The contract is valid for a period of two years and Veratin has the option to extend the Agreement for a further three years if it wishes to do so. The contract is worth a minimum of $25,000 for the Company.
Founder and Executive Chairman, Dr Ramiz Boulos says, "I am delighted by this development. This is a testament to the fantastic trial results we've had to date on wheat using Verigrow(R). We are now on track to achieving projected sales of $100,000 this financial year compared to $60,000 last financial year. As we continue to develop the broadacre market opportunity, and after the conclusion of ongoing horticulture and turf trials, I can only see sales continuing to grow in 2025 and beyond."
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/YVCSQP80
About Veratin Limited:
Veratin Limited (NSX:VTN) is involved in the research and development of products derived from waste wool, including the development and sales of its initial product, Verigrow(R), a wool-based liquid fertiliser for domestic and commercial use. The Company is also involved in the development of additional products and opportunities derived from its registered intellectual property.
Source:
Veratin Limited
Contact:
Dr Ramiz Boulos Executive Chairman Ramiz.boulos@veratin.com.au