- Targeted
global markets include $1.43 billion nematicide industry, $9.5 billion
biopesticide industry
- Economic
impact of crop damage caused by soil-borne nematodes estimated at $100
billion worldwide
- The
EPA has banned most synthetic fumigant nematicides and is also restricting
the use of non-fumigant nematicides
- Consumer
demand for organic products has increased the need for sustainable, green
solutions
- Currently finalizing development
of AITC liquid concentrate for drip line delivery platform
- Testing
underway for potential application as a natural pre-plant soil treatment
in the cannabis industry
- Based
on third-party studies, MustGrow’s technologies deliver superior pest and
pathogen control compared to harmful synthetic chemicals that are being
banned
MustGrow Biologics Corp. is an agricultural biotech company
focused on developing and commercializing its 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.
Nematodes, or microscopic worms, are the most numerous
multicellular animals on earth. A handful of soil will contain thousands of
nematodes, many of which are parasites of insects, plants or animals. Most
plant-parasitic nematodes feed on the roots of plants, damaging the root system
and reducing the plant’s ability to absorb water and nutrients (http://ibn.fm/0AnvA). For the
past 50 years, nematodes have been controlled using chemical nematicides, but
the Environmental Protection Agency now restricts or bans many of the
chemical formulations.
MustGrow’s technologies provide nematode control that is
equal and often superior to synthetic alternatives, resulting in elevated
yields and increased returns for the grower. The global economic impact of
soil-borne nematodes is estimated at nearly $100 billion in lost crops per
year. The American Phytopathological Society (http://ibn.fm/SlUtJ), an international nonprofit scientific
organization dedicated to the study and control of plant diseases, estimates
that plant-pathogenic nematodes are responsible for 14 percent of crop losses
worldwide.
MustGrow’s technology refines mustard seeds to concentrate
the plant’s natural organic compounds that form Allyl isothiocyanate (“AITC”),
which serves the plant as a natural defense system against pests and diseases.
As a result, MustGrow’s novel product offers first-class performance, is 100
percent natural, and its fertilizer product is listed for organic use by the
Organic Materials Review Institute (“OMRI”) under specifications set by the
USDA’s National Organic Program.
MustGrow’s initial technology was a granular pre-plant soil
biofumigant and biofertilizer containing the active ingredient AITC, a proven
nematicide, fungicide and fertilizer. The company has completed 110 independent
third-party field trials on fruit and vegetable crops. As a biofertilizer,
MustGrow’s product is registered with Health Canada and the EPA in all U.S.
states as OMRI-certified. It is also registered for use as a biopesticide by
the EPA in key fruit and vegetable growing U.S. states (except California) and
with Health Canada. MustGrow is finalizing a new liquid delivery platform with
increased concentration of the same active ingredient (AITC) that can be
applied through drip lines to meet the demands of today’s growers.
Results of tests completed to date show that MustGrow
continues to provide innovative solutions with broad based applications within
agriculture. Validated field trial results include:
- 100
percent control of root-knot nematodes in strawberry crops as compared to
methyl bromide
- 55
percent tomato crop yield increase
- 95
percent control of Pythium root rot in lettuce fields
- 70
percent reduction in Verticillium root severity in cucumbers
- Market
Opportunity
Market Opportunity
MustGrow is also testing the potential application of its
technology to the cannabis industry, which is projected to grow to nearly $22
billion in the U.S. by 2020. While there are no uniform guidelines for
pesticide use in the cannabis industry, state-by-state regulations in the U.S.
do exist which has led to instances of pesticide-tainted cannabis showing up in
tested products, leading to recalls and threats of lawsuits. Health Canada
recently published regulations for mandatory testing for pesticides in cannabis
that are now in effect for all growers. MustGrow’s potential application for
cannabis production shows that when its product is used as a pre-plant/pot soil
treatment, it may significantly help control many soil-borne diseases,
pathogens and pests, including nematodes, fusarium, rhizoctonia, and botrytis
(gray mold) that affect the cannabis plant. Cannabis consumers are increasingly
demanding organic products free from chemicals and have shown they are willing
to pay a premium for high-quality organic cannabis. MustGrow is currently
running cannabis soil trials and is seeking Health Canada approval for use of
its product on cannabis.
Global crop protection is a multibillion-dollar market that
is expected to surge over the next five years. Sales of nematicides are set to
grow by 33 percent to $1.43 billion by 2022, while biopesticides are projected
to leap by 94 percent to an estimated $9.5 billion by 2022. MustGrow is
targeting the global nematicide industry with products that include an
innovative pre-plant soil treatment. Solutions for the global biopesticide
industry include seed treatment technologies, fungicides and nematicides.
MustGrow’s groundbreaking technologies use novel plant
compounds to provide superior crop protection naturally.
Management Team
President and CEO Corey Giasson is an entrepreneur with more
than 20 years in the agriculture, potash, oil and gas, mining and real estate
industries. Mr. Giasson co-founded Rallyemont Energy Inc., a heavy oil company
that successfully identified 140 million barrels of recoverable heavy oil, that
was sold in 2013 to Husky Energy. He holds an MBA and bachelor’s degree in
agricultural economics from the University of Saskatchewan.
Chairman Brad Munro has 20-plus years as a vice
president/investments, with a national venture capital firm where he sourced,
invested and managed the activity of over 30 companies and invested $150
million. He has served as a director of over 20 public companies and a greater
number of private enterprises. Munro is currently director of Secure Energy
Services.
COO Colin Betsky is the previous vice president/BioAg at Novozymes,
where he was responsible for the company’s BioAg business worldwide. He holds a
bachelor’s degree in agriculture from the University of Saskatchewan and has
more than 20 years of experience in agricultural chemicals and biologics.
Director Tom Flow is the founder and current president of
The Flowr Corporation (TSX.V: FLWR) and Licensed Producer of cannabis in
Canada. He founded and built MedReleaf, Canada’s most profitable Licensed
Producer which was later acquired by Aurora Cannabis (TSX: ACB) (NYSE: ACB) for
$3.2 billion. Flow is widely recognized for his leadership and expertise in
building and operating cannabis cultivation facilities.
Director Matt Kowalski has a tremendous amount of experience
in the fruit and vegetable and biologics industries. Under his leadership at
Natural Industries, a business focused on biological pest control, the company
was awarded five EPA registrations: three biofungicides, a bionematicide, and a
bioinsecticide. In November 2012, Kowalski led the strategic sale of Natural
Industries to Novozymes BioAg. He is the principal owner of Stronghold Keep
Inc., an investment corporation.
CFO Todd Lahti has extensive experience evaluating and
managing start-up companies in the biotechnology, agricultural and oil and gas
sectors, working directly on financing transactions, mergers and acquisitions,
corporate strategy, business development, technology transfer and operations
set up. He is a Chartered Financial Analyst and a Chartered Professional
Accountant.
For more information, visit the company’s website at www.MustGrow.ca
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