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Fertoz sees solid and increasing demand for deliveries as it ‘dips its toes’ into US online retail market

Fertoz Ltd (ASX:FTZ) is experiencing solid and increasing demand for deliveries during the Northern Hemisphere Fall despite COVID-19 and border crossing delays into the US, which negatively impacted forecast sales in the June quarter.

Regular shipments from its high-grade Mexico stockpile commenced during the June quarter, albeit slowed by border crossing delays that abated when the new US/Mexico Free Trade Agreement came into effect on July 1, 2020.

A large increase in organic food buying over the June quarter, particularly in the US, is expected to drive larger-than-forecast growth in organic planting in 2021.

Moving into home market[hhmc]
The organic phosphate development company is also moving into the retail home gardeners market with new consumer-sized packaging in the US, as home gardeners look to grow their own organic produce.

Fertoz executive chairman Patrick Avery said: “As most of us are seeing globally, this has been an odd year. COVID-19 has impacted everyone, and one..

Fertoz Ltd (ASX:FTZ) is experiencing solid and increasing demand for deliveries during the Northern Hemisphere Fall despite COVID-19 and border crossing delays into the US, which negatively impacted forecast sales in the June quarter.

Regular shipments from its high-grade Mexico stockpile commenced during the June quarter, albeit slowed by border crossing delays that abated when the new US/Mexico Free Trade Agreement came into effect on July 1, 2020.

A large increase in organic food buying over the June quarter, particularly in the US, is expected to drive larger-than-forecast growth in organic planting in 2021.

Moving into home market


The organic phosphate development company is also moving into the retail home gardeners market with new consumer-sized packaging in the US, as home gardeners look to grow their own organic produce.

Fertoz executive chairman Patrick Avery said: “As most of us are seeing globally, this has been an odd year. COVID-19 has impacted everyone, and one key challenge we face is that of lower costs for conventional fertilisers making organic inputs less competitive.

“During the quarter we faced several supply chain slowdowns for lack of workers, drivers and other essential inputs. We had dozens of education sessions planned but all were cancelled.

“This combination of factors has slowed our penetration of the higher-value fruit and vegetable markets. In the face of this, we had to source new third party processors to process our ore, additional transportation firms to move product to customers and move to online meetings and agronomy sessions with our customers.

“We have ensured the lines of communication with our customers have stayed open through the pandemic, and after having regularly updated the organic articles and blogs on our website, we were pleased to see a strong response in the number of hits each month, not only from established organic farmers but also home-gardeners looking to grow their own organic produce in this COVID world."

Fall bookings


Avery said: “Although spring sales were slow, our fall 2020 bookings are increasing, in part due to increased website hits and in part due to the increasing number of distributors in our key target regions.

“Finally, we are pleased to announce the start of shipments from our Mexico stockpile into the southeast of the USA, amid increased market awareness of our very high phosphate ore from this site.

“We look forward to achieving an increase in deliveries over the coming quarter, as well as our first website sales.”

September quarter plans


Its activities planned for the current quarter include:

➢ Building momentum with distribution agreements and third-party suppliers which offer potential to add significant volumes;

➢ Development of an organic N-P product planned for fall 2020;

➢ Offering 1 pound, 2 pound and possibly 10 pound bags to retail customers, ordered via the Fertoz website; and

➢ Updating the scoping study to shift granulation in-house, offering the potential to significantly reduce production costs of its most popular lines.

Retail market


The company said during the COVID pandemic, it had seen online sales increase dramatically across the organic retail sector.

As such, it is planning to offer smaller consumer-sized bags in the US, as part of a small initial consumer/retail products offering, as it dips its toes into the online retail sales over the remainder of 2020.

Its investigations indicate that this is a very high margin sector.

Regular shipments


The company said it had good bookings for Fall 2020 in North America as it began regular shipments from its Mexico stockpile.

It had stimulated strong early customer interest from two large suppliers.

Fertoz expects to adjust to the new rules of the new US-Canada-Mexico trade agreement and expects this operation to report steady sales in the rest of 2020.

It is working with two new, major fertiliser distributors on final drafts of distribution agreements.

One of them includes the 'full cycle concept', offering grain contracts to growers and recommending or supplying Fertoz products, and the other is one of the largest input providers in eastern Canada and northwest US.

Fertoz is also working with a major, diversified agriculture products and services company, which supplies high-tech farm information, inputs and advisory agronomic services, to carry and recommend its products.

It also plans to install required water monitoring wells in the Marten area, as required by its BC Bulk Sampling permit and is likely to extract ore from this bulk sample in the summer of 2021.

The company received a notice of compliance following an inspection under the EnvirRead More – Source

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Australia

THC Global plans to accelerate medicinal cannabis production on back of strong June quarter

THC Global Group Ltd (ASX:THC) reached several milestones in the June quarter, supplying its first Australian patient with Canndeo branded medicinal cannabis medicines produced at its Southport Facility.

The roll-out of the full suite of the Canndeo medicines range is continuing throughout this quarter and will see the launch of eight new medicine formulations for Australian patients.

THC is also preparing for its maiden export of Canndeo branded medicines to Europe and Canada, with supply expected to commence in quarter three for Canada and quarter four for Europe.

New Zealand exports[hhmc]
In addition to medicinal cannabis sales under the Canndeo brand, THC is now a manufacturer for both Cannatrek and Medleaf Therapeutics.

Under the agreements with Cannatrek and Medleaf, THC will produce and white-label cannabis medicines under those respective brands for sale in the Australian and New Zealand market.

The initial export order to New Zealand worth $260,000 is expected to be deliv..

THC Global Group Ltd (ASX:THC) reached several milestones in the June quarter, supplying its first Australian patient with Canndeo branded medicinal cannabis medicines produced at its Southport Facility.

