Health Canada Approves Conversion of Dealer’s Licence
ASX Announcement 20 March 2019
- Health Canada approves conversion of Supra THC Dealer’s Licence pursuant to new Canadian Cannabis Act
- RotoGro is progressing to relocate the Supra THC operations to the proposed 44,000 square foot facility in Caledon, Ontario, Canada
- On-going engagement by Cannabis Compliance Inc. with Health Canada to relocate operations and to establish Standard Cultivation
- Conversion of the Dealer’s Licence is the first step in transferring the Cannabis licence to RotoGro and positions the company to capitalise on the enormous growth and profits associated with the Canadian cannabis industry
Roto-Gro International Limited (“ASX:RGI”, “RotoGro” or the “Company”) is pleased to announce the approval by Health Canada of the conversion of the Dealer’s License held by Supra THC Services Inc. (“Supra” or “Supra THC”) from the Narcotic Control Regulations of the Controlled Drugs and Substances Act (Canada) to the recently enacted Cannabis Act (Canada) and Cannabis Regulations (Canada). Conversion of the Dealer’s License is the part of the definitive share purchase agreement (“SPA” or “Share Purchase Agreement”) between RotoGro and Valens GroWorks Corp. (“CSE:VGW” or “Valens”) to acquire all of the issued and outstanding shares in the capital stock of Supra THC Services Inc. (“Supra” or “Supra THC”) (see ASX announcement dated October 29th, 2018, which remains subject to the Company obtaining all requisite corporate and regulatory approvals.
Next Steps:
With the conversion to the Cannabis Act and the Cannabis Regulations complete, the Company will continue working with CCI and Health Canada to progress the change of address and change of ownership required to complete closing with Valens. In parallel, the Company will ensure the key resources for the cultivation facility are security cleared with Health Canada and the regulatory authorities as well as lodge the necessary security plans, floor plans and standard operating procedures to fulfil the requirements for Standard Cultivation at the Cultivation Facility. Although the Company cannot confirm the timeline for certain steps with Health Canada and the regulators, it is anticipated these steps will be complete during Q2 & Q3 of 2019 to allow for buildout of the facility during Q4, 2019, with first crops to be harvested during Q1, 2020.
About Supra THC
Supra THC is a wholly-owned subsidiary of Valens (a Canadian publicly-listed company located in Kelowna, British Columbia, Canada (https://www.valensgroworks.com/) which specializes in the processing of cannabis into pure extracts and oils.
To date, Supra THC has operated its business pursuant to a Dealer’s License issued by Health Canada in accordance with the Narcotic Control Regulations of the Controlled Drugs and Substances Act (Canada). Supra THC’s Dealer’s License permits the possession of cannabis and related active ingredients, in addition to the production of extracts for the purpose of analysis. The Company engaged Cannabis Compliance Inc (“CCI”) (https://www.cannabiscomplianceinc.com) to coordinate the license conversion to the Cannabis Act (Canada), which is now complete.
With the completion of this conversion, the Company will continue to work with CCI and Health Canada to relocate Supra THC’s operations from the province of British Columbia to the province of Ontario, and to amend the Dealer’s Licence to permit additional cultivation methods at the proposed 44,000 square foot cultivation facility located in Caledon, Ontario, Canada (“Cultivation Facility”).
GFS Secures Fertigation Order from Polaris Wellness Center
ASX Announcement 26 February 2019
- Global Fertigation Solutions, Inc. secures purchase order for approximately AUD $180,000 from Polaris Wellness Centre LLC
- Polaris is currently upgrading and expanding its growing area to 16,500 sq. ft. in support of its “Best of Vegas Strain” Head Cheese
- The GFS solution provides for storage and distribution capabilities to automate, economise and streamline the Polaris facility’s nutrient lifecycle planning
- The Polaris and Frozen Penguin orders account for more than AUD $300,000 with GFS in the past six weeks
Global Fertigation Solutions, Inc. (“GFS”), a wholly-owned subsidiary of Roto-Gro International Limited (“ASX:RGI”, “RotoGro” or the “Company”), has secured a purchase order (the “Purchase Order” or “Order”) from Polaris Wellness Center LLC (“Polaris”) for approximately AUD 180,000.
About Polaris Wellness Center LLC
Polaris currently operates a 7,500 square-foot state-of-the-art cultivation and processing facility for lawful cannabis located in Las Vegas, Nevada, USA (the “Facility”). With demand for its products escalating rapidly over the past three years, Polaris is upgrading and expanding the growing area in the Facility to 16,500 sq. ft. As part of this expansion, GFS is upgrading the Facility’s water treatment, storage and distribution capabilities to automate, economise and streamline the feeding schedules for its crops.
