MustGrow Biologics is a private agricultural biotech company focused on developing and commercializing a portfolio of patented natural bio-pesticides and bio-fertilizers, including mustard-derived signature products. The company targets the fruit and vegetable and cannabis industries and has designed a US EPA and Canadian PMRA approved organic solution that uses the mustard seed's natural defense mechanisms to protect plants. On March 15, 2019, MustGrow announced the closing of a non-brokered private placement raising gross proceeds of $1,198,773 through the sale of 1,712,533 common shares at $0.70 per share. Net proceeds will be used to accelerate research and development of its bio-pesticide and bio-fertilizer formulations, directed toward its patented products and prospective in-licensed natural biologics, and for working capital and general corporate purposes. The issued common shares have a hold period expiring four months plus one day after closing. Post-closing the company reported 25.0 million basic common shares outstanding and 36.9 million on a fully diluted basis.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2019