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RotoGro Files Patent Statement of Claim$RGI #ASX #agtech #ausbiz #RotoGro #RotatingGarden #Cannabis #UrbanVerticalFarming
— RotoGro (@rotogro) November 3, 2019
Read the full announcement here:https://t.co/KYZq4fGdnN pic.twitter.com/bnjKiWQoz9
RotoGro Secures New Canadian Patent
28 October 2019
* Granting of Canadian patent for Stackable Modular Rotatable Gardening System
* Canadian patent compliments the recent US patent granted in July 2019
* Patents further enhance RotoGro's proprietary competitive advantage
* The Company will continue to prosecute patent all in other jurisdictions
Roto-Gro Inc., a wholly—owned subsidiary of Roto—Gro International Limited ("ASX:RGI", "RotoGro"
or the "Company"), is pleased to confirm the grant of a new Canadian Patent for its Stackable
Modular Rotatable Gardening System, Patent No. 2,908,184 (the "Patent").
The application for the Patent was filed with the Canadian Intellectual Property Office in October 2015, with parallel applications filed in the United States, Europe and Australia. The newly granted Canadian Patent now compliments the Company's recently granted patent in the United States for a Stackable Modular Rotatable Gardening System, Patent No. US 10,292,346 B2. The Company continues to work diligently towards the issuance of parallel patents in both Europe and Australia, requesting an expedited examination from the European Patent Office for its European patent application, and recent correspondence lends credence that Australian patent will be granted in CY Q1 2020.
Details of the Patent
The Patent for RotoGro's Stackable Modular Rotatable Gardening System embodies a modular rotatable garden comprising a drum and a modular main frame. The drum is supported within a modular main frame, such that the drum is rotatable. Plants are grown in soil or hydroponic mediums within the drum in a controlled indoor environment. The Patent also provides for a modular hot air removal system and direct carbon dioxide delivery to the plants within the rotatable garden.
More importantly, the Patent contemplates a stacked rotatable gardening system comprising numerous modular rotatable gardens being stacked vertically (i.e. one on top of the other) and horizontally (i.e. side by side), where each main frame is connected to the main frame of the other modular rotatable garden forming system pods.
Chief Executive Officer, Adam Clode states, “We are excited by the grant of our Canadian Patent in support of the already granted United States patent for a Stackable Modular Rotatable Gardening System. The granted patent was lodged in 2015 in the United States (granted), Canada (granted) as well as Europe (pending) and Australia (pending).
The grant is the successful culmination of several years of our team's laborious efforts through the arduous patent examination process. The Patent secures many different aspects of RotoGro's intellectual property covering stackability, modularisation, hot air removal and direct carbon dioxide delivery to the plants.
We will continue to prosecute our patent applications for Roto-Gro's Stackable Modular Rotatable Gardening System in other jurisdictions and our other patent applications for Roto-Gro's proprietary technology in the United States, Canada, Europe and Australia.”
https://www.asx.com.au/asxpdf/20191028/pdf/449xyjlcvcd87p.pdf
New article on Roto-Gro gives a good summation of the company.
Roto-Gro Next Tech Stock article
Overall it's a good summary, but they should've included some info on the Freshero HOA which (like the Gibio LOI) gives Roto-Gro an expanded market outside of cannabis.
HOA between Roto-Gro and Freshero
Freshero web-site
RotoGro to Acquire 100% of Canadian Lawful Cannabis License
* RotoGro to acquire 100% of the issued share capital of Supra THC from Valens GroWorks Corp. (“CSE:VGW”)
* Supra THC holds a Health Canada issued Dealer’s License
* Pursuant to the Cannabis Regulations Supra THC is permitted to conduct Standard Processing, Analytical Testing, Research, Production, Sale and Distribution of cannabis
* Total consideration is CAD $11,000,000.00 with 80% being paid in the share capital of RotoGro and 20% paid in cash
* Senior executive & consultants engaged to accelerate exploitation of the cannabis licence
https://www.asx.com.au/asxpdf/20181029/pdf/43zqfd53qynlmg.pdf
Roto-Gro announcement released:
RotoGro to Acquire 100% of Canadian Lawful Cannabis License
* RotoGro to acquire 100% of the issued share capital of Supra THC from Valens GroWorks Corp. (“CSE:VGW”)
* Supra THC holds a Health Canada issued Dealer’s License
* Pursuant to the Cannabis Regulations Supra THC is permitted to conduct Standard Processing, Analytical Testing, Research, Production, Sale and Distribution of cannabis
* Total consideration is CAD $11,000,000.00 with 80% being paid in the share capital of RotoGro and 20% paid in cash
* Senior executive & consultants engaged to accelerate exploitation of the cannabis licence
https://www.asx.com.au/asxpdf/20181029/pdf/43zqfd53qynlmg.pdf
Roto-Gro has their new website up and it contains the following, so they should be releasing the full announcement and trading this morning.
