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We are here and love the company and are not telling anyone outside posting on this board.
We want to pick up more of this cheap speed but don’t want to run it.
I was being a little funny, "they" say there are about 5-8 watchers for everyone that posts on public forums.
There are others . Much more than 3. I have seen GROG on other Trader boards by posters who never post here. Mark my words. When this company starts announcing orders, this will be a very busy board. Jmo
Company is not calling the whole public to dinner just yet, they are still in the kitchen cooking. But once everything is ready, it will be a feast. This is a passionate company with an incredible product that has a tiger by the tail, time will tell moving forward!! And the best part, they value their shareholders
Lol, sadly on ihub, there are about 3 pretty active posters. You joining would be welcome. Grogenisis Facebook page has a little back and forth between the public and the company. Also has letters to shareholders.The story, once confirmed with sales, will spread quickly imo. But there is still room in this very exclusive and elite group. Big lol
Are we 3 the only Ihub followers? How many investors are there?
This looks like a real company!
25 dollar buy, up 40+ percent.
Looks nice in my account.
Big lol,
Means nothing except that there are not a lot of shares available below .25.
Sounds like sales are being held up due to product registration in SE Asia. Kind of a shame, with the yield increases we have seen. The farmers could really be helped.
As far as the q goes, I agree nothing to write home about. Seems as though they have really cut spending and overhead. I guess another thing to note is that they are filing and filing on time. They are acting like a company with long term plans. Dilution is minimal, and they have some funds coming in from a private placement. Those investing much also see a future.
I also agree with you, when we see contracts coming in, with such a low burn rate, .40 or .50 will quickly be attained.
Yep. That 10k is nothing to write home about
I have been accumulating since
08 up to .20 based on their field test results. I just believe that revenues/orders are coming soon. And when they start releasing news, more buyers will be coming in. Any real volume and .40 is an easy first stop. But JMO
Saw the video posted at the Facebook page for GroGenesis. You have to be blind not to be impressed.
Notice the yield increase, it is an unbelievable 50+ percent. Although, just a
Small sample of the results. That is a crazy yield increase if reproduced in the rest of the comparisons. The increase in yield percentage may be due to the company /farmers understanding how best to apply/use or could be a outlying data point.
Organic and non-GMO Agricultural Input
To shareholders of GroGenesis and interested investors:
Please find attached a short, unedited video of a field test on rice just competed last week in Myanmar. There is audio that is translated identifying that the larger, healthy rice plant had AgraBurstPRO applied with140 rice ears (kernels)perplant vs. 92 ears per plants for the control group. GroGenesis' distributor is in the process of compiling all the data and will be submitting a comprehensive report on the test results in the next two weeks.
Market Opportunity for GroGenesis and its Myanmar Partner
Myanmar is the world’s seventh largest rice-producing country. Rice is the country’s most important crop and is grown on over 8 million hectares (one hectare equals 2.47 acres) or more than half of its arable land. The agricultural sector accounts for nearly one-half of the country’s gross domestic product (GDP) and provides employment for approximately two-thirds of the labor force.
Country Annual Production (1000 metric tons)
February 2016
1 China 144,560
2 India 104,800
3 Indonesia 35,560
4 Bangladesh 34,500
5 Vietnam 28,234
6 Thailand 18,750
7 Myanmar 12,600
8 Philippines 11,915
9 Brazil 8,465
10 Japan 7,842 Source : https://apps.fas.usda.gov/
Myanmar is ranked seventh in rice production. Rice is the country’s most important crop and is cultivated on over 8 million hectares(1 hectare equals 2.47 acres)--or more than half of its arable land.The agricultural sector accounts for nearly one-half of the country’s gross domestic product (GDP) and provides employment for approximately two-thirds of the labor force.
Myanmar is ripe for yield improvement in rice. A recent study conducted by the World Bank found that agricultural productivity in Myanmar is low relative to its SE Asian neighbors. For example, to harvest rice, one day of work generates only 23 kilogram (kg) of paddy in Myanmar, compared to 62 kg in Cambodia, 429 kg in Vietnam, and 547 kg in Thailand. (1 Kilogram (kg) = 2.2 lbs.)
