Agricultural biotech company MustGrow Biologics today announced the closing of a non-brokered private placement. According to the update, the offering consists of 1,712,533 of MustGrow common shares, each at a $0.70 price per common share, for gross proceeds of $1,198,773. The company intends to use the net proceeds to accelerate research and development of its bio-pesticide and bio-fertilizer formulations, as well as for working capital and general corporate purposes. MustGrow plans to direct research and development proceeds toward its patented mustard-derived signature products and its prospective suite of in-licensed natural biologics.
To view the full press release, visit http://cnw.fm/N3n2T
About MustGrow Biologics Corp.
MustGrow Biologics is an agricultural biotech company that develops and commercializes patented technology that is a natural biopesticide and biofertilizer for use as a fertilizer, nematicide, pesticide and fungicide. MustGrow’s novel and proprietary solutions utilize organic components refined from mustard seed to provide high-quality, organic pest control to growers facing challenges associated with soil-borne diseases and pests such as nematodes. The company’s technology provides an all-natural, effective, safe and easy-to-use solution for farmers seeking to raise healthy crops without the use of pesticides. For more information, visit the company’s website at www.MustGrow.ca.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks 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, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000
For more information please visit https://www.CannabisNewsWire.com
Do you have a questions or are you interested in working with CNW? Ask our Editor