In addition, the company has entered into a Share Purchase Agreement to acquire all the issued and outstanding shares in the capital stock of Supra THC Services Inc. which holds a Health Canada approved Dealer’s License.
Pursuant to the Cannabis Regulations (Canada), Supra THC is permitted to conduct Standard Processing, Analytical Testing, Research, Production, Sale and Distribution of lawful cannabis products.
http://www.rotogro.com/
Roto-Gro has their new website up and it contains the following, so they should be releasing the full announcement and trading this morning.
In addition, the company has entered into a Share Purchase Agreement to acquire all the issued and outstanding shares in the capital stock of Supra THC Services Inc. which holds a Health Canada approved Dealer’s License.
Pursuant to the Cannabis Regulations (Canada), Supra THC is permitted to conduct Standard Processing, Analytical Testing, Research, Production, Sale and Distribution of lawful cannabis products.
http://www.rotogro.com/
While the Snakes side of things has been progressing well, that doesn't mean that we should ignore the fact that so far, all GRO3 promises tweeted in the last 8 months have been unfulfilled . While we can assume that they will eventually deliver on promises, the point is that the time frame expectations given in some of those tweets have proven to be totally inaccurate. While we can give them the benefit of the doubt in most cases (delays happen), no-one can deny that the June 27 tweet is a broken promise.
Another month has passed since I last posted the following, so here it is with the updated waiting times.
I hope these things do eventuate, but management need to realize the frustration they are causing.
"Feb 27 - Here is a sneak peak at the layout of the new cultivation facility that GRO3 and RotoGro will be outfitting. Further details regarding the project are coming soon. Very exciting times for the subsidiary!"
***They said "coming soon" but it is now 8 months since that was posted and we've seen no further details.
"May 4 - Ambrose returning from Columbia on a very large and promising GRO3 JV initiative involving local government that could really get the sub fired up. Details will be announced shortly as they develop and progress."
***The word used was "shortly". Almost 6 months have passed and still nothing.
"May 4 - GRO3 Canadian deals progressing well. Project partner continues to forge ahead on business plan and make final push from Stage 6 license status. AMFE considering making private investment in facility as stake in project for company and shareholders. Details to be announced."
***I acknowledge that they didn't state a time frame here, but still it's almost 6 months with no updates given.
"Jun 27 - Big GRO3 meeting later this week. Ambrose and team have been working away behind the scenes and while we know it's been a bit quiet on that subs front for some time, we will be providing some updates within the next few weeks that we feel shareholders will enjoy. Stay tuned!"
***That tweet in particular is the worst case of all. It is a broken promise. The words used were "we will be providing some updates within the next few weeks". It is now 17 weeks (that's 4 months !) since that tweet and we are still waiting. The phrase "we will" is definitive and the generally accepted definition of "few" would be a lot less than 17.
"July 16 - Lastly, I know some will notice that I have left GRO3 out of most of this and that’s only because it’s a whole story on its own. And yes, we do have some updates coming on that JV soon. It has been a long time coming, I know, however the projects that are currently being worked on by Ambrose and his team are all high-end, large-scale projects that took time to be fully outlined and put together. Not far off until you hear about the first one though."
***Over 14 weeks (more than 3 months) since that post and they've given us no project updates at all.
"Jul 31 - Here are a couple more photos of the GRO3 Unit. Hoping to have a GRO3 press release ready to hit the wires in the coming weeks. Some big things happening behind the scenes at the moment and details will be released once appropriate to do so! Thanks for your patience."
***That was over 12 weeks ago (around 3 months). I understand "hoping" and "coming weeks" is more open ended than the previous expectations given and "details will be released once appropriate to do so" is of course reasonable. But since this tweet doesn't specify which of the previous tweets it relates to (Roto-Gro JV ? Colombia ?) even when the next release comes out I get the feeling that at least one of those tweets from February and May could be still left hanging in the air, unless the update is a comprehensive one.
I understand it's hard to estimate timing of these things, I really hope they deliver, but if they are going to tweet hints then they need to be more realistic about the time estimations or maybe even don't put time estimates at all.
centurycom, with respect, you may have been misinformed. What you have stated is not correct.
Roto-Gro units are stackable.