Update on GroGenesis and Bangladesh
Separately, GroGenesis' distributor (JAK International) in Bangladesh is awaiting the required registration of AgraBurstPRO for sale in that country. Ranked fourth in rice production, the Bangladesh rice industry holds great promise for AgraBurstPRO. As previously announced, university conducted field tests on rice in Bangladesh with yield increases as high as 40% recorded. GroGenesis and JAK International anticipates product registration in the near future.
Investor Relations for GroGenesis
Office: (605) 836-3100
Email: info@grogenesis.com
LIKE Us on Facebook
www.GroGenesis.com
“Growing the Science of Organic and Non-GMO Yield Globally”
Thanks for sharing, cool story. I don't want to seem like I am pumping this company, but I am pretty excited about the potential. I think the product and the numbers that follow, will speak for themselves.
Been following GROG for awhile. Basically because I am into organic farming. There field tests on crops have shown an increase in yields --not marginally better. But significantly higher yields. The highest yield increase was in rice. I am on the Company's e-mail list for updates and they have sent out impressive pictures and field test reports. (info@grogenesis.com to sign up if you are inclined).
Have a friend in California who grows medical marijuana. I told him about the product because it works on all plants--turf, vineyards, flowers, crops (like rice, corn etc.), so it made sense to try it on cannabis. He got a sample and was blown away by the growth rate increase and bud sizes.
Now, I am not into cannabis at all. But as an organic farmer and now an investor, GroGenesis has a huge opportunity to sell to the cannabis market when the word gets out.
JM 2 cents worth.
The last buyer took out all major sellers below .25 it appears. I got a lil yesterday at .162. It doesn't take a lot of money to see this move substantially. Now that I see that the vol was not followed by news, gotta think that as the company is communicating about their product to potential clients and such, some are buying stock.
Gltu
First thing I would do is look at yield increases for aguraburst pro. Then think of the implications to a non organic farmer. Why are they not farming organically? Lower yields. What if you could make money while transitioning to a organic farm? Would they do it?? What if your yield and cost basis was equal, would you farm organically? The potential here is huge. Things are about ready to ramp up. Risk? Yup it's just getting started.
Spoke with Grog management. I was interested if they had penetrated the cannabis market. It sounds to me like they have been approached, several entities have run limited field tests, the results caused interest in the product. This will be a huge market for GROG imo. Glta
Story?New here,could anyone in one paragraph tell me this companies
No sellers of any size at .20. I am in AON to buy in size there and no takers.
Price/volume movment
My guess is we are seeing some sort of order/sales happening. Or it could be an individual that ran some side by side in his turf or crops. Either way this did not happen on no new .Imo won't take much to see a large sp increase.
US sales could ramp up pretty fast once they get a few states with active distribution.
And if they really wanted to get things rolling, they should look at the cannabis growing market. Or have the growers look at GROG. A plant is a plant is a plant. LOL. AgraBurstPRO should work there too. Growers buy from agricultural distributors all the time. And their money is green too.
JMO
GROG on BB's Stock Haven.
FWIW. But it is good to see others starting to watch GROG. BB's board is huge in audience. Now, if the company could come up with some big news, we make start getting this show on the road. Revenue, imo, would start the ball rolling.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139878636
Hopeful indicators.
otcbb.swingtradebot.com/equities/GROG:OTC
The only other thought I have is someone who believes in the product/company, waits until enough shares are available to buy under .20 and grabs them in larger lots rather than buying slowly at .16 or so.
But I would agree with you on the more probable reason. We will find out next week. We are due.
It's reasonable to assume that after such low volumes and then suddenly 87,000 shares are bought, something is going to happen soon. Or this volume could just be due to reaction to the new Facebook link to purchasing. Regardless, product will be selling soon and revenues will certainly bump the stock price. Happy days ahead. I wish I owned 87,000 shares!
Hard to believe we won't see some follow through after today. But every time I have thought it, and predicted news and more vol,I have been dead wrong. So this time, we shall see. Maybe we go quite again??
Be interesting to see how many distributors they use.
