Monday, July 25, 2022

MustGrow Biologics Corp. (MGROF)
Canada Distribution

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A New Distributor. On Wednesday, MustGrow’s management announced the Company has reached an exclusive marketing and distribution agreement in the Canadian canola and pulse market for TerraMG with NexusBioAg. The agreement allows the companies to move forward to the next stage of the development process. Financial details of the agreement were not disclosed.

Potential Market?  In the Canadian market, it has been estimated farmers suffer a CAD$500 million economic loss on the Canola crop due to clubroot and a CAD$100 million economic loss in Pulse crops (peas, lentils, legumes, etc.) due to  aphanomyces. …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.