RGI 0.00% 22.0¢ roto-gro international limited

Ann: September 2019 Quarterly Report, page-2

  1. 3,972 Posts.
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    Overall good update.
    Oakum about to start planting & will build out the rest of the facility 1H 2020
    Draft purchase agreement with Siksika for 90-150 machines (would presume fertigation too)
    Several other purchase agreements under review
    Possible JVs (& sales I presume) in Malta, Malaysia, Portugal & Canada
    Getting superior yields with LEDs - lower power cost
    Preparation of JV agreement with Freshero - great news they're going to a JV
    Cash burn of $1.4m with $850k revenue was a bit high, most of it was due to production where they would have received 50% deposits in previous Qs
 
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