RavenQuest BioMed (CSE: RQB) has found itself in some hot water. Roto Gro international (ASX: RGI) has filed a statement of claim against the Canadian issuer in relation to the unauthorized use of patented technology. The claim relates to Roto Gro’s patented orbital technology.
Roto Gro and RavenQuest have several years of history together, which should be effectively identified. RavenQuest’s CEO George Robinson has previously engaged Roto Gro for the use of its technology, with engagement between Robinson and Roto Gro beginning as far back as 2016. While operating as a sole proprietor under the name CL2G Consulting, Robinson ordered two units of Roto Gro’s patented systems.
Two more systems later purchased by a Robinson-affiliated firm, known as Synergy Solutions Management which were acquired in July of 2017. Both firms were acquired by RavenQuest BioMed as part of the RTO transaction that occurred in September 2017. A handful of months later, Robinson attempted to license the IP related to the orbital technology in December 2017, however no agreement was ever reached between the two parties.
Following the failure of an agreement being signed, Roto Gro sent Robinson and RavenQuest cease and desist letters on December 21, 2017, demanding they stop utilizing Roto Gro’s technology – information that, to the best of our efforts, is not believed to have been previously made public by RavenQuest. A second cease and desist letter was sent on September 27 of this year, identifying that the issuers “orbital garden” claims would not be permitted upon the grant of Roto Gro’s pending patent.
Collectively, Roto Gro has filed statements of claims in the Federal Court of Canada to numerous entities connected to RavenQuest, including:
- RavenQuest BioMed Inc.,
- CL2G Consulting,
- Synergy Solutions Management,
- 1052543 B.C. Ltd., and
- William George Robinson
The infringement is specifically related to patent number 2908184, which is for Stackable Modular Rotatable Gardening System. The abstract of which, is “This invention relates to a modular rotatable gardening system, comprising a modular main frame supporting a drum for growing plants. This modular rotatable gardening system can be stacked on top of one or more other modular rotatable gardening systems, and also combined in-line. The modular rotatable gardening system may additionally comprise a modular hot air removal ductwork, and may additionally comprise a CO2 delivery system.“
RavenQuest in a release issued yesterday identified that they had been served with the statement of claim by Roto Gro. Commenting on the matter, the issuer stated, “RavenQuest has developed and built the intellectual property surrounding its unique Orbital Garden, and at this time believes the claim to be without merit.”
RavenQuest BioMed is currently trading at $0.14 on the CSE, down 12.50% on the day.
Information for this briefing was found via Sedar, Roto Gro international and RavenQuest Biomed. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.