Veratin Limited Stock Market Press Releases and Company Profile
Binding Agreement with QFH and Growing Sales
Binding Agreement with QFH and Growing Sales

Sydney, Feb 6, 2024 AEST (ABN Newswire) - Veratin Limited (googlechartNSX:VTN) is pleased to announce it has signed a binding Goods Supply Agreement (Agreement) with QFH Multiparts (QFH) in Katanning for a minimum purchase of 10,000L of Verigrow(R) per year.

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."

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About Veratin Limited

Veratin LimitedVeratin 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. 


Dr Ramiz Boulos
Executive Chairman

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