Miracle Valley:
Has been progressing well. They've paid a $1m deposit so far of $2.3m and have received 24 units (1 room) which are producing now and exceeding expectations.There's 8 more rooms to fit out under this $2.3m order.I expect we'll see this job finished in 2020, with the remaining 20 rooms to start in 2021 (estimating $5-7m in revenue)
MV order is for $2.3m to fit out 9 grow rooms or 9k square feet of their 29k square foot facility.
So far they have paid a $1m deposit for 96 units, or four grow rooms, 24 units were delivered in January 2019 and 24 units were delivered in February 2019. It was announced on 5/4/19 that MV was granted their cultivation and processing licence. Announcement on 29/10/19 indicated first crop had been completed and harvested.
There is a further 48 units (2 rooms) still to be delivered to fulfil the non-refundable deposit then $1.3m to be paid for the remaining 120 units (5 rooms).
Newcomers welcome. RotoGro's outlook for 2020 (and some of 2021), page-9
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