- MustGrow Biologics is developing mustard-based pest control products that can be sold on an industrial scale to help cannabis, fruit & vegetable, turf & ornamental and tobacco producers
- MustGrow’s non-synthetic focus on alternatives to chemical pesticides grants it a position of responsibility during an era when pesticide poisoning reports are increasing
- The company is turning its attention to the needs of the tobacco industry and the burgeoning cannabis industry in Canada
The ever pressing need to make produce available to people rather than the insects that prowl gardens and agricultural fields has led to the development of a wide array of pesticides since ancient times. Sacred Hindu text the Rigveda from about 4,000 years ago mentions the use of poisonous plants for pest control, for example (http://nnw.fm/nO8Ap). However, chemical pesticides have caused alarm in modern times because of their association with illnesses that may afflict agricultural workers (http://nnw.fm/CDk0e), unborn children (http://nnw.fm/7d89D), beneficial insects (http://nnw.fm/758nA) and food consumers on an international scale (http://nnw.fm/nS67R).
Agriculture biotech company MustGrow Biologics Corp. (CSE: MGRO) is dedicated to developing and commercializing non-synthetic Allyl Isothiocyanate (AITC) from mustard seed as a natural fumigant that helps plants defend themselves against pests and harmful fungus activity, thereby providing an alternative to the synthetic pesticides that may harm people while trying to preserve the agricultural products they ingest.
MustGrow has specifically focused its development activity on supporting fruit & vegetable, turf & ornamental, tobacco and cannabis products in recent months as it has redirected its output from a granular based product approved by regulators for use in both Canada and the United States to a liquid form that may be particularly beneficial to these industries, as it is delivered through drip lines with increased concentration.
The company has 18 granted patents and nine pending applications for control of nematodes (parasitic ringworms), soil-borne diseases and other soil pests, according to its most recent filing statement with SEDAR (http://nnw.fm/1IfIQ).
Bayer Global Segment Manager for FVI Crop Science Hartwig Dauck valued the biological crop protection market at about $2 billion in 2012, forecasting a compound annual growth rate (CAGR) of 15 percent in the following years, according to the statement. Analysts at Agribusiness Intelligence reported earlier this year that the global crop protection market grew six percent in 2018 to $57.5 billion (http://nnw.fm/6EaCQ).
Although synthetic herbicides remained the dominant crop protection category globally, insecticide sales grew the most, raising its market share to 25.3 percent with $14.5 billion in sales.
MustGrow’s scientific focus this year is on using funds to optimize its liquid formulation and to research the potential for cannabis application. In addition, it is looking to bring in third party products for the cannabis market under distribution and in-licensing agreements. The first of these third party products includes an agreement with Triangle Plant Sciences (TPS) to offer exclusive Canadian and global access to TPS’s TP-1000, a bio-fertility product that, based on third party studies, can increase cannabis yields by approximately five percent, THC levels by 10 percent and terpenes by 22 percent.
“This is an exciting time to launch a TPS and MustGrow partnership that will deliver TPS’s best-in-class nutrient technology solutions for MustGrow’s high-value hydroponic applications, including cannabis in production legal geographies,” Senior Product Director at TPS Nick Favret stated after announcing the agreement last month. “Third party indoor trials have demonstrated excellent performance in hydroponic cannabis applications, with significant increases in terpene, and tetrahydrocannabinol (THC) concentration.”
For more information, visit the company’s website at www.MustGrow.ca
NOTE TO INVESTORS: The latest news and updates relating to MGRO are available in the company’s newsroom at http://nnw.fm/MGRO
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.