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

Sumitomo Corporation R&D Partnership

WHAT:

  • Exclusive field trials in preplant soil fumigation (TerraMG™) and bioherbicide
  • Region: Americas
  • Exclusive Evaluation and Option Agreement

WHY:

  • Current chemicals in all segments are under significant pressure from governments and consumers across the region
  • Organic acres continue to grow across the region

MARKET POTENTIAL EXAMPLE (Mexico & South America preplant only):

  • Size: ~7.1 million acres of high value crops
  • Market Penetration: ~3.3%
  • Estimated Value Opportunity at Peak: ~US$55 Million/yr

NEXT STEPS:

  • Continued testing in multiple countries in the region
  • Registration activities in multiple countries
  • Commercial contract discussions for specific countries and crops

Source: 3rd Party Ag Market Researcher, MustGrow estimates