MustGrow Receives Registration Approval for TerraSante(TM) in Washington State

Rhea-AI Summary

MustGrow Biologics Corp. (TSXV: MGRO) (OTCQB: MGROF) (FSE: 0C0) has received the Washington State Department of Agriculture Fertilizer Registration Certificate for TerraSanteTM, its mustard plant-based crop fertilizer and soil amendment product. The product has also been awarded organic compliance certification from the USDA National Organic Program (OMRI Listed®). TerraSanteTM focuses on soil microbiome health, nutrient/water use efficiencies, and plant yields, with a commercialization strategy already forming for the 2024 planting season.

Positive

• TerraSanteTM received the Washington State Department of Agriculture Fertilizer Registration Certificate, allowing commercial sales in the state, which is a significant milestone for MustGrow. The product's organic compliance certification from the USDA National Organic Program will further enhance its market potential. MustGrow's commitment to launching innovative, sustainable, and regenerative agriculture products is evident in its development of mustard-derived technologies for soil and ecological health.

Negative

• None.

• Washington State Department of Agriculture Fertilizer Registration Certificate received to commence sales of TerraSante^TM crop fertilizer and soil amendment product in Washington State.

• MustGrow's recently-awarded organic compliance certification from the USDA National Organic Program (OMRI Listed®) will apply to this Registration.

• Mustard-derived TerraSante^TM focuses on soil microbiome health, nutrient/water use efficiencies, and plant yields.

• MustGrow is committed to launching mustard-derived innovative, sustainable, and regenerative agriculture products.

Saskatoon, Saskatchewan--(Newsfile Corp. - November 15, 2023) - MustGrow Biologics Corp. (TSXV: MGRO) (OTCQB: MGROF) (FSE: 0C0) (the "Company" or "MustGrow") is pleased to announce receipt of the Washington State Department of Agriculture Fertilizer Registration Certificate for its mustard plant-based TerraSante^TM crop fertilizer and soil amendment product. TerraSante^TM's recently-awarded organic compliance certification from the USDA National Organic Program (OMRI Listed^®) will apply to TerraSante^TM product sales in Washington State.

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TerraSante^TM product sales can now commence in Washington State, with a sales & marketing commercialization strategy already forming in conjunction with BioAg Product Strategies for the 2024 planting season. In addition to Washington State, registration work is progressing rapidly in other key U.S. states.

"With our first state government registration approval, we have cleared the final requirement to commence TerraSante^TM commercial sales," commented MustGrow's President & CEO, Corey Giasson. "Agriculture needs new organic innovations to support food production and MustGrow has answered the call. This product approval demonstrates our ability to execute and also have a meaningful impact on the key U.S. agricultural regions that are under constant pressure to eliminate or reduce synthetic products and increase the use of natural biologics such as TerraSante^TM."

In 2019, Washington State's agriculture production totaled USD $9.49 billion. Washington State's rich soils, diverse climates, and large-scale irrigation nurture the production of over 300 different crops in one of the world's most productive agricultural regions. For example, Washington State is the nation's largest producer of apples, blueberries, hops, pears, spearmint oil, and sweet cherries and the number two producer of apricots, asparagus, dry onions, grapes, potatoes, raspberries, and winter wheat. Organic acres total 105,660, representing USD $652 million in total farm gate sales, with another 7,824 acres in certified organic transition.⁽¹⁾

MustGrow believes this soil amendment and biofertility initiative will complement its existing biocontrol programs in preplant soil fumigation, postharvest food preservation, and bioherbicide, which are currently under development with four global partners: Janssen PMP, Bayer, Sumitomo Corporation, and NexusBioAg. These four partnered programs continue to achieve performance milestones and expand globally in scope and investment.

TerraSante^TM for Soil and Ecological Health

MustGrow's soil amendment and biofertility development programs will focus on soil and soil microbiome health, nutrient and water use efficiencies, and plant yields. Soil is a farmer's most valuable and precious asset, and MustGrow's mustard plant-based technologies are being developed with the intention to improve not only the health of the soil, but also the surrounding ecological environment.

