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RGI32.0¢

03/06/2017, 25078614

? ASX - By Stock - Ann: RGI Signs Heads of...

Red Baron

1,189 posts.

03/06/1712:11:35Post #:25078614

Interesting presentation from Canadian Bioceutical Corp. They focus on Arizona, have only 5% of market share, yet expect revenues of $20m this year. They currently use older style hydroponics but will be switching to Roto-gro machines. 

The presentation says they have a 2 year exclusive right to use the Roto-gro system in Arizona & Nevada. They plan to lease up to 250 units to be installed Q1 2017 (last Q). They claim they are getting 8lb of flower ea 8-10 week cycle costing less than US$1.00 per gram.

They currently have a 12,000 sq/ft operation and planning a new 35,000 sqft facility due for completion end of 2017. They are also looking at further expansion through acquisition.

The 1st link below is an older presentation (Jan) it has more information than the current presentation (May 2nd link) about their use of the roto-gro systems.

This is obviously a progressive company moving onto more efficient systems. I think once a bit more competition comes into the sector, companies will look for the most efficient growing methods giving Roto-gro many opportunities.

http://canadianbioceutical.com/wp-content/uploads/BCC-Management-Presentation-January-2017.pdf

http://canadianbioceutical.com/wp-c...nagement-Presentation_-May-2017-FINAL-002.pdf

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RGI (ASX)
Price at posting: 28.0¢
Sentiment: Buy
Disclosure: Held

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