Although only a small initial order, this will no doubt provide some lucrative work for RGI's fertigation company GFS. What is also interesting is they are one of a handful of companies to be given a LOI with Malta Enterprise. Another is Aurora, a multi billion dollar Canadian MJ company. Now is Aurora going to sit back & watch AEB do 6 crops a year with Rototgro's massive proven yield while they stick to traditional glass house farming? I think not, they probably only learnt yesterday about AEB's cultivation plans....can't see them wanting to be seen as being non progressive.
I'm only speculating, however any business that comes Rotogro's way from Aurora would be huge. AEB are also in the process of applying for an Australian license and in Colombia.
Doubt we'll get any announcements from RGI until they have a firm contract or LOI, maybe it'll be included in a general update like Miracle Valley & Frozen Penguin were mentioned in.
RGI seem to be getting more & more interest in their products, I know it's been slow, there is a big light at the end of the tunnel.
RGI Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held