MustGrow Biologics (CSE: MGRO) (OTC: MGROF), an agricultural biotech company developing and commercializing a portfolio of natural, science-based bio-pesticides and bio-fertility products, this morning announced the finalization of its advanced liquid formulation. The new liquid formulation is an advancement of the company’s signature mustard-derived ‘granule format’ bio-pesticide product. In contrast to the granule format, the liquid formulation can be applied through standard drip or spray equipment and improves functionality and performance. Among other highlights, it has greater efficacy results per volume, a higher concentration of the active ingredient, and lower transportation costs. MustGrow’s liquid formulation work program was completed by National Research Council Canada (“NRC”). The NRC assessed control of hard-to-kill soil-borne diseases and application use-rates, especially diseases that have been challenging for many of Canada’s licensed cannabis producers. The NRC achieved 100% control of hard-to-kill soil borne diseases such as Botrytis and Fusarium using the company’s liquid formulation. Presently, MustGrow is undertaking additional testing to assess efficacy on other pests and further market applications in the food value chain, including storage container fumigation.
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About MustGrow Biologics Corp.
MustGrow is a publicly traded (CSE: MGRO) (OTC: MGROF) agricultural biotech company focused on providing natural science-based biological solutions for cannabis and fruit & vegetable cultivation. In cannabis, the company is currently developing reliable, safe and biological solutions that adhere to Health Canada’s strict regulations. The company currently has three products suited for the cannabis market: a mustard-derived bio-pesticide, CannaProtector(R), to treat soil borne pests and diseases; a bio-fungicide, CannaVate(R), that can be used a foliar application for powdery mildew; and a bio-fertility product, TP-1000, to increase yield, THC and terpene levels. CannaVate(R) and TP-1000 are in-licenced products for which MustGrow has exclusive rights in Canada. CannaProtector(R) is based on MustGrow’s patented natural biologic technology made from mustard seed that acts as a bio-pesticide. MustGrow’s granular product is a United States EPA-approved organic solution that uses the mustard seed’s natural defence mechanism to protect plants from pests and diseases. Approximately CDN $10 million has been spent and over 110 independent tests completed, validating MustGrow’s safe and effective granular product. This product, which contains the same active ingredients as CannaProtector(R), 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’s PMRA (Pest Management Regulatory Agency) as a fruit & vegetable bio-pesticide and fertilizer. MustGrow is positioning CannaProtector(R) as an effective pre-plant soil treatment, reducing the chance for any soil introduced to a greenhouse to bring in pests and diseases. The company expects its bio-pesticide will help licensed cannabis producers control the same conditions addressed in fruit and vegetable crops. The company has approximately 25.0 million basic common shares issued and outstanding and approximately 36.9 million on a fully diluted basis. For more information, visit the company’s website at www.Mustgrow.ca.
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