares in the capital stock of Supra THC Services Inc. (“Supra” or “Supra THC”) (see ASX announcement dated October 29th, 2018, which remains subject to the Company obtaining all requisite corporate and regulatory approvals.


Next Steps: 

With the conversion to the Cannabis Act and the Cannabis Regulations complete, the Company will continue working with CCI and Health Canada to progress the change of address and change of ownership required to complete closing with Valens. In parallel, the Company will ensure the key resources for the cultivation facility are security cleared with Health Canada and the regulatory authorities as well as lodge the necessary security plans, floor plans and standard operating procedures to fulfil the requirements for Standard Cultivation at the Cultivation Facility. Although the Company cannot confirm the timeline for certain steps with Health Canada and the regulators, it is anticipated these steps will be complete during Q2 & Q3 of 2019 to allow for buildout of the facility during Q4, 2019, with first crops to be harvested during Q1, 2020.


About Supra THC 

Supra THC is a wholly-owned subsidiary of Valens (a Canadian publicly-listed company located in Kelowna, British Columbia, Canada (https://www.valensgroworks.com/) which specializes in the processing of cannabis into pure extracts and oils.


To date, Supra THC has operated its business pursuant to a Dealer’s License issued by Health Canada in accordance with the Narcotic Control Regulations of the Controlled Drugs and Substances Act (Canada). Supra THC’s Dealer’s License permits the possession of cannabis and related active ingredients, in addition to the production of extracts for the purpose of analysis. The Company engaged Cannabis Compliance Inc (“CCI”) (https://www.cannabiscomplianceinc.com) to coordinate the license conversion to the Cannabis Act (Canada), which is now complete.


With the completion of this conversion, the Company will continue to work with CCI and Health Canada to relocate Supra THC’s operations from the province of British Columbia to the province of Ontario, and to amend the Dealer’s Licence to permit additional cultivation methods at the proposed 44,000 square foot cultivation facility located in Caledon, Ontario, Canada (“Cultivation Facility”).


Click here to view the full announcement

BOARD

arrow-down-2 Created with Sketch.

Corporate Directory

MANAGING DIRECTOR

Michael Carli

Mr. Carli has been a partner with the law firm Rigobon Carli (which he co-founded) since 1989. He has significant expertise in corporate governance, commercial finance and intellectual property. Mr. Carli graduated from the University of Western Ontario Law School with his Juris Doctor degree in 1987. He is a member of the Intellectual Property Institute of Canada and a member of the American Bar Association (Intellectual Property Section).

NON-EXECUTIVE DIRECTOR

Steve Brockhurst

Mr Brockhurst has fifteen years of experience in the finance and corporate advisory industry and has been responsible for the preparation of the due diligence process and prospectuses on a number of initial public offers. His experience includes corporate and capital structuring, corporate advisory and company secretarial services, capital raising, ASX and ASIC compliance requirements.

Mr Brockhurst has served on various boards and has acted as a company secretary for numerous ASX listed and unlisted companies.

NON-EXECUTIVE DIRECTOR

David Palumbo

Mr Palumbo has ten years of experience in accounting and financial reporting of ASX listed and unlisted companies, which includes five years as an external auditor. Mr Palumbo provides corporate advisory and financial management advice and specialises in corporate compliance, statutory reporting and financial accounting services.

He has also been involved in the listing of several junior exploration companies on the ASX.

DIRECTOR AND DIRECTOR OF MANUFACTURING

Michael Slater

The former President and major shareholder of a specialised manufacturing firm in Canada, Michael brings over 50 years of international manufacturing experience to Roto-Gro. Michael has untaken projects in Europe, the former Eastern Europe, Japan, China, Australasia, and North America.

Click here to view company website

(20min delay)
Last
22.5¢
Change
-0.015(6.25%)
Mkt cap ! $27.17M
Open High Low Value Volume
23.0¢ 23.0¢ 20.5¢ $25.62K 115.5K

Buyers (Bids)

No. Vol. Price($)
3 22697 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 2983 1
View Market Depth
Last update - 15.55pm 24/04/2019 (20 minute delay) ?
(live)
Last
22.5¢
  Change
-0.015 ( 6.25 %)
Open High Low Volume
21.5¢ 22.5¢ 21.5¢ 51674
Last updated 15.55pm 24/04/2019 (live) ?
RGI (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.