Sustainable Plant-Based Biological Solutions
MustGrow is an agricultural biotechnology company developing natural biological products derived from mustard seed to support sustainable farming. The Company’s solutions provide alternatives to banned or restricted synthetic chemicals and fertilizers, promoting organic farming and soil health improvement. Key milestones include the launch of their TerraSante™ biofertility product in select U.S. states, a commercial licensing agreement with Bayer for soil biocontrol technology in Europe, the Middle East, and Africa, and continued growth of their intellectual property portfolio focused on mustard-based technologies.
Investor Info
TSXV: MGRO | OTCQB: MGROF | FRA: 0C0
Plant-based technology platform
MustGrow’s groundbreaking sustainable plant-based biotechnologies are derived from mustard seed and formulated into a natural organic biocontrol (soil biobiocontrol, bioherbicide and postharvest food preservation) and biofertility products and technologies.
GAME CHANGING TECHNOLOGIES
Broad Applications
MustGrow’s products technologies deliver superior pest and pathogen control in combination with plant growth and yield benefits available across a broad spectrum of high-value crops and other industries. We are working towards offering our novel solutions in a variety of applications including under biocontrol:
- Soil biocontrol for treatment of soil borne diseases and pests;
- Bioherbicide to treat weeds for organic acres and home & garden; and
- Postharvest biopesticide for storage and food preservation.
Under biofertility, we are also have an organic product called TerraSante™, which is currently registered in the US key high value crop growing states such as California.
Safe and effective products from nature
By focusing on the use of compounds provided by nature as the natural defence mechanism of the mustard plant and extracting for our specific uses, MustGrow biocontrol technologies provide key disease, pest and weed management naturally. Our technologies are produced in nature and refined by us. They are natural and organic and free from synthetic chemicals and genetic modification.
Under biofertility, TerraSante™ is an organic fertilizer (NPK = 4-1-2) that provides rich vegetable proteins and nutrients that feed the plant while also stimulating beneficial microbial activity. This food source improves beneficial microbial activity and ensuring long-term sustainable soil, root and plant health.
Improved production of globally important crops
MustGrow’s products and technologies have been demonstrated and utilized on a commercial scale and have been proven to provide increased yield, growth and plant vigor whilst delivering nematode and disease control at levels comparable to those obtained from synthetic alternatives.
Rapid time to market
MustGrow’s discovery platform taps into the power of mustard seed to generate, test and commercialize products that improve plant health and yield. As MustGrow’s products and technologies typically utilize food ingredients that are recognized as safe with well defined and understood safety parameters and minimal concerns, regulatory approvals can be expedited and time to market is often accelerated as a result.
MustGrow Overview
Global synthetic chemistries are being banned or deregistered and need to be replaced
- Consumers are demanding food that is healthy, natural and safe.
- Producers want to use safe products to protect their crops and maximize yields, but they need those products to be effective.
- Regulatory agencies are significantly restricting or even banning synthetic chemistries and fertilizers. This leaves limited alternatives to increase food production for a growing global population.
- AgChem companies are actively investing in more sustainable natural technologies to replace or compliment synthetic chemicals and fertilizers.
- Sustainable farming practices are critical to feed a growing global population on a finite amount of land.
- Protecting the soil, the farmers most important asset, is vital not only for today but for future generations.
SALES TO COMMENCE ON TERRASANTE™
- In the US, TerraSante™ is currently registered in key high value fruit & vegetable crop growing states including California.
- With these registrations, MustGrow is hoping for initial sales to commence in 2024, with initial sales ramp-up to begin in 2025-2026.
- First registrations of TerraSante™ started in 2023 as a Biological Fertilizer in Washington and Oregon State and received receipt of organic compliance certification from the USDA National Organic Program (OMRI Listed®) in the following Generic Material Listing(s): NOP: Plant Extracts, Class: Crop Fertilizers and Soil Amendments.
- The California Department of Food Agriculture registration approval for its mustard plant-based organic biofertility product, TerraSante™ was received in May 2024. For this product, MustGrow also received organic certification from California’s Organic Input Material (OIM) Program, a specific California requirement beyond MustGrow’s existing Organic OMRI Listed® certifications in Oregon and Washington State.
100% owned patented Mustard-Derived Product & technology Platform
- Soil Biocontrol for treatment of soil-borne pests and diseases in multiple crops such as fruit & vegetables.
- Biofertility product that provides rich vegetable proteins and nutrients that feed the plant while also stimulating beneficial microbial activity.
- Other IP Generation such as for weeds, nematodes, postharvest potato sprouting and disease, and animal and human health.
Tight capital structure
- 51.6 million basic shares outstanding.
- 55.7 million shares fully diluted.
- Insiders and advisors own approximately 21% of total basic shares outstanding.
- Strong cash position of C$3.5 million as of October 2024.
COMMERCIAL PARTNERSHIPS
- MustGrow’s partnership strategy has been to start with exclusive R&D collaboration agreements to allow our partners to work with our technology.
- After approximately a year-and-a-half of R&D testing, MustGrow signed Commercial License Agreement with Bayer in December 2023 for MustGrow’s preplant biocontrol technologies with exclusively in Europe, the Middle East and Africa.
- This is MustGrow’s first Commercial Licensing Agreement, and on a small portion of its global target applications and markets. MustGrow hope that there is many more commercial agreements to come.
- In May 2024, MustGrow signed an exclusive distribution agreement with G.S. Long Co., Inc. for TerraSante™ Biofertility Product in Oregon and Washington State.
OUR APPLICATIONS
MustGrow is developing natural, sustainable technologies for use in agriculture as an alternative to banned/restricted synthetic chemicals and fertilizers; for used in organic production; and for use to help improve overall soil health. These biological technologies include applications in the biocontrol, soil amendment and biofertility markets.
MustGrow News
MustGrow Provides 2024 Pipeline Update
MustGrow Provides 2024 Pipeline Update MustGrow transitions from R&D to commercialization. TerraSanteTM biofertility product manufacturing and sales has commenced, with potential initial sales ramp-up in 2025 and 2026. Commercialization of TerraMGTM soil...
MustGrow Receiving Funding from Agriculture and Agri-Food Canada for Human & Animal Health Applications
MustGrow Receiving Funding from Agriculture and Agri-Food Canada for Human & Animal Health Applications MustGrow will be receiving funding from Agriculture and Agri-Food Canada to investigate mustard-derived ingredient opportunities in human & animal health...
MustGrow Receives Florida Registration for TerraSanteᵀᴹ Biofertility Product
MustGrow Receives Florida Registration for TerraSanteᵀᴹ Biofertility Product MustGrow has received approval from the Florida Department of Agriculture and Consumer Services to commence sales of TerraSanteTM, an organic biofertility product, in the State of Florida....