Not just in October 2019, the deal was also included in the Notice of Meeting for an EGM on 9/10/2020, although the resolution was pulled at the last minute as the vote is only valid for three months and at that stage 420 Inc was still waiting on getting their licence.
Reviewing the announcement and considering the plans it appears that the deal is not dead yet. Once approval to cultivate was granted they were only going to start off with the initial grow rooms outfitted with flatbeds, which 420 Inc can still go ahead and do without RGI.
From my understanding Infarmed should be very close to issuing the "pre-licence" to Canniberia, in which case we should be getting their order for the initial 72 rotational growing systems and 1 fertigation system. So revenue should be close.
RGI Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
