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Canniberia Receives Pre-Approval for its Cannabis Cultivation License Triggering Technology Purchase Order

September 5, 2021 by RotoGro

Canniberia Receives Pre-Approval for its Cannabis Cultivation License Triggering Technology Purchase Order

Canniberia LDA has obtained pre-approval for its cannabis cultivation license from Infarmed I.P.

Pursuant to the CAD $1.9M Purchase and Sale Agreement, the issance of the pre-approval satisfied the condition precedent for a CAD $1.039M Purchase Order for the First Order of RotoGro’s technology, which was scheduled to be provided within 14 business days after the date on which Canniberia received the pre-approval.

In response to ongoing international travel interruptions and Portuguese regulatory delays caused by the COVID-19 pandemic, RotoGro has agreed to extend the delivery of the Purchase Order to 30 September 2021.

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