About Roto-Gro International Limited
Roto-Gro International Limited is an Australian-based company with licensed, proprietary, patented, and
patents-pending technology in the stackable rotary hydroponic garden space. RotoGro holds worldwide
exclusive licenses for lawful medicinal and recreational cannabis markets and holds worldwide nonexclusive
licences for all other purposes including pharmaceuticals, nutraceuticals and perishable foods.
https://www.asx.com.au/asxpdf/20180801/pdf/43wzy8ssjx1260.pdf
And from the Roto-Gro brochure:
Plants rotate around a single light source and receive their nutrients
from stationary or external reservoirs that can be controlled and
monitored with our proprietary iGrow® software. Our unique
cylindrical design results in each unit having a harvesting area of
up to 3 times its footprint and units are stackable up to 3 units
in height resulting in harvest capabilities of up to 9 times that of
your typical “sea of green” hydroponics. If we combine this with
the effects of gravitropism (also known as geotropism), and the
positioning of the light source, the harvest can increase up to
12 times that of traditional flat bed growing methods.
GRO3 news is way overdue beyond given time frames, that it is now beyond ridiculous.
While we can give them the benefit of the doubt in most cases (delays happen), no-one can deny that the June 27 tweet is a broken promise. Hypothetically, after that tweet back on June 27, if someone had suggested that we would still be waiting in 13 weeks time, they would have been mocked.
Here is an an update to my first post, which by the way I did email to AMFE at the time.
AMFE management keep tweeting about upcoming GRO3 news releases that do not eventuate in the time frame suggested. I hope these things do eventuate, but management need to realize the frustration they are causing.
"Feb 27 - Here is a sneak peak at the layout of the new cultivation facility that GRO3 and RotoGro will be outfitting. Further details regarding the project are coming soon. Very exciting times for the subsidiary!"
***They said "coming soon" but it is now 7 months since that was posted and we've seen no further details.
"May 4 - Ambrose returning from Columbia on a very large and promising GRO3 JV initiative involving local government that could really get the sub fired up. Details will be announced shortly as they develop and progress."
***The word used was "shortly". Almost 5 months have passed and still nothing.
"May 4 - GRO3 Canadian deals progressing well. Project partner continues to forge ahead on business plan and make final push from Stage 6 license status. AMFE considering making private investment in facility as stake in project for company and shareholders. Details to be announced."
***I acknowledge that they didn't state a time frame here, but still it's almost 5 months with no updates given.
"Jun 27 - Big GRO3 meeting later this week. Ambrose and team have been working away behind the scenes and while we know it's been a bit quiet on that subs front for some time, we will be providing some updates within the next few weeks that we feel shareholders will enjoy. Stay tuned!"
***The words used were "we will be providing some updates within the next few weeks". It is now 13 weeks since that tweet and we are still waiting. The phrase "we will" is definitive and the generally accepted definition of "few" would be a lot less than 13.
"July 16 - Lastly, I know some will notice that I have left GRO3 out of most of this and that’s only because it’s a whole story on its own. And yes, we do have some updates coming on that JV soon. It has been a long time coming, I know, however the projects that are currently being worked on by Ambrose and his team are all high-end, large-scale projects that took time to be fully outlined and put together. Not far off until you hear about the first one though."
***Over 10 weeks since that post, given the track record with those previous tweets you get the feeling of déjà vu.
"Jul 31 - Here are a couple more photos of the GRO3 Unit. Hoping to have a GRO3 press release ready to hit the wires in the coming weeks. Some big things happening behind the scenes at the moment and details will be released once appropriate to do so! Thanks for your patience."
***That was over 8 weeks ago, understand "hoping" and "coming weeks" is more open ended than the previous expectations given and "details will be released once appropriate to do so" is of course reasonable. But since this tweet doesn't specify which of the previous tweets it relates to (Roto-Gro JV ? Colombia ?) even when the next release comes out I get the feeling that at least one of those tweets from February and May could be still left hanging in the air, unless the update is a comprehensive one.
I understand it's hard to estimate timing of these things, I really hope they deliver, but if they are going to tweet hints then they need to be more realistic about the time estimations or maybe even don't put time estimates at all.
Yes it is frustrating. Take particular note of the June 27 tweet below from the post I had made a couple of days ago. No excuses for that one, it is a straight out definitive "we will be providing some updates within the next few weeks" and 9 weeks have now passed with nothing.
*
AMFE management keep tweeting about upcoming GRO3 news releases that do not eventuate in the time frame suggested. I hope these things do eventuate, but management need to realize the frustration they are causing.
"Feb 27 - Here is a sneak peak at the layout of the new cultivation facility that GRO3 and RotoGro will be outfitting. Further details regarding the project are coming soon. Very exciting times for the subsidiary!"
***They said "coming soon" but it is now over 6 months since that was posted and we've seen no further details.
"May 4 - Ambrose returning from Columbia on a very large and promising GRO3 JV initiative involving local government that could really get the sub fired up. Details will be announced shortly as they develop and progress."
