The following is from stock Head
CropLogic Limited (ASX: CLI)
This is a financially troubled company which is currently under administration, and had its shares suspended by the ASX.
CropLogic provides management and agricultural technology to growers in the USA and ANZ, and focuses on soil monitoring technology.
The company was doing well up to 2019, but disaster struck last year when adverse weather impacted its trial farm’s hemp crop in Oregon, USA.
At present, CropLogic is looking to recapitalise the business.
