Roto-Gro International Announced Acquisition in Canada

  • Oct 31, 2019 AEDT
  • Team Kalkine

Roto-Gro International Limited (ASX: RGI) has announced an acquisition of a majority interest, and September quarterly activities report. It is acquiring 51% of the capital stock in Medicinal Compassion CanniFarms Inc in Canada.

  • The target company is an applicant for Health Canada Cultivation and Processing Licenses.
  • Consideration is $110k cash and $7.425 million Roto-Gro shares at $0.2475 per share, conditional on target company receiving license (share-consideration).
  • In September quarter, the company completed commissioning of Oakum Cannabis Corporations’ vertically integrated RotoGro facility.

By 1:20 PM AEST, RGI was trading at $0.175, up by 12.91% relative to the previous close.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK