Dear Friends, Shareholders & Supporters;
As we are making application to be a publicly-traded company on the Canadian Securities Exchange, I’d like to share some important information about MustGrow’s patented products and vision, and how recent industry problems have intensified the need for MustGrow to execute on this vision.
MustGrow Biologics Corp.
MustGrow is an agricultural biotech company focused on developing and commercializing its patented natural biofumigant that acts as a fertilizer, nematicide, pesticide and fungicide. Targeting the fruit and vegetable and the cannabis industries, MustGrow has designed an EPA-approved organic solution that uses the mustard seed’s natural defense mechanisms to protect plants from pests and diseases.
MustGrow is led by a management team that brings extensive experience in the biotechnology and agriculture fields. As we enter the cannabis industry, we have brought on strategic board members like Tom Flow, founder and co-CEO of The Flowr Corporation (FLWR-TSXV), a Canadian licensed cannabis producer partnered with Hawthorne Gardening, a subsidiary of Scotts Miracle-Gro. Hawthorne is a leader in supplying grow equipment and supplies to the cannabis industry.
Regulatory Approvals
MustGrow’s granular product is EPA-approved across all key U.S. states as a fertilizer and pesticide (currently limited to fertilizer in California) and is designated by Health Canada as a fruit and vegetable fertilizer and pesticide.
In cannabis, MustGrow is currently developing a natural organic product that is an efficacious and safe solution and will adhere to Health Canada regulations. MustGrow is positioning its product as an effective pre-plant soil treatment that would reduce the chance of growers bringing into their greenhouses soil that is contaminated with pests or diseases. We expect our pesticide and fertilizer will help licensed cannabis producers control pests and increase yield similar to what it does in fruit and vegetable crops.
Industry Problems – A solution is needed
Exposure to commonly-used synthetic pesticides is linked to cancer & other serious health problems, which are amplified once combustion/inhalation occurs; a major concern for cannabis users. Independent studies continue to report alarming findings. Here are a few recent developments that have caught our eye…
September 11, 2018 – Lab tests find mold and pesticides in marijuana and cannabis edibles: Link
A September study by California’s Bureau of Cannabis Control, via the Associated Press, “reported levels of pesticides, mold and bacteria, like E. coli and salmonella, were discovered in tested batches of marijuana products — and nearly 20% of the samples failed to pass recently introduced purity and potency checks in California.”
MustGrow will endeavour to have its range of approved cannabis products available to California growers to reverse this dire situation.
August 22, 2018 – Cost of new mandatory marijuana pesticide testing tough to absorb for Colorado’s growers: Link
In jurisdictions like Colorado, mandatory pesticide testing costs are cutting into already slim margins. The use of approved pesticides ensures cannabis products are safe and pest-free, in a market where a failed test could jeopardize both the health and trust of its consumers and the operation itself.
Businesses cannot afford to lose product through failed pesticide tests – MustGrow will partner with growers to provide pest-free compliant cannabis products.
August 9, 2018 – U.S. appeals court orders EPA to ban pesticide said to harm children: Link
The global pesticide problem has reached endemic proportions outside of cannabis, in MUCH larger markets. “A divided federal appeals court on Thursday [August 9th] ordered the U.S. Environmental Protection Agency to ban a widely-used pesticide that critics say can endanger children and farmers.” The ruling would halt the use of chlorpyrifos on food crops such as fruits, vegetables and nuts. “Writing for the Seattle-based appeals court, Judge Jed Rakoff directed the EPA to ban chlorpyrifos within 60 days, saying the agency failed to counteract scientific evidence that its residue on food causes neurodevelopmental damage to children.”
MustGrow’s organic pesticide has undergone 110 tests for safety & function and is EPA-approved.
Please stay tuned for further macro-developments and a timing update on our listing progress.
Thank you for your continued support.
Sincerely,
Corey