MustGrow Biologics Corp. (MGRO-CSE) (“
MustGrow” or
the “
Company”), an agricultural biotech company
developing and commercializing a portfolio of natural,
science-based bio-pesticides and bio-fertility products for the
cannabis industry, is pleased to outline its growing portfolio of
natural biologic products.
Soil-borne (Fusarium, Rhizoctonia and Botrytis)
and air-borne (powdery mildew) diseases contaminate cannabis
cultivation facilities. Requirements published by Health
Canada necessitate mandatory testing for pesticides in
cannabis (effective January 2, 2019). Through MustGrow’s suite of
natural bio-pesticides and bio-fertility products, Canadian
cannabis licence-holders may have access to products that aid in
production of compliant, pest-free cannabis.
MustGrow’s Product Suite of
Biologics:
Product |
Target |
Application |
Disease Description |
Source |
Product Notes |
CannaProtector®
- Mustard-derived
- 100% owned
- Patented IP
- Q2-2020* potential first sale
|
Soil-borne diseases such as Fusarium & Rhizoctonia (root rot)
and Botrytis (gray mold) |
Pre-plant pre-pot soil treatment |
Soil-borne; brought into facilities via contaminated soil; known to
destroy entire cannabis rooms and can lay dormant in both soil and
waterlines for years before becoming active and detrimental |
MustGrow’s signature mustard-derived formula |
Granular format; 100% control vs. harmful chemistries; 110
independent trials completed showing efficacy. |
CannaVate®
- Active ingredient: Streptomyces
lydicus
- Exclusive
- Q4-2020* potential first sale (could
be earlier with an emergency use label)
|
Powdery mildew |
Foliar spray for preventative treatment |
Air-borne spores are continuously produced and spread, which
further infect other plant leaves in warm and humid conditions;
appears as white or grey dusty patches on leaf surfaces |
Undisclosed multinational corporation |
Streptomyces lydicus is the active ingredient in a previously
available product which was once used by Canadian cannabis licensed
cultivators for suppression of powdery mildew. |
TP-1000
- Exclusive
- Approved for sale
|
Bio-fertility |
Plant based treatment |
Not applicable |
Triangle Plant Sciences, a division of Verdesian Life Sciences |
Unique formulation facilitates rapid plant nutrient uptake: +4.6%
yield;+10.2% THC;+22.0% terpenes. |
* Estimated – subject to regulatory review and
label approval.
CannaProtector®
MustGrow is well-positioned to eventually market
CannaProtector®, with a compliant cannabis label, through tailoring
of its natural mustard-derived granular bio-pesticide that has
already been approved for use in fruits & vegetables as a soil
treatment. CannaProtector® has demonstrated control of many
soil-borne diseases and pests that affect cannabis production,
including the following: Botrytis (gray mold, bud rot), Pythium
root rot, Rhizoctonia fungus, Fusarium, Verticillium wilt,
Phytophthora root rot and Sclerotinia.
CannaProtector® is derived from mustard seed,
utilizing the plant’s natural defense mechanism as a pre-plant soil
bio-pesticide. Organic compounds found in mustard seed, combined
with water, form allyl isothiocyanate (AITC), which is the active
ingredient. MustGrow has concentrated the active ingredient in both
granular and liquid form to maximize safety and efficacy.
MustGrow’s granular product, the formula underlying
CannaProtector®, is EPA-approved across all key U.S. states as a
bio-fertilizer and bio-pesticide (currently limited to a fertilizer
in California) and is designated by Health Canada’s PMRA (Pest
Management Regulatory Agency) as a fruit, vegetable, turf and
ornamental bio-pesticide and bio-fertilizer.
CannaVate®
MustGrow has signed a Supply and Private Label
Agreement for the exclusive Canadian distribution of a Streptomyces
lydicus biological product in Canada. Streptomyces lydicus (a
biological fungicide/bactericide) is the active ingredient in a
previously available product which was once used by Canadian
cannabis licensed cultivators for treatment of powdery mildew.
Although not currently approved for use on cannabis, the product
will be re-registered for such under the MustGrow private label
trademark CannaVate®. Active microbes within Streptomyces lydicus
have multiple modes of action and application in various forms of
production systems, aiding in crop protection from primarily
powdery mildew.
Powdery mildew is a widespread
fungal disease affecting both vegetative and woody plants.
Following the initial infection, spores are continuously produced
and spread, which further infects other plant leaves in warm and
humid conditions. Powdery mildew appears as white or grey dusty
patches on leaf surfaces, making plants appear unsightly. Cannabis
plants infected with powdery mildew do NOT meet the stringent
Health Canada requirements for cannabis sale and consumption.
A number of “chemical” fungicides are available
for powdery mildew control outside of cannabis, including those
containing sulphur, myclobutanil, chlorothalonil, tryfloxystrobin
or thiophanate-methyl, but Health Canada deems these “chemical”
products unsafe for cannabis cultivation, and they are strictly
prohibited.
TP-1000
The first third-party product that MustGrow has
brought in under this strategy is Triangle Plant Science’s TP-1000.
MustGrow has exclusive distribution of the bio-fertility product
TP-1000 in Canada and key registered cannabis markets globally.
TP-1000 provides improved nutrient utilization in support of
earlier growth and optimal flowering for plants, including
cannabis. Third-party indoor trials have demonstrated excellent
performance in hydroponic cannabis applications, with significant
increases in yield (+4.6%), terpenes (+22.0%) and THC (+10.2%)
levels.
About MustGrow
MustGrow is a publicly traded (MGRO: CSE)
agricultural biotech company focused on providing natural
science-based biological solutions for cannabis and fruit &
vegetable cultivation. In cannabis, the Company is currently
developing reliable, safe and biological solutions that adhere to
Health Canada’s strict regulations. The Company currently has
three products suited for the cannabis market: a bio-pesticide
called CannaProtector® to treat soil borne pests and diseases; a
bio-fungicide called CannaVate® that can be used a foliar
application for powdery mildew; and a bio-fertility product called
TP-1000 to increase yield, THC and terpene levels. CannaVate® and
TP-1000 are in-licenced products that MustGrow has
exclusivity. CannaProtector® is based on MustGrow’s patented
natural biologic technology made from mustard seed that acts as a
pesticide, fungicide, nematicide and fertilizer.
MustGrow has designed a United States
EPA-approved organic solution that uses the mustard seed’s natural
defence mechanism to protect plants from pests and diseases.
Approximately $10 million has previously been spent and 110
independent tests completed, validating MustGrow’s safe and
effective granular product. This product, the formula underlying
CannaProtector®, is EPA-approved across all key U.S. states as a
fertilizer and pesticide (currently limited to fertilizer in
California) and is designated by Health Canada’s PMRA (Pest
Management Regulatory Agency) as a fruit & vegetable
bio-pesticide and fertilizer.
MustGrow is positioning CannaProtector® an
effective pre-plant soil treatment, reducing the chance for any
added soil introduced to a greenhouse to bring in pests or
diseases. The Company expects its bio-pesticide will help licensed
cannabis producers control the same conditions addressed in fruit
and vegetable crops.
The Company has 25.0 million basic common shares
issued and outstanding and 36.9 million on a fully diluted basis.
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 website
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.
Important
Always read and follow label use directions. ©
2019 MustGrow Biologics Corp. All rights reserved.
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