As a soil amendment in mixable form, TerraSante^TM contains nutritious plant proteins and carbohydrates that feed soil microbes, potentially improving beneficial microbial activity and ensuring long-term sustainable soil health. These targeted micro-communities have been shown to work to improve nutrient availability, which can potentially increase plant vigor and yields, while reducing plant stress. TerraSante^TM has the potential to improve crop nutrient uptake and, hence, overall crop performance. There are no artificial additives or preservatives used during its manufacturing.

To learn more about TerraSante™, visit www.mustgrow.ca.

Sources:
(1) https://agr.wa.gov/washington-agriculture

About MustGrow

MustGrow is an agriculture biotech company developing organic biocontrol, soil amendment and biofertility products by harnessing the natural defense mechanism and organic materials of the mustard plant to sustainably protect the global food supply and help farmers feed the world. MustGrow and its leading global partners -- Janssen PMP (pharmaceutical division of Johnson & Johnson), Bayer, Sumitomo Corporation, and Univar Solutions' NexusBioAg -- are developing mustard-based organic solutions to potentially replace harmful synthetic chemicals. Concurrently, with new formulations derived from food-grade mustard, the Company is pursuing the adoption and use of its technology in the soil amendment and biofertily markets. Over 150 independent tests have been completed, validating MustGrow's safe and effective approach to crop and food protection and yield enhancements. Pending regulatory approval, MustGrow's patented liquid technologies could be applied through injection, standard drip or spray equipment, improving functionality and performance features. Now a platform technology, MustGrow and its global partners are pursuing applications in several different industries from preplant soil treatment and weed control, to postharvest disease control and food preservation, to soil amendment and biofertility. MustGrow has approximately 50.1 million basic common shares issued and outstanding and 55.0 million shares fully diluted. For further details, please visit www.mustgrow.ca.

Contact Information

Corey Giasson
Director & CEO
Phone: +1-306-668-2652
info@mustgrow.ca

MustGrow Forward-Looking Statements

Certain statements included in this news 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". Examples of forward-looking statements in this news release include, among others, statements MustGrow makes regarding: the Company's commitment to launching mustard-derived innovative, sustainable, and regenerative agriculture products; the formation of sales & marketing commercialization strategy for Washington State; the expected progression of registration work in other key U.S. states; and whether the soil amendment and biofertility initiative will complement its existing biocontrol programs in preplant soil fumigation, postharvest food preservation, and bioherbicide.

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. Important factors that could cause MustGrow's actual results and financial condition to differ materially from those indicated in the forward-looking statements include market receptivity to investor relations activities as well as those risks described in more detail in MustGrow's Annual Information Form for the year ended December 31, 2022 and other continuous disclosure documents filed by MustGrow with the applicable securities regulatory authorities which are 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 TSXV, nor their Regulation Services Provider (as that term is defined in the policies of the TSXV), nor the OTC Markets has approved the contents of this release or accepts responsibility for the adequacy or accuracy of this release.

© 2023 MustGrow Biologics Corp. All rights reserved.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187376

FAQ

What is the significance of the Washington State Department of Agriculture Fertilizer Registration Certificate for MustGrow Biologics Corp.?

The certificate allows the company to commence commercial sales of its TerraSanteTM crop fertilizer and soil amendment product in Washington State.

What is TerraSanteTM?

TerraSanteTM is a mustard plant-based crop fertilizer and soil amendment product that focuses on soil microbiome health, nutrient/water use efficiencies, and plant yields.

What is the commercialization strategy for TerraSanteTM?

A sales & marketing commercialization strategy is already forming in conjunction with BioAg Product Strategies for the 2024 planting season.

What is the potential impact of TerraSanteTM on agriculture?

TerraSanteTM aims to support food production with new organic innovations, demonstrating MustGrow's ability to execute and have a meaningful impact on key U.S. agricultural regions.

What are the key features of TerraSanteTM for soil and ecological health?

TerraSanteTM contains nutritious plant proteins and carbohydrates that feed soil microbes, potentially improving beneficial microbial activity and ensuring long-term sustainable soil health. It has the potential to improve crop nutrient uptake and overall crop performance.