MustGrow advances its mustard plant-based technology pipeline

Date:03-03-2022

MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF) (FRA: 0C0) (the “Company“, “MustGrow“), provides an update of its organic mustard plant-derived crop protection technology pipeline.  MustGrow has harnessed the mustard seed’s natural defense mechanism for treatment of diseases, pests, and weeds.

MustGrow’s Crop Protection and Food Preservation Programs:

PRODUCT	TARGET	PARTNER	MARKET	STAGE
Preplant Soil Biopesticide	Soil-borne diseases & pests
All Crops – Fruits & Veg, Potatoes, Broad Acre, Turf & Ornamentals, etc.	Fusarium, Botrytis, Verticillium, Rhizoctonia, Pythium, Phytophthora, Sclerotinia, Nematodes, etc.	Sumitomo Corporation (Americas – excluding turf & ornamentals) Bayer (RoW – excluding turf & ornamentals)	US$1.3B est global market in Fruit & Veg	U.S. EPA registration in process for multiple crops
Bananas	Fusarium wilt TR4	Sumitomo Corporation (Americas)	US$18B est global loss	Advanced / Field
Canola	Clubroot (Plasmodiophora brassicae)	NexusBioAg (Univar)	C$500M est economic loss in Canada	Advanced / Field
Pulse Crops	Aphanomyces	NexusBioAg (Univar)	C$100M est economic loss in Canada	Advanced / Field
Bioherbicide	Weeds	Sumitomo Corporation (Americas) Bayer (RoW)	US$35B est global market	Development / Field
Storage: Potato, Fruit & Vegetable*	Sprouting, diseases & pests	Sumitomo Corporation (Americas – potatoes and bananas only) Bayer (RoW – potatoes only)	US$250M est global market	Development / Storage Facilities
Storage: Bulk Grain*	Mycotoxin & insects	TBD	US$15B est global loss	Proof-of-Concept
Storage: Shipping Containers*	Diseases & pests	TBD	US$2B est global market	Proof-of-Concept
Food-Borne Pathogens*	E.coli, Salmonella, Listeria, Staphylococcus	TBD	US$15B est global market	Proof-of-Concept

Table Source: Globenewire, 3rd Party Ag Market Research, MustGrow estimates.

*Literature shows AITC has application in these areas.

Recent Program Advancements:
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Successful Postharvest Applications in Stored Potatoes
Feb. 9, 2022

MustGrow reported successful postharvest results in both Fusarium dry rot disease control and sprout suppression, outperforming leading synthetic chemical standards.  No combination treatment products currently exist that address both disease and sprouting.

Exhibit 1: Quartered potatoes photographed after 5 weeks.  Dark patches represent Fusarium dry rot.

Exhibit 2: Potato sprouts photographed after 5 weeks

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Bayer Exclusive Agreement in Europe, Asia Pacific, Middle East and Africa
Jan. 21, 2022

Exclusive agreement with Bayer to evaluate MustGrow’s technologies to determine commercial potential for preplant soil fumigation, bioherbicide applications and postharvest food preservation of potatoes including sprout inhibition.  Bayer is funding and driving all laboratory, field development, regulatory work and market development.

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Sumitomo Corporation Program Expansion and Successful US Field Trials
Dec. 14, 2021

Successful US field trials were reported in cotton, soybeans and cucurbits, with MustGrow’s technology showing efficacy comparable to synthetic chemical standards.  Sumitomo Corporation has expanded the  program development into Mexico, Peru and Chile, with a joint regulatory strategy being implemented across the Americas.

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Successful Banana Field Trials in Colombia with Transition to Sumitomo Corporation
Nov 10, 2021

Field data confirmed reduced incidence and severity of Fusarium wilt TR4 symptoms in banana plants with no damage or phytotoxic effects on banana plants.  The Colombia banana program has transitioned, with Sumitomo Corporation now driving development and regulatory work necessary for commercialization.