Mustgrow Biologics Corp - MGROF STOCK NEWS

MustGrow Biologics Corp. (TSXV: MGRO) (OTCQB: MGROF) is set to promote its organic biofertility product TerraSante at the Cal Poly Strawberry Field Day on August 8, 2024. This event attracts hundreds of strawberry growers, researchers, and industry representatives from California, where strawberries represent a US$2.68 billion annual production business.

To accelerate sales efforts, MustGrow has engaged Michael Atkins, a 17-year Nutrien sales veteran and agronomist with extensive experience in Coastal California. The company recently received California Department of Food Agriculture registration approval and organic certification for TerraSante, complementing its existing certifications in Oregon and Washington State.

TerraSante focuses on soil microbiome health, nutrient and water use efficiencies, and plant yields. As an organic biofertilizer, it contains plant proteins and carbohydrates that feed soil microbes, potentially improving nutrient availability and crop performance.

MustGrow Biologics has joined the Global Alliance Against TR4, collaborating with major banana industry players such as Bayer, Chiquita, Del Monte, Dole, and Fyffes to combat Fusarium wilt TR4, a fungal disease threatening the $25 billion global banana industry.

MustGrow's mustard-derived biofungicide has shown 100% efficacy in laboratory settings and positive results in field trials, with no damage to banana plants. Under a commercial partnership, Bayer may continue developing MustGrow's technology, which aims to provide sustainable, organic crop protection solutions globally.

This alliance underscores the urgent need for innovative and sustainable solutions to ensure agricultural production's future and food security.

MustGrow Biologics Corp. (TSXV: MGRO, OTCQB: MGROF, FSE: 0C0) announced the outcomes of its 2024 annual shareholder meeting held on June 27, 2024. Shareholders voted to elect all director nominees listed in the management information circular dated May 28, 2024. The directors elected were Corey Giasson, Colin Bletsky, Brad Munro, Thomas Flow, Matt Kowalski, David Borecky, and Laura Westby, each receiving over 99.76% of the votes in favor.

Additionally, shareholders reappointed Ernst & Young LLP as the auditors and authorized the directors to determine their remuneration. The shareholders also reapproved the company's omnibus equity incentive plan, which is still subject to final TSX Venture Exchange approval. Detailed voting results will be available on SEDAR+.

MustGrow has received California registration and organic approval for its TerraSanteTM biofertility product. The approval allows sales of the organic product in California and signifies an important step in the company's commercialization strategy. TerraSanteTM focuses on soil microbiome health, nutrient efficiency, and plant yields, positioning it well in the organic agriculture market. MustGrow expects to expand its state-level registrations in the U.S., following successful registrations in California, Oregon, and Washington State. The product complements the company's existing biocontrol programs and targets key crops in California's agriculture market.

MustGrow Biologics Corp. has signed an exclusive distribution agreement with G.S. Long Co., Inc. for its TerraSanteTM biofertility product in Oregon and Washington State. TerraSanteTM is organic certified through the USDA National Organic Program, focusing on soil microbiome health, nutrient/water efficiencies, and plant yields. The agreement marks a significant milestone in MustGrow's commercialization strategy. G.S. Long Company is a well-established agricultural retailer with crop consultant capabilities, extending MustGrow's reach in the market. Sales in both states will be authorized under existing product registrations, with plans for further state-level registrations. Oregon and Washington present a strong market opportunity for organic produce, aligning with MustGrow's goals of sustainable agriculture practices.

MustGrow Biologics Corp. will be presenting at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024, with one-on-one meetings scheduled for May 2, 2024. Colin Bletsky, the COO, will host the presentation. Investors can access the live webcast for the presentation and book 1x1 meetings with the company. The event will take place at the Paris Hotel & Casino in Las Vegas, NV.

MustGrow Biologics Corp. has received approval to commence sales of TerraSanteTM, an organic biofertility product, in Oregon State. The product focuses on soil microbiome health, nutrient/water use efficiencies, and plant yields. MustGrow's organic compliance certification from the USDA National Organic Program will apply to this Registration. TerraSanteTM product sales may now commence in Oregon State, with a sales and marketing commercialization strategy already underway. The organic biofertility product will complement the Company's existing biocontrol programs, currently under development with four global partners. MustGrow believes its organic TerraSanteTM product will position Oregon farmers to meet increasing demand for organic, local, and healthy produce.

MustGrow Biologics Corp. (MGRO) Provides Additional Information

MustGrow Biologics Corp. (MGRO) signs a collaboration agreement with Bayer AG (BAYN) for soil applications of mustard-based biocontrol technologies in Europe, Middle East, and Africa. MustGrow will receive upfront license fees, milestone payments, royalties, and manufacturing sales linked to development and commercial achievements. The agreement could approximate USD $35 to $40 million over the next several years.