MustGrow Issues Common Share Purchase Warrants
February 03 2020 - 7:00PM
MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF)
(the "
Company", "
MustGrow"), an
agricultural biotech company developing and commercializing a
portfolio of natural, science-based biological crop protection
products, has issued 550,000 common share purchase warrants (each a
"
Warrant") to certain consultants of the Company.
Each Warrant entitles the holder to acquire one common share
of the Company at a price of $0.40 for a period of 24 months from
the date of issuance. The Warrants were issued pursuant to
the terms of consulting agreements entered into by the Company and
each of the consultants and each Warrant was issued at a deemed
value of $0.05 per Warrant. All Warrants and underlying
shares are subject to a four month hold period from the date of
issuance. The issuance of the Warrants is subject to the
final approval of the CSE.
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 bio-fertilizer and
bio-pesticide (currently limited to a bio-fertilizer in California)
and is designated by Health Canada’s PMRA (Pest Management
Regulatory Agency) as a fruit & vegetable bio-pesticide and
bio-fertilizer. MustGrow has now concentrated a liquid format to be
applied through standard drip or spray equipment, improving
function 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 36.2 million basic
common shares issued and outstanding. 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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