Revenue 5x
Significant Growth in Sales Revenue
We are pleased to report continued growth in sales revenue. Revenue for the last three months is five times bigger than the previous three month period. With our products now available in three key markets - Aotearoa NZ, Australia and Germany - Rua is establishing a strong national and international presence.
Looking ahead, we are excited to be launching products in the UK within the next month, a move that we anticipate will further accelerate our strong growth trajectory. And we will also have new products in Aotearoa and Germany before the end of this year.
Our current revenue trajectory along with new product offerings in key markets give us confidence in our business plan. We are forecasting revenue over $3mill by the end of FY25.
Capital Raise - Pro-rata rights offer
We do need shareholder support to enable this growth. Rua is currently running a Rights Offer for our valued Shareholders. This is an exciting opportunity at a pivotal point in the company’s journey. As you can see above, our sales are increasing, but we need more putea to grow our sales and achieve cash-flow breakeven.
For more information on the Rights Offer, including the Offer Document and Investor Presentation, please visit our web page.
If you are an existing shareholder through Computershare, and wish to participate please visit www.shareoffer.co.nz/rua.
If you are an existing shareholder through Sharesies, and wish to participate, visit Sharesies.
If you would like to participate and become a new shareholder, you will need to participate through Sharesies.
Rua Roadshows
We are thrilled to announce a series of Rua roadshows across Tairawhiti and Aotearoa! These events are a chance to connect with the Rua team, learn more about our journey and hear about our plans for the future. In the last week, we have been talking to communities in the east coast Tairawhiti region. Check out this short video of our Director and co-founder Panapa Ehau.
We are planning on visiting Poneke Wellington and Tamaki Auckland at the end of this coming week. Event details are on our social media channels (Facebook and Linked In) and they will also be live-streamed for those that cant make it in person.
Panapa Ehau, co-fonder of Rua Bioscience talking about our history, purpose and our vision for the future.
Peter Sollitt, grower, all round expert on cannabis cultivation, discussing his approach.