Bioceres Crop Solutions Receives Approval of HB4® Drought Tolerant Soybean in Canada
June 01 2021 - 8:31AM
Business Wire
Approval adds over 2.0 million hectares to HB4
soybean opportunity
Leverage ongoing breeding efforts for the
US
Novel trait stack to help growers facing
climate and production challenges
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, announced today it has
successfully completed the regulatory review process and received
approval for its HB4 drought and herbicide tolerant soybeans from
the Canadian Health Agency and the Canadian Food Inspection
Agency.
With approximately 2.5 million hectares farmed every year and
yields often below three tonnes per hectare, Canada’s soybean
production regions are well suited for HB4 value generation.
Ongoing breeding efforts for the Dakotas and Minnesota region in
the United States will now expand to southern Canada, reaching a
total of 10 million hectares targeted with the HB4 varieties under
development.
Currently, HB4 soybean is approved for production in the United
States, Brazil, Argentina and Paraguay, collectively representing,
together with Canada, 85% of the world’s hectarage dedicated to the
crop.
The Canadian agriculture industry is a pioneer and global leader
in identity preserved production systems, providing a uniquely
qualified community of growers for the Generation HB4 Program – the
Company’s identity preserved HB4 seed production system under
regenerative agricultural practices.
For more information about Bioceres’ HB4 technology and related
products, please refer to the Company’s HB4 white paper at:
https://investors.biocerescrops.com/events-and-presentations/default.aspx
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/20210601005303/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, Investor Relations
+54-341-4861100 maximo.goya@biocerescrops.com
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