The roll-out of the full suite of the Canndeo medicines range is continuing throughout this quarter and will see the launch of eight new medicine formulations for Australian patients.

THC is also preparing for its maiden export of Canndeo branded medicines to Europe and Canada, with supply expected to commence in quarter three for Canada and quarter four for Europe.

New Zealand exports


In addition to medicinal cannabis sales under the Canndeo brand, THC is now a manufacturer for both Cannatrek and Medleaf Therapeutics.

Under the agreements with Cannatrek and Medleaf, THC will produce and white-label cannabis medicines under those respective brands for sale in the Australian and New Zealand market.

The initial export order to New Zealand worth $260,000 is expected to be delivered by the company in October.

Tetra Health


The Companys newly acquired clinic network, Tetra Health, has seen significant growth since acquisition with an increase of over 30% in patient enquiries in June alone.

Tetra Health is a key strategic asset for the company in seeking to bridge the affordability gap for cannabis medicines in Australia by providing low cost of access for new patients and product-independent guidance on medicines.

Hydroponics equipment


As announced in early July, the companys hydroponics equipment and cultivation solutions provider achieved its maiden $3 million unaudited half-year trading revenue milestone in June 2020, with total first half 2020 unaudited revenue reaching $3.2 million, being around a 50% increase over the prior period.

The launch of new product and service offerings targeted at the micro-cultivator and home-cultivator sectors through the year is expected to drive further revenue growth.

Difficulties in sourcing and transporting of merchandise from major Asian manufacturing hubs experienced in quarter one due to COVID-19 appear to have partially subsided over quarter two.

As the company noted in its quarter one update, these delays have affected the timing of cash receipts from customers but is unlikely to significantly affect revenue over a longer time scale given pending customer orders are fulfilled as stock is landed in Canada.

THC is preparing for its maiden export of Canndeo branded medicines to Europe and Canada

$8.1 million capital raising


During the quarter, the company completed an institutional placement to raise $6.6 million and a subsequent share purchase plan which raised a further $1.5 million, taking the total capital raised to $8.1 million at 30 cents per share.

Funds will be primarily applied towards enhancing the THCs working cRead More – Source

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Australia

Yandal Resources completes shortfall in $3.3 million non-renounceable rights issue

Yandal Resources Ltd (ASX:YRL) has issued the remaining shortfall shares under the 1 for 5 non-renounceable pro-rata rights issue to raise a total of $3.3 million before costs.

On June 12, the company directors announced a pro-rata non-renounceable rights offer to accelerate the Gordons project as well as the Mt McClure project in Western Australia.

Under the rights issue, eligible shareholders were offered the opportunity to acquire one new share for every five shares held at the record date on June 17 at an issue price of 25 cents per new share.

A total of 1.32 million shortfall shares have now been issued for $330,000

Exploration well-funded[hhmc]
The company plans to progress the feasibility study at its Flushing Meadows prospect at the Ironstone Well Project in the September quarter.

Exploration will also continue at the Gordons Dam prospect.

Yandal is well funded for drill programs which were postponed in the June quarter and will be completed in the September quarter.

The..

Yandal Resources Ltd (ASX:YRL) has issued the remaining shortfall shares under the 1 for 5 non-renounceable pro-rata rights issue to raise a total of $3.3 million before costs.

On June 12, the company directors announced a pro-rata non-renounceable rights offer to accelerate the Gordons project as well as the Mt McClure project in Western Australia.

Under the rights issue, eligible shareholders were offered the opportunity to acquire one new share for every five shares held at the record date on June 17 at an issue price of 25 cents per new share.

A total of 1.32 million shortfall shares have now been issued for $330,000

Exploration well-funded


The company plans to progress the feasibility study at its Flushing Meadows prospect at the Ironstone Well Project in the September quarter.

Exploration will also continue at the Gordons Dam prospect.

Yandal is well funded for drill programs which were postponed in the June quarter and will be completed in the September quarter.

These include:

  • 21 AC holes for 2,500 metres at the Flushing Meadows North prospect;
  • 6 AC holes for 720 metres at the Flushing Meadows South prospect;
  • 3 RC holes for 200 metres Read More – Source
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Australia

Nanoveu in back-to-back trading halts ahead of capital raising news

Nanoveu Ltd (ASX:NVU) has been granted back-to-back trading halts by the ASX pending a capital raising announcement.

The trading halt will be in place until the announcement is made or the start of normal ASX trading on Friday, August 7, whichever occurs sooner.

Distribution agreements [hhmc]
Nanoveu recently signed distribution agreements for its antiviral protection products for the Thai and Malaysian markets with Sanyo Trading Company Ltd.

Through these agreements, Sanyo will look to leverage its extensive contacts in the Asia-Pacific region to distribute several Nanoveus products to groups including hospitals, banks, schools and shopping malls.

Nanoveu will ship its business to business (B2B) rolls of antiviral film – to be applied to an increasing number of surfaces – in addition to its consumer-focused antiviral mobile phone cases and doorRead More – Source

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Nanoveu Ltd (ASX:NVU) has been granted back-to-back trading halts by the ASX pending a capital raising announcement.

The trading halt will be in place until the announcement is made or the start of normal ASX trading on Friday, August 7, whichever occurs sooner.

Distribution agreements


Nanoveu recently signed distribution agreements for its antiviral protection products for the Thai and Malaysian markets with Sanyo Trading Company Ltd.

Through these agreements, Sanyo will look to leverage its extensive contacts in the Asia-Pacific region to distribute several Nanoveus products to groups including hospitals, banks, schools and shopping malls.

Nanoveu will ship its business to business (B2B) rolls of antiviral film – to be applied to an increasing number of surfaces – in addition to its consumer-focused antiviral mobile phone cases and doorRead More – Source

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