Cannabis-Tech Company Prepares for ASX Listing in January
A Canadian cannabis-tech company is readying a January ASX listing, capitalising on Australia’s recent move to legalise the manufacturing of medical cannabis.
RotoGro CEO Adam Clode said his system is a cheap, quick and effective way of achieving massive medical cannabis yields, and he calls it the future of indoor growing equipment.
The equipment can be loaded with up to 420 cannabis plants in a single system.
Mr Clode told The Australian cannabis stocks in Australia have been going gangbusters since it became legal to cultivate and manufacture medical cannabis from November 1.
RotoGro is aiming to land on the ASX in January with a public offer for the issue of up to 18 million shares, at an issue price of $0.20 to raise a maximum of $3.6 million.
“With this legalisation there comes a huge opportunity for peripheral industries around the main economic drivers of medical cannabis, such as technologies specifically...
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