- 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://ibn.fm/ngyl4). However, chemical pesticides have
caused alarm in modern times because of their association with illnesses that may
afflict agricultural workers (http://ibn.fm/WdnZi),
unborn children (http://ibn.fm/6kmKh),
beneficial insects (http://ibn.fm/Z1uMj)
and food consumers on an international scale (http://ibn.fm/Fqtv1).
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://ibn.fm/Pv86N).
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://ibn.fm/9aHYA).
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://ibn.fm/MGRO
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