RotoGro Secures $600,000 in Revenue from Frozen Penguin
(firmenpresse) - RotoGro Secures $600,000 in Revenue from Frozen Penguin
- RotoGro achieves additional revenue of $600,000 order from Frozen Penguin Medical Industries Inc.
- Frozen Penguins 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 Penguins order is the result of RotoGros 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 RotoGros second large-scale Canadian lawful cannabis facility, 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 RotoGros propriety iGrow® growing management software. The construction of Phase One of the Facility facilitates the completion of the final stages of Frozen Penguins 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.
https://www.irw-press.at/prcom/images/messages/2019/46403/RotoGro A33 - RotoGro Secures $600K Order from Frozen Penguin (final) (1) edited (2)_PRCOM.001.jpeg
Picture 1: RotoGro Final Product from Frozen Penguins R&D consultants
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Picture 2: Frozen Penguins R&D consultants / RotoGro Crops
Frozen Penguin Master Grower and co-Founder, Anthony Charles states, We are very excited to move forward with RotoGro as we enter the next phase of our development. Having already ordered our RotoGro/GFS fertigation system we are now ready commence the build-out for Phase One of our facility with RotoGro Hydroponic Garden Systems. We have had our R&D consultants testing the RotoGro Hydroponic Garden Systems for the past 12 months and the yields continue to exceed 7 lbs. of dry flower from each RotoGro Hydroponic Garden System per harvest. It is becoming abundantly clear to us that the RotoGro system produces the lowest cost per gram and the highest yield per square foot of consistent high-quality cannabis in the industry.
RotoGros Head of Sales & Business Development, Jordan Carlin states, Frozen Penguins order of RotoGro Rotational Hydroponic Gardens combined with its previous order of a RotoGro/GFS fertigation system speaks volumes about the strength of our patented and proprietary technologies. Frozen Penguin is expected to be our second large-scale lawful cannabis facility in Canada, showcasing our industry-leading yields. This Order is the culmination of more than 12 months of engagement with Frozen Penguin, illustrating the long lead times from customer enquiry to sale. Our RotoGro team continues to work diligently, nurturing each of our sales leads, as we continue to drive shareholder value.
For more information please contact
Roto-Gro International----
Adam Clode------
General Manager-----
adam.clode(at)rotogro.com----
-------
Investment Enquiries
Terry Gardiner
Barclay Wells Limited
terry(at)barclaywells.com
+61 (0)8 6380 3333
Investment Enquiries
James Titcombe
Emerald Capital Australia
jtitcombe(at)emeraldcapital.com.au
+61 (0)481 055 924
About Roto-Gro International Limited
Roto-Gro International Limited (RotoGro) is an Australian-based company with global operations focused on the cultivation of lawful cannabis and perishable food (produce) which take advantage of its licensed, proprietary, patented, and patents-pending technology in the stackable rotary hydroponic garden space. RotoGro holds worldwide exclusive licenses for lawful medicinal and recreational cannabis markets and has acquired the technology for all other purposes including pharmaceuticals, nutraceuticals and perishable foods.
The Company has collaborated with Gibio Inc. and Freshero Pty Ltd. These ventures leverage RotoGros patented rotational hydroponic garden systems, crop management fertigation hardware and proprietary software systems to produce greater yields and lower operating costs. In addition, the Company has entered into a Share Purchase Agreement to acquire all the issued and outstanding shares in the capital stock of Supra THC Services Inc. which holds a Dealers License issued by Health Canada for lawful cannabis.
RotoGros wholly-owned subsidiary, Global Fertigation Solutions Inc. (GFS), provides a patent-pending specialized business line for water treatment and nutrient management in the viticulture, perishable foods and lawful cannabis space. GFS has successfully provided design solutions, installations and ongoing service contracts for licensed lawful cannabis facilities in the State of Nevada, USA and is embarking on expanding this offering globally.
The Company continues its focus on expanding into industry synergistic opportunities; exploring strategic partnerships and complimentary acquisitions in related markets which include, perishable food (produce) partnerships, lawful cannabis license ownership, growing management services, industry leading nutrients, emerging tissue culture (micropropagation) expertise and other supporting faculties of hydroponic growing.
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Datum: 08.04.2019 - 08:30 Uhr
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