Global Fertigation Solutions, Inc.
GFS provides automated, precise, real-time batching and dosing of bespoke nutrient recipes on a closed-loop basis for delivery to crops in all agricultural applications throughout their lifecycle (“Fertigation System”). The Fertigation System removes salts, heavy minerals and contaminants from municipal water, supplying an equalised and homogeneous base to which client-specific nutrient recipes are added. The Fertigation System is programmed to batch nutrient blends depending on the stage of the crop’s lifecycle and its feeding requirements. Batch blending is undertaken during the “lights-off” phase of the crop’s lifecycle. The nutrient blend is then sent to standby reservoirs in each of the grow rooms to ensure that all crops may be fed in the first hour of the “lights-on” cycle. Nutrients returned to the standby reservoirs after feeding are delivered to the batch tank for analysis and top-up of additional water and nutrients to meet the next feed cycle requirements before returning to the standby reservoirs. The Fertigation System is fully automated and works on a closed-loop basis (namely, recovery, recycle and recirculate). GFS’s proprietary software has been developed to facilitate remote access, operation and troubleshooting of the Fertigation System.
Polaris Co-Founder and Chief Operations Officer, Jim Switzer states, “We are excited to collaborate with Global Fertigation Solutions, Inc. to grow our award winning “Best of Vegas Strain” Head Cheese. After three successful years of growing and research, we have found the GFS automated watering process far exceeds anything else available on the market. No matter the size of facility, we are able to maintain premium quality cannabis while reducing operational costs with Global Fertigation Solutions.”
RotoGro Managing Director, Michael Carli states, “The Polaris purchase order with our whollyowned subsidiary Global Fertigation Solutions, Inc. highlights our standing as market leaders in technology solutions for the agricultural space. Our team at GFS continuestheir great work since acquisition, driving sales leads to new purchase orders. Although it is not always feasible to retrofit existing facilities with the RotoGro Hydroponic Gardens, GFS is able to secure sales orders in support of our customers needs across the agricultural space.”
Roto-Gro Systems
All of Our Roto-Gro Models Are Designed for Bigger Yields.
No matter which model you choose, all of our systems are designed from the ground up with one key thing in mind: bigger yields.
Bigger yields mean more profits for your business. When using Roto-Gro systems over traditional growing systems not only will your yields be bigger, you will save in space and electricity.
Both 420-R and 420-IT Are Equipped with the following features:
- 4 – 600 watt hps lamps and ballasts
- 420 plant capacity
- Pump and reservoir
- 240v – 48”w / 96”d / 64”h to 172”h
- Model 420 is stackable x 3 (172”h)
- Self Contained
- Quick Assembly
- Durable Construction
Corporate Directory
MANAGING DIRECTOR
Michael Carli
Mr. Carli has been a partner with the law firm Rigobon Carli (which he co-founded) since 1989. He has significant expertise in corporate governance, commercial finance and intellectual property. Mr. Carli graduated from the University of Western Ontario Law School with his Juris Doctor degree in 1987. He is a member of the Intellectual Property Institute of Canada and a member of the American Bar Association (Intellectual Property Section).
NON-EXECUTIVE DIRECTOR
Steve Brockhurst
Mr Brockhurst has fifteen years of experience in the finance and corporate advisory industry and has been responsible for the preparation of the due diligence process and prospectuses on a number of initial public offers. His experience includes corporate and capital structuring, corporate advisory and company secretarial services, capital raising, ASX and ASIC compliance requirements.
Mr Brockhurst has served on various boards and has acted as a company secretary for numerous ASX listed and unlisted companies.
NON-EXECUTIVE DIRECTOR
David Palumbo
Mr Palumbo has ten years of experience in accounting and financial reporting of ASX listed and unlisted companies, which includes five years as an external auditor. Mr Palumbo provides corporate advisory and financial management advice and specialises in corporate compliance, statutory reporting and financial accounting services.
He has also been involved in the listing of several junior exploration companies on the ASX.
DIRECTOR AND DIRECTOR OF MANUFACTURING
Michael Slater
The former President and major shareholder of a specialised manufacturing firm in Canada, Michael brings over 50 years of international manufacturing experience to Roto-Gro. Michael has untaken projects in Europe, the former Eastern Europe, Japan, China, Australasia, and North America.
