Firstly this retrace is on very small volume, so it would be very hard to buy a significant shareholding at current prices. I think that some holders were disappointed the recent announcement wasn't a MJ acquisition - hard to get excited over buying the IP + Tech. I think a MJ acquisition will happen as they themselves have announced their intention. I also know there are a lot of other material negotiations etc happening in the background....stay tuned.
After the recently announced acquisition, they will own everything, from the manufacturing facility, patents, IP for every use. Anything that has Rotogro in it will be owned by RGI as listed on the asx - as you say absolutely everything across all applications.
If you look at every asx announcement they have put out, the footnote says:
"RotoGro holds worldwide exclusive licenses for lawful medicinal and recreational cannabis markets and worldwide licences for all other purposes including pharmaceuticals, health and nutrition supplements, nutraceuticals and perishable foods."
So only exclusive for MJ, not the other uses. As for Rotogro Tech, it is fairly plainly spelled out in the prospectus. I have also mentioned it several times in some of my posts, search my posts around the same time they announced Rotogro Tech signed a lease on new premises 9/10/17. Also the asx announcement on 27/3/17 "Roto-Gro executes a purchase order with Roto-Gro Technologies Inc. "
As with any stock, you must do DD, RGI is a very young stock, (though the company has been around for quite a while) so it doesn't take very long to read the prospectus + announcements. There is also a lot of valuable information in these threads, you just need to confirm what people write with the announcements etc.
RGI Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