Nice action today. Someone buying lots of 40-50k every few weeks.
Somebody is confident.
Gltu
Actually, I think a US launch is not far off. Product registration in each state is not too difficult. Especially with WSDA registration already done. And they probably will not do all 50 sates at once. Better to cherry pick where the business is.
I think a USA larger market launch is still aways off. They will need more larger studies to start to get a foot hold here in US. Overseas though, imo is where we should see some action. One thing forsure is they are not pumping and selling shares lol, unless they are selling shares to buy a coffee or two once week,lol. Imo they are honest, very hard working people with a vision and a plan. Once things are rolling, we will all wish we believed. Sure longer wait than I expected.
Fat finger time, huh? LOL.
There are a few volume sizes of AgraBurst PRO at that site:
https://store.organicearthsystems.com/
And I saw that the GroGenesis Facebook page has it set u p for the Shop feature to redirect to the Organic Earth Systems site for ordering. I hit the button "Checkout on the Website" and it goes there.
https://www.facebook.com/commerce/products/1608132795943914/
Can't wait for a broader, multi-state market launch in the US and Canada, but they must have their reasons.
Looks like you csn get SgraBurst in the US now. Go to www.organicearthsystems.com
They did not get a WSDA Organic certification for nothing. I would think news on shipments will start. But they obviously did not announce orders to that Organic Earth Systems company.
Have a feeling that a lot is going on behind the scenes. FB is pretty active. Expect and hope to see some orders out of Florida for turf. The usa organic food production market imo will take a while to get a foot hold in, as farmers will either
Want to see testing on large scale in the US or run it themselves. Both Will take time. Now the SE Asian/south central American market could do really well. Gotta think these farmers who have already run test are ordering the product. Imo we are one large order away from a larger confirmation of product effectiveness. Data and orders will build on each other. Just not easy being patient.
Would love to see some of those acres that General Mills is converting to organic in (SD), use our product. But most likely that is still a ways off. Imo General Mills will require there own test results before use. We shall see
A little vol today. Someone wanted in. Imo
Be interesting to see if it is followed by news in the next few business days.
We shall see
Saw this on the FB page. Pretty interesting on what we think is organic getting imported.
NOFA Speaker: Organic Grain Fraud ‘Rampant’
Deborah Jeanne Sergeant, New York Correspondent
Mar 16, 2018 Updated Mar 16, 2018
?
LIVERPOOL, N.Y. — Organic fraud cost U.S. farmers $400 million in 2015, according to John Bobbe, executive director of the Organic Farmers’ Agency for Relationship Marketing.
Bobbe presented “Defending Organic Integrity in the Face of Fraud” at the Northeast Organic Farming Association of New York’s Organic Dairy and Field Crop Conference.
In recent years, organic fraud has become rampant among those exporting grain to the U.S. Seventy percent of organic soybeans and 40 percent of organic corn are imported. Much of those crops come from India, Ukraine, Argentina and Turkey.
Bobbe said that fraudulent inspections, faked shipping paperwork and lax U.S. inspections have led to a massive influx of nonorganic grain that’s labeled organic but is actually a mix of organic and nonorganic materials.
Bobbe said the Ecological Farming Controlling Organization, or ETKO, an organic certifier, has been de-certified by the European Union and other countries, but not by the U.S. He believes the USDA “agreed to a draw, though ETKO was decertified by the rest of the world.”
Bobbe expressed disappointment that the USDA would continue to accept ETKO as a legitimate organic certifier.
He cited Ukraine’s organic soybean market, where ETKO does organic certification, as an example.
“Eighty percent of Ukraine’s organic soybeans were grown illegally from genetically modified seeds,” he said.
Bobbe said a $220 million case in Malta involved producers topping a load of organic grain with nonorganic grain.
He said that Ukraine lacks a sufficient number of organic producers to supply true organic grain.
“So what is it? Not organic!” he said.
Bobbe said that Turkey doesn’t grow any organic grain for export, yet shipments from the country bearing “organic grain” continue to come in.
“Why are they a big organic grain exporter?” he asked.
