MustGrow Announces Batch Production of Liquid Product for Further Testing as a Bio-Pesticide and Bio-Herbicide
20 Février 2020 - 1:00PM
MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF)
(the "
Company", "
MustGrow"), an
agricultural biotech company developing and commercializing a
portfolio of natural, science-based biological crop protection
products, is pleased to announce that it has batch-produced 200
liters (53 gallons) of its mustard-derived liquid product
(“
Liquid Formulation”) for further testing as both
a bio-pesticide and bio-herbicide. Independent third party
research facilities will be performing a series of tests on
soil-borne pests & diseases and hard-to-kill weeds to generate
additional efficacy data.
MustGrow’s patented mustard-derived natural
biologic products have consistently demonstrated efficacious
benefits similar to synthetic chemicals, but without the harmful
safety profile often associated with these chemical products. The
need for natural bio-pesticides and bio-herbicides is increasing as
farmers, consumers and regulators seek ‘natural biological’
alternatives to synthetic chemicals.
Bio-Pesticide: Treating High Value
Crops
MustGrow’s signature bio-pesticide products are
derived from mustard seed, utilizing the mustard plant’s natural
defense mechanism as a pre-plant soil treatment. MustGrow’s
granular product is already approved by the EPA across several U.S.
states and by Health Canada’s PMRA (Pest Management Regulatory
Agency) as a fruit, vegetable, turf and ornamental bio-pesticide.
MustGrow is now leveraging its existing granular
registrations to procure a new registration for its Liquid
Formulation, which utilizes the same mustard-derived approach.
MustGrow’s Liquid Formulation may be applied through standard
drip or spray equipment, improving functionality and performance
features such as concentration of active ingredient, more
efficacious results, and ease of handling.
Previous work with National Research Council
Canada ("NRC") tested economic viability of the
Liquid Formulation. Effective application use-rates achieved
>95% control of soil-borne pests &
diseases at application rates as low as 2.5-5.0
gal/acre – believed by MustGrow to be economically
feasible in some fruits, vegetables, turf and ornamental crops.
Further testing will generate data requisite for advancing
the Liquid Formulation bio-pesticide registration, MustGrow’s
primary focus for 2020 corporate value creation.
Bio-Herbicide: Hard-To-Kill
Weeds
An independent third party facility will be
performing a series of tests on two hard-to-kill weeds to generate
additional efficacy data on MustGrow’s Liquid Formulation for use
as a bio-herbicide. As previously reported, MustGrow had completed
a series of application rate tests with Canada’s National Research
Council to determine the applicability of MustGrow’s natural
mustard-derived technology as a bio-herbicide. Using multiple
application methods, herbicidal control was achieved after only 72
hours – controlling the trial plants from the root up. This strong
data validated MustGrow’s natural science-based approach, utilizing
the mustard seed’s natural defence mechanism, not only as a
bio-pesticide, but also as a bio-herbicide.
MustGrow’s existing patent portfolio protects
both method-of-use and composition-of-matter claims for MustGrow’s
signature mustard-derived approach to controlling unwanted pests,
diseases, and now weeds.
About MustGrow
MustGrow is a publicly traded (CSE:
MGRO) (OTC: MGROF) agriculture biotech company focused on
providing natural science-based biological solutions for high value
crops, including organic fruits & vegetables. MustGrow
has designed and owns a United States EPA-approved organic solution
that uses the mustard seed’s natural defence mechanism to protect
plants from pests and diseases. Over 110 independent tests have
been completed, validating MustGrow’s safe and effective signature
products. This product, in granule format, is EPA-approved across
all key U.S. states as a bio-fertilizer and bio-pesticide
(currently limited to a bio-fertilizer in California) and is
designated by Health Canada’s PMRA (Pest Management Regulatory
Agency) as a fruit & vegetable bio-pesticide and
bio-fertilizer. MustGrow has now concentrated a liquid format that
with regulatory approval, could be applied through standard drip or
spray equipment, improving functionality and performance
features.
The Company has approximately 37 million basic
common shares issued and outstanding. For further details please
visit www.mustgrow.ca.
ON BEHALF OF THE BOARD
"Corey Giasson"
Director & CEO Phone: +1-306-668-2652
Forward-Looking Statements
Certain statements included in this press
release constitute "forward-looking statements" which involve known
and unknown risks, uncertainties and other factors that may affect
the results, performance or achievements of MustGrow.
Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects", "is expected", "budget", "estimates",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might",
"occur" or "be achieved".
Forward-looking statements are subject to a
number of risks and uncertainties that may cause the actual results
of MustGrow to differ materially from those discussed in such
forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on,
MustGrow.
These risks are described in more detail in
MustGrow’s Prospectus and other continuous disclosure documents
filed by MustGrow with the applicable securities regulatory
authorities and available at www.sedar.com. Readers are
referred to such documents for more detailed information about
MustGrow, which is subject to the qualifications, assumptions and
notes set forth therein.
This release does not constitute an offer for sale of, nor a
solicitation for offers to buy, any securities in the United
States. Neither the CSE nor its Regulation Services Provider (as
that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
Important
Always read and follow label use directions. ©
2019 MustGrow Biologics Corp. All rights reserved.
MustGrow Biologics (CSE:MGRO)
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