Sep. 4, 2019
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
- Exclusive Canadian rights of bio-fungicide product for cannabis and hemp cultivation.
- Primary focus on powdery mildew suppression with a Streptomyces based product, previously used in the cannabis and hemp industries.
- MustGrow to have exclusive Canadian access to the science-based and environmentally sustainable biological product.
MustGrow Biologics Corp. (MGRO-CSE) (“MustGrow” or the “Company”), an agricultural biotech company developing and commercializing a portfolio of natural biopesticides and biofertilizers for the cannabis industry, announces a Supply and Private Label Agreement (the “Agreement”) for the exclusive Canadian distribution of a streptomyces based biological product in Canada.
Under the definitive binding Agreement, MustGrow will brand, market and distribute the product in Canada with the possibility to expand to markets beyond Canada. Streptomyces is the active ingredient in a previously available product which was once used by Canadian cannabis licensed cultivators for suppression of powdery mildew. Although not currently approved for use on cannabis, the product will be re-registered under a MustGrow private label trademark.
“We look forward to enabling cannabis growers to help minimize disease challenges in their production systems,” said MustGrow COO Colin Bletsky. “This streptomyces based product was once used by many cannabis producers to help with powdery mildew, and we are excited to bring back the active ingredient in a different product form for the cannabis industry.”
Streptomyces products are biological fungicides that suppresses a broad range of both soil and foliar ornamental diseases. Active microbes within Streptomyces have multiple modes of action and application in various forms production systems, aiding in crop protection from the following harmful pests such as: Alternaria, Botrytis, Downy Mildew, Phytomatotricum, Phytophthora, Powdery Mildew, Sclerotinia, Fusarium, Pythium, Rhizoctonia, and Verticillium.
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 infect other plant leaves in warm & 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 are strictly prohibited.
MustGrow’s Signature Products
MustGrow’s signature, patented products are derived from mustard seed, utilizing the plant’s natural defense mechanism as a pre-plant soil biopesticide. Organic compounds found within mustard (Brassica) plants, combined with water, form allyl isothiocyanate (AITC), which is the active ingredient in MustGrow’s signature products. The Company feels that the natural AITC chemical has untapped potential to benefit agricultural production – both as a biopesticide/fungicide and biofertilizer – and has yet to be fully explored and commercialized. MustGrow has concentrated the active ingredient in both granular and liquid form to maximize safety and efficacy.
In addition to its signature biopesticides, MustGrow is compiling a science-based suite of biological products, assessing potential product labels from third parties. These products will be natural and/or organic biopesticides and biofertilizers, and MustGrow is working toward in-licensing private labels and/or distributing current third-party product brands to Canadian cannabis licensed producers (LPs) exclusively through MustGrow.
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 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, terpene and THC levels. MustGrow looks forward to testing this product with Canadian licensed cannabis producers and being the sole distributor to them.