Bobbe said he believes international organized crime syndicates control these exports and make money off it, comparable to the illicit drug trade.
Trade sanctions against Russia prevent that country from selling organic grain, yet they continue to export grain labeled organic, he said.
Bobbe said that inspecting shipments shouldn’t be that difficult. As of March 4, only 14 ships bearing imported organic grain were tracked on www.marinevesseltraffic.com near U.S. ports.
India, a top exporter to the U.S., continues to export what Bobbe said is contaminated grain because of a trade agreement tucked into a 2008 nuclear treaty.
“We have to accept what they send us as organic,” he said, even though the grain was contaminated by birds and animals.
Bobbe said he would like to see a verified audit trail for imports so that inspectors here can accurately assess the source of grain. His organization has filed complaints with the USDA’s National Organic Program, but said the NOP “hides behind equivalency agreements or is simply taking their word for it.”
He said the U.S. needs 200,000 additional acres of organic corn and 400,000 acres of additional acres of organic soybeans to replace these imports.
“Start asking where grain is coming from,” he said. “Ask for verification. This problem is not going away soon.”
He encouraged farmers to speak up if they suspect fraud as he feels the NOP has not been proactive to fraud complaints.
OFARM, an organic grain and livestock marketing cooperative, represents producer members in 19 states. Bobbe also authored “Marketing Organic Grain: A Farmer’s Guide.”
Facebook page IS more active. Looks like they are getting more comments and inquiries too. I would assume they are getting private messages too.
I did notice they put up a Shop page
https://www.facebook.com/pg/GroGenesis/shop/?ref=page_internal
Does not have a price, but looks like they are preparing to enter the US markets. Says they want distributors to contact them.
Might as well post that e-mail from the company here.
To GroGenesis shareholder and interested investors:
Please find attached a field test conducted in Bangladesh. In this particular field test, a yield increase of 44.5% was recorded, with other field tests resulting in yield increases of 30% to 40%.
The significance of these field tests in Bangladesh cannot be overstated for GroGenesis. As noted by Ricepedia:
"Bangladesh is the fourth-largest rice producer. In spite of the decline in the country’s arable land since its independence in 1971, the rice area harvested increased from almost 10 million hectares (ha) in 1995 to nearly 12 million ha in 2010. Rice yield also improved in the last decade, from a low of 2.7 t/ha in 1995 to almost 4.3 t/ha in 2010. These increases in rice yield and area harvested contributed to growth in rice production, which nearly doubled from over 26 million t in 1995 to 50 million t in 2010.
Rice is the staple food of Bangladesh’s 149 million people...
Bangladesh has been increasing rice production over many years and is now relatively self-sufficient in rice production. The country’s rice imports declined from about 1 million t in 1995 to a mere 0.017 million t in 2009 but increased to 0.66 million t in 2010. Exports of rice began in the 2000s. Some rice is still imported, however, mainly to control domestic prices. Major rice policies have been implemented by the government to increase production and to reduce imports. Subsidy support for rice producers is provided on different agricultural inputs to keep their price within the purchasing capacity of the rice farmers. (Highlights are ours.)
Reference Link: http://ricepedia.org/bangladesh
In addition, GroGenesis' distributor in Myanmar is currently conducting field tests on rice.
List of Top 10 Rice Producing Countries in the World
Rank Country Annual Production
(1000 Metric Ton)
1. China 143000
2. India 99000
3. Indonesia 36900
4. Bangladesh 33800
5. Vietnam 27100
6. Thailand 20500
7. Philippines 11000
8. Myanmar 10750
9. Brazil 7820
10. Japan 7500
Note : All Annual Yields are given in one thousand metric ton.
Reference Link: http://thecountriesof.com/top-10-largest-producers-of-rice…/
WSDA Organic Registration
Separately, AgraBurstPRO has been posted on the Organic Materials List of the Washington Department of Agriculture (WSDA). A WSDA registration is internationally recognized in the organic food industry.
