Bioceres Crop Solutions Announces Agreement with Havanna to Offer Consumers HB4 Wheat-Based Sustainable Products
May 10 2021 - 8:31AM
Business Wire
Havanna to Develop and Rollout Food Products
Manufactured With HB4 Wheat in a Joint Effort to Reduce Carbon
Footprint and Fight Climate Change
Farm-to-Fork Process Will be Fully Traceable
and Secured on Blockchain Technology
Bioceres Crop Solutions
Corp. (“Bioceres” or the “Company”) (NASDAQ:
BIOX), a fully-integrated global provider of crop productivity
solutions designed to enable the transition of agriculture towards
carbon neutrality, has entered into a definitive agreement with
Havanna SA (“Havanna”), a food production and retail company with a
chain of over 300 stores across the America’s and Europe, to offer
its customers HB4 wheat-based sustainable products.
The new agreement will give Havanna customers in Brazil and
Argentina the option to choose food products with a significantly
reduced carbon footprint and other environmental positive
externalities that help fight climate change and preserve native
ecosystems. Importantly, the farm-to-fork identity preserved
process structured under the ongoing Generation HB4 program will
enable partnered products to include field-specific information,
climate facts and other key data of potential interest to
consumers, all secured on blockchain technology.
On October 8, 2020, Bioceres received regulatory approval from
Argentina’s Ministry of Agriculture for the Company’s HB4 Wheat
‘event’ for growth and consumption. Argentina is Latin America´s
largest wheat producer and the world’s first country to adopt HB4
drought tolerance technology for this staple crop. Bioceres is
committed to pursuing the development and commercialization of
sustainable products and this agreement with Havanna represents the
Company’s first consumer application.
Founded in 1947, Havanna distributes its products around the
world including a variety of cookies, chocolates and cereal bars.
In 1995 the company expanded its business scope, opening owned and
franchised stores for its sophisticated customers to enjoy its
baked goods through a comfortable and trendy coffeehouse
experience. Today Havanna has become a leading player in the
high-end coffee shops segment in South America, operating over 300
stores in premium upscale locations across Argentina, Brazil, Chile
and Peru, as well as Spain and the United States.
ESG Initiatives
Today, agriculture is estimated to contribute close to one
quarter of global GHG emissions. Wheat varieties with HB4
technology increase yields by 20% and CO2 sequestration by up to
7%, on average, during growing seasons impacted by droughts.
Substantially higher crop yields through HB4 also reduce the need
to expand agriculture’s global footprint, while aiding in the
reversion of fragile agricultural land back to native ecosystems.
Bioceres’ identity-preserved Generation HB4 program utilizes
service contracts with growers who are committed to preserving the
identity of the HB4 crop under a full production offtake agreement.
The agreement includes regenerative agriculture practices which are
enhanced by Bioceres’ technologies, significantly contributing to
the transition of agriculture towards carbon neutrality.
About Havanna SA Havanna (BCBA: HAVA) is an Argentine
manufacturer of food products, mostly known for its alfajores. The
company also operates its own system of franchise coffee stores and
exports its products to Bolivia, Brazil, Chile, Costa Rica, France,
Israel, Mexico, Paraguay, Peru, Spain, the United Kingdom, the
United States, Uruguay and Venezuela. Havanna’s history began in
1947 at a small bakery in Mar del Plata, Buenos Aires, Argentina.
Customers were highly impressed by the taste of the company’s
chocolate and dulce de leche products. The company has now more
than 300 coffee stores in addition to many distribution outlets
around the world. Havanna products are also sold at premium retail
chains, supermarkets and deli shops. For more information click
here.
About Bioceres Crop Solutions Corp. Bioceres Crop
Solutions Corp. (NASDAQ: BIOX) is a fully integrated global
provider of crop productivity technologies designed to enable the
transition of agriculture towards carbon neutrality. To do this,
Bioceres’ solutions create economic incentives for farmers and
other stakeholders to adopt environmentally friendlier production
practices. The Company has a unique biotech platform with
high-impact, patented technologies for seeds and microbial
ag-inputs, as well as next generation crop nutrition and protection
solutions. Through its HB4® program, the Company is bringing
digital solutions to support growers’ decisions and provide
end-to-end traceability for production outputs. For more
information, click here.
Forward-looking statements This communication includes
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as “forecast,” “intend,”
“seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,”
“plan,” “outlook,” and “project” and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. Such forward-looking statements
are based on management’s reasonable current assumptions,
expectations, plans and forecasts regarding the Company’s current
or future results and future business and economic conditions more
generally. Such forward-looking statements involve risks,
uncertainties and other factors, which may cause the actual
results, levels of activity, performance or achievement of the
Company to be materially different from any future results
expressed or implied by such forward-looking statements, and there
can be no assurance that actual results will not differ materially
from management’s expectations or could affect the Company’s
ability to achieve its strategic goals, including the uncertainties
relating to the impact of COVID-19 on the Company’s business,
operations, liquidity and financial results and the other factors
that are described in the sections entitled “Risk Factors” in the
Company's Securities and Exchange Commission filings updated from
time to time. The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements as predictions of future events. All forward-looking
statements contained in this release are qualified in their
entirety by this cautionary statement. Forward-looking statements
speak only as of the date they are or were made, and the Company
does not intend to update or otherwise revise the forward-looking
statements to reflect events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210510005488/en/
Investor Relations Contact: Chris Tyson Executive Vice
President MZ Group – MZ North America (949) 491-8235
BIOX@mzgroup.us www.mzgroup.us Bioceres Crop Solutions
Máximo Goya, Head of Investor Relations +54-341-4861100
maximo.goya@biocerescrops.com
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