MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF)
(the "
Company", "
MustGrow"), an
agricultural biotech company developing and commercializing a
portfolio of natural, science-based bio-pesticides, is pleased to
announce its intent to address a new Fusarium pathogen known as
Fusarium wilt Tropical Race 4 (“
Fusarium wilt
TR4”), a soil-borne disease pathogen plaguing the global
banana supply. MustGrow’s previous independent efficacy studies
involving the treatment of Fusarium oxysporum
(“
Fusarium”), a soil-borne pathogen potentially
similar to Fusarium wilt TR4, have demonstrated 100% control of the
fungus.
The spread of Fusarium wilt TR4 to banana
plantations in South America has compelled Colombia to reportedly
declare a national state of emergency, enacting special measures to
stop the disease from spreading, including the preventive
eradication of 168 hectares of infected crop. A flurry of media
reports has followed, revealing a research race to save bananas
from extinction.
MustGrow’s EPA-Approved
Product
MustGrow’s signature mustard-derived
bio-pesticide product in ‘granule format’ is EPA-approved for use
in fruits, vegetables, nuts, turf and ornamentals. MustGrow has now
concentrated the granule format into a liquid format
(“Liquid Formulation”) – a key milestone for
growers seeking a ‘natural biological’ alternative to
‘chemistry-based’ products, some of which are dangerous to human
health. The advanced Liquid Formulation may be applied through
standard drip or spray equipment, improving effectiveness,
economics, functionality and performance features.
While testing of MustGrow’s patented
mustard-derived bio-pesticide has confirmed 100% control of
soil-borne diseases & pathogens including Fusarium, Botrytis,
Rhizoctonia, Pythium, Verticillium, Phytophthora, Sclerotinia, and
Nematodes, further testing will determine if the same product will
control emerging banana threat Fusarium wilt TR4.
MustGrow’s signature mustard-derived products
have consistently demonstrated efficacious benefits similar to
chemistry-based "chemical" products without the harmful safety
profile often associated with these chemical products – in some
cases 100% control of Root Knot Nematodes compared to
chemistry-based products such as Methyl Bromide.
Fusarium wilt TR4(1)
According to the Food and Agriculture
Organization of the United Nations (“FAO”)
Fusarium wilt disease has been a major constraint to banana
production for more than a century. Its new race, Fusarium wilt
TR4, has been causing serious banana losses in Southeast Asia,
resulting in abandonment of thousands of hectares. Fusarium wilt
TR4 is among the most destructive diseases of bananas, affecting
particularly Cavendish bananas, supplying around half of global
banana production. Effective eradication is currently not possible,
with Fusarium wilt TR4 remaining viable for decades in the soil.
Once established in a field, it can cause 100 percent yield
loss.
(1) Source: http://www.fao.org
About MustGrow
MustGrow is a publicly traded (CSE:
MGRO) (OTC: MGROF) agricultural biotech company focused on
providing natural science-based biological solutions for high value
crops, including fruit & vegetable and cannabis
cultivation. MustGrow has designed and owns a United States
EPA-approved organic solution that uses the mustard seed’s natural
defence mechanism to protect plants from pests and diseases. 110
independent tests have been completed, validating MustGrow’s safe
and effective signature products. This product, in granule format,
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 has now concentrated a liquid format to be applied through
standard drip or spray equipment, improving functionality and
performance features.
In cannabis, MustGrow is currently developing
effective, safe and biological solutions that adhere to Health
Canada’s strict regulations, including (1) its mustard-derived
bio-pesticide to treat soil-borne pests and diseases; and (2) an
in-licensed bio-fungicide for powdery mildew.
The Company has approximately 25.0 million basic
common shares issued and outstanding and approximately 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 press
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".
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.
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 CSE nor its Regulation Services
Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this
release.
Important
Always read and follow label use directions. ©
2019 MustGrow Biologics Corp. All rights reserved.
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