TSXV: MGRO | OTCQB: MGROF | FRA: 0C0

About MustGrow

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TSXV: MGRO | OTCQB: MGROF | FRA: 0C0

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About MustGrow

MustGrow is an agriculture biotechnology company focused on the development and commercialization of natural biological technologies and products from mustard seed for sustainable agriculture.  The objective of these technologies is for use as an alternative to banned/restricted synthetic chemicals and fertilizers, for use in organic agriculture, and to help improve overall soil health.

Global Synthetic chemistries and fertilizers are being banned/restricted

  • Consumers are demanding food that is healthy, natural and safe.
  • 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.
  • Producers want to use safe products to protect their crops and maximize yields, but they need to work.
  • This is all with a growing global population that will need a safe and environmentally sustainable food supply being produced on a finite amount of arable land.

100% owned patented Mustard-Derived technology

  • Natural biocontrol and soil amendment and biofertility technologies providing positive soil health and ecological impact.
  • TerraSante™, an OMRI Listed® registered biofertility product in the state of Washington, U.S.
  • Four global partners in biocontrol: Sumitomo Corporation, Bayer AG, Janssen PMP, and NexusBioAg. 
  • Over 150 independent third party studies completed.
  • Existing EPA registration on first generation granular technology that had ~C$700,000 in sales as a preplant soil treatment. Now requesting a new EPA registration for a second generation technology that is debulked liquid formulation with increased efficiencies.
  • We have shown through third party trials that our technology can compete on efficacy compared to synthetic chemicals on the biocontrol technologies, and now, with our more efficient liquid formulation, we potentially can also compete on price.
  • Potential to disrupt the existing global agriculture pesticide and fertilizer market estimated at US$324 billion in annual sales by 2030.
A series of tests involving MustGrow products positive effects in crop growth.

Tight capital structure

  • 51.6 million basic shares outstanding.
  • 54.1 million shares fully diluted.
  • Insiders and advisors own approximately 21%.
  • Cash position of C$5.8 million of April 2024.

SALES TO COMMENCE ON TERRASANTE™

  • In late, 2023 TerraSante™ was registered as a Biological Fertilizer in Washington State, USA 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.
  • Washington State is the first of potentially many US fruit & vegetable growing state registrations for the TerraSante™ biofertility product with more to potentially come in 2024.
  • With these registrations, MustGrow is hoping for initial sales to commence in 2024, with a ramp-up to peak market penetration in the US.

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.
  • MustGrow has incorporated this strategy starting with NexusBioAg in Canada on Canadian canola and pulse crops; followed by Sumitomo Corporation in the Americas on preplant soil fumigation on fruit & vegetables; followed by Bayer in Europe, Middle East, Africa and Asia on preplant soil fumigation on fruit & vegetables; and then Janssen PMP globally on postharvest and food preservation of produce.   
  • Note that these exclusive R&D collaboration agreements are not commercial, and therefore, with success commercial agreements would need to be negotiated.
  • On December 11, 2023, MustGrow was pleased to announce the signing of a Commercial License Agreement for MustGrow’s preplant biocontrol technologies with exclusively with Bayer 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. 

We set out to add value

Biocontrol Technologies

Plants from the Brassica species, which musard is apart of, contain an organosulfur compound allyl isothiocyanate (AITC). AITC forms part of the plant’s natural defense system against pests and diseases and is also responsible for the hot and spicy taste associated with these plants. Our innovative platform allows us to efficiently and effectively extract the compounds that form AITC and bring them back together for broad-based use in agricultural as a biopesticide and biofumigant. In additon, we have extracted as second compound from the mustard seed, ionic thiocyanate (SCN-), which has systemic bioherbicide (weed killing) properties.

Biofertility Technologies

The biofertility technology, in mixable form, contains nutritious plant proteins and carbohydrates that feed soil microbes, improving long-term sustainable soil health.  TerraSante™, an OMRI Listed® registered biofertility product in the state of Washington, U.S.

MustGrow’s Solution

MustGrow has developed novel and proprietary solutions that utilize components of the mustard seed to provide high quality disease, insect pests and weed control, and in addition, nutritious plant proteins and carbohydrates that feed soil microbes, thereby potentially improving long-term soil health.  Our technology is truly a platform agriculture technology that is organic, natural and sustainable, and provides benefits to the grower, environment and consumer in multiple markets globally.