***The word used was "shortly". Almost 4 months have passed and still nothing.
"May 4 - GRO3 Canadian deals progressing well. Project partner continues to forge ahead on business plan and make final push from Stage 6 license status. AMFE considering making private investment in facility as stake in project for company and shareholders. Details to be announced."
***I acknowledge that they didn't state a time frame here, but still it's almost 4 months with no updates given.
"Jun 27 - Big GRO3 meeting later this week. Ambrose and team have been working away behind the scenes and while we know it's been a bit quiet on that subs front for some time, we will be providing some updates within the next few weeks that we feel shareholders will enjoy. Stay tuned!"
***The words used were "we will be providing some updates within the next few weeks". It is now 9 weeks since that tweet and we are still waiting. The phrase "we will" is definitive and the generally accepted definition of "few" would be a lot less than 9.
"July 16 - Lastly, I know some will notice that I have left GRO3 out of most of this and that’s only because it’s a whole story on its own. And yes, we do have some updates coming on that JV soon. It has been a long time coming, I know, however the projects that are currently being worked on by Ambrose and his team are all high-end, large-scale projects that took time to be fully outlined and put together. Not far off until you hear about the first one though."
***Over 6 weeks since that post, in itself not quite a big concern yet, but given the track record with those previous tweets you get the feeling of déjà vu.
"Jul 31 - Here are a couple more photos of the GRO3 Unit. Hoping to have a GRO3 press release ready to hit the wires in the coming weeks. Some big things happening behind the scenes at the moment and details will be released once appropriate to do so! Thanks for your patience."
***That was over 4 weeks ago, understand "hoping" and "coming weeks" is more open ended than the previous expectations given and "details will be released once appropriate to do so" is of course reasonable. But since this tweet doesn't specify which of the previous tweets it relates to (Roto-Gro JV ? Colombia ?) even when the next release comes out I get the feeling that at least one of those tweets from February and May could be still left hanging in the air, unless the update is a comprehensive one.
I understand it's hard to estimate timing of these things, I really hope they deliver, but if they are going to tweet hints then they need to be more realistic about the time estimations or maybe even don't put time estimates at all.
AMFE management keep tweeting about upcoming GRO3 news releases that do not eventuate in the time frame suggested. I hope these things do eventuate, but management need to realize the frustration they are causing.
"Feb 27 - Here is a sneak peak at the layout of the new cultivation facility that GRO3 and RotoGro will be outfitting. Further details regarding the project are coming soon. Very exciting times for the subsidiary!"
***They said "coming soon" but it is now over 6 months since that was posted and we've seen no further details.
"May 4 - Ambrose returning from Columbia on a very large and promising GRO3 JV initiative involving local government that could really get the sub fired up. Details will be announced shortly as they develop and progress."
***The word used was "shortly". Almost 4 months have passed and still nothing.
"May 4 - GRO3 Canadian deals progressing well. Project partner continues to forge ahead on business plan and make final push from Stage 6 license status. AMFE considering making private investment in facility as stake in project for company and shareholders. Details to be announced."
***I acknowledge that they didn't state a time frame here, but still it's almost 4 months with no updates given.
"Jun 27 - Big GRO3 meeting later this week. Ambrose and team have been working away behind the scenes and while we know it's been a bit quiet on that subs front for some time, we will be providing some updates within the next few weeks that we feel shareholders will enjoy. Stay tuned!"
***The words used were "we will be providing some updates within the next few weeks". It is now 9 weeks since that tweet and we are still waiting. The phrase "we will" is definitive and the generally accepted definition of "few" would be a lot less than 9.
"July 16 - Lastly, I know some will notice that I have left GRO3 out of most of this and that’s only because it’s a whole story on its own. And yes, we do have some updates coming on that JV soon. It has been a long time coming, I know, however the projects that are currently being worked on by Ambrose and his team are all high-end, large-scale projects that took time to be fully outlined and put together. Not far off until you hear about the first one though."
***Over 6 weeks since that post, in itself not quite a big concern yet, but given the track record with those previous tweets you get the feeling of déjà vu.
"Jul 31 - Here are a couple more photos of the GRO3 Unit. Hoping to have a GRO3 press release ready to hit the wires in the coming weeks. Some big things happening behind the scenes at the moment and details will be released once appropriate to do so! Thanks for your patience."
***That was over 4 weeks ago, understand "hoping" and "coming weeks" is more open ended than the previous expectations given and "details will be released once appropriate to do so" is of course reasonable. But since this tweet doesn't specify which of the previous tweets it relates to (Roto-Gro JV ? Colombia ?) even when the next release comes out I get the feeling that at least one of those tweets from February and May could be still left hanging in the air, unless the update is a comprehensive one.
I understand it's hard to estimate timing of these things, I really hope they deliver, but if they are going to tweet hints then they need to be more realistic about the time estimations or maybe even don't put time estimates at all.