Link: https://agr.wa.gov/…/Orga…/docs/Brand_Name_Material_List.pdf
Image result for facebook
https://www.facebook.com/GroGenesis/
Regards,
Investor Relations for GroGenesis
101 South Reid Street
Suite 307
Sioux Falls, SD 57103
Office: (605) 836-3100
Email: info@grogenesis.com
www.GroGenesis.com
“Growing the Science of Organic and Non-GMO Yield Globally”
I have been going over to the GroGenesis Facebook page more often too because of the activity. I just wish they had more on GroGenesis specifically. They sent out an e-mail to shareholders and it was posted on FB. But you cannot see the attached field test results on rice--44% increase in yield, BTW--from the FB post. You can if you are on the e-mail list and you open the attachment. Pretty impressive results with detailed pictures. If you send an e-mail to their e-mail box, they will send you the attachment. INFO@GroGenesis.com
Man, thr GROG page on FaceBook has posts and comments all the time now. And it looks like GROG posts on FB pages on agriculure in alot of other companies.
Someting is brewing, imo. None of my.largw AON buy orders at bid are going off either.
They announced they are using an outsourced blender in August of 2016.
It is funny how some do not do even a little DD. Reading a 10-Q does not always tell the whole story. "Plant and Equipment" should be very low if the business plan is too minimize overhead costs. Just saying.
GroGenesis, Inc. Announces United Agricultural Services, Inc. as Exclusive Blender of AgraBurst PRO™
August 9, 2016
Organic Blender Pioneer to Provide Manufacturing and Logistical Support
SIOUX FALLS, S.D. -- GroGenesis, Inc. (OTCQB:GROG), a global sustainable agriculture company and producer of AgraBurst PRO™, a premium organic, non-GMO nano-surfactant for fertilizer manufacturers and commercial lawn & turf companies, announced today that United Agricultural Services, Inc. (UAS) has been retained to provide blending/manufacturing/packaging services for the company’s flagship product, AgraBurst PRO™. In addition, UAS will supply logistical support services to include warehousing and shipping throughout North America, Central America, South America, Southeast Asia, Europe, Middle East, Oceania and the Caribbean.
Since 1993, United Agricultural Services has been providing sustainable agricultural solutions to farmers, both traditional crop producers and citrus farmers, in addition to turf and landscape companies. Operating out of Panasoffkee, Florida, UAS’s more than 40,000 square foot blending and storage facility on 42 acres will expand to more than double in size over the next eighteen months. United Agricultural Services researches, manufactures and markets one of the largest lines of high quality Biological, Organic/Natural fertilizers, Foliar Nutrients and natural biodegradable soil conditioners.
Lajos Pecsenka, Vice President of Operations at UAS, said, “We have been in the business of developing and producing innovative and effective organic inputs for over 23 years. As the organic, earth friendly agriculture industry developed, UAS has been instrumental in introducing new products from our own in–the-field research and collaborating with young, promising companies such as GroGenesis. Their proprietary nano-surfactant formulation, AgraBurst PRO™, is state of the art organic science at its best.”
Mr. Richard Kamolvathin, President and CEO of GroGenesis said, “We are very pleased to be working with UAS in introducing AgraBurst PRO both domestically and internationally. UAS’s deep experience in the sustainable agriculture industry will be instrumental in GroGenesis expanding its business relationships with significant players in this rapidly growing industry.”
Mr. Kamolvathin emphasized, “When the current management team joined GroGenesis, we made an internal pact to build shareholder value through prudent business decisions with a foundation built on excellent ethical standards. Building an international company with a tight control of overhead costs is an integral part of our business plan that requires strategic outsourcing of requisite business functions such as manufacturing, warehousing and order fulfillment. Collaborating with UAS as our partner is a key element in maximizing our income by minimizing infrastructure investment.”
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an e-mail to jamespainter@emergingmarketsllc.com
About United Agricultural Services of America, Inc. (UAS)
Headquartered in Central Florida since 1993, United Agricultural Services United Agricultural Services researches, manufactures and markets one of the largest lines of high quality Biological, Organic/Natural fertilizers, Foliar Nutrients and natural biodegradable soil conditioners. UAS’s products include plant nutrients, liquid soil modifiers, humic acids, seaweed, fish emulsion, nitrogen remediating bacteria, enzymes, beneficial fungi, non-toxic insect controls and many other environmentally-safe products. The company also provides outsourcing services, including custom blending, warehousing and logistics for many sustainable agriculture firms operating domestically and globally. UAS’s 40,000 plus square foot facility located in Panasoffkee, Florida is strategically located one hour from the Orlando International Airport to facilitate rapid fulfillment of international orders.
United Agricultural Services of America Inc. is dedicated to the development of individual farmers and agricultural organizations interested in implementing effective sustainable methods to improve crop cultivation. The company’s goal is to minimize the use of chemical fertilizers and maximizing yield and quality of produce. UAS’s mission is to demonstrate to food producers that sustainable soil health is an attainable goal. Corporate Website: www.uas-cropmaster.com
I think you may be mistaken about AgraBurstPRO. That product was not introduced until after the last management team left. AgraBurst--without the "PRO"-- apparently could not have been registered by WSDA or anywhere as an organic material because the old AgraBurst had non-organic ingredients. (this is according to IR when I called over a year ago).
So, it seems that AgraBurstPRO came into being in 2016 and the company started doing field tests overseas.
Considering that the product did not get out there until just two years ago and they JUST got the WSDA registration confirming it is ORGANIC, I am not overly concerned about the lack of revenues (except for orders to Colombia and Barbados last year).
Now, if they do not start announcing revenues and/or orders by, say, June, I will be getting worried. The turf tests in the US looked good too. Wonder how long it would take to get orders out of that market.
Were you able to snag any today. What a steal for someone today. Imo
Ok just to be clear I like the idea behind this story and hopeful their business model will work out, but I still have significant concerns as everything seems to be riding on their ability to sell and distribute the products. If the product is as good as they claim it should be an easy sell and should be generating revenues since the products have been around for several years. Essentially, they are outsourcing everything which is good for keeping their overhead down but all they really have is a recipe for a couple products they designed/engineered (Agraburst and Agrablast) both of which are patent pending and some distribution agreements.
Grogenisis is out sourcing and no need of a ware house or own equipment. There partner is UAS. Press release from Aug 9th 2016. If you read the CEO interview you will see, they need little money in the bank to complete an order.
I like the approach they are taking. I hope they stay lean and focused. Presently they need only a few decent orders to be profitable.
"CEOCFO: You mentioned that you reduced your burn rate. How do you minimize your operational costs given your global focus?
Mr. Kamolvathin: Our business model is designed to run lean, and we intend to keep it that way as we move forward. We contract with an experienced organic blender to produce AgraBurstPRO under our specifications and provide warehousing and logistical support. We do not have a retail sales force nor an institutional sales force. Our business is based on developing wholesalers, master distributors and distributors and then incentivizing them with a reasonable profit margin. We provide technical support and marketing support to these distributors, but we are structured to minimize the necessary overhead and shorten the path to profitability. We talk a lot about our mission of helping farmers, but it is always with an eye to enhancing shareholder value at the same time. We can only change the face of agriculture by becoming profitable and maintaining a position of long term viability."
Check out the news they put out about a blender they outsource manufacturing to
They don't need bricks and mortar. Little overhead is a good thing, IMO.
As far as timing goes, they just received organic certification. I am confident with stated % yield increases, recent organic certificatation, orders and profitability will come. Waiting to buy until then is a reasonible strategy.
Grogenisis is out sourcing and no need of a ware house or own equipment. There partner is UAS. Press release from Aug 9th 2016. If you read the CEO interview you will see, they need little money in the bank to complete an order.
I like the approach they are taking. I hope they stay lean and focused. Presently they need only a few decent orders to be profitable.
"CEOCFO: You mentioned that you reduced your burn rate. How do you minimize your operational costs given your global focus?
Mr. Kamolvathin: Our business model is designed to run lean, and we intend to keep it that way as we move forward. We contract with an experienced organic blender to produce AgraBurstPRO under our specifications and provide warehousing and logistical support. We do not have a retail sales force nor an institutional sales force. Our business is based on developing wholesalers, master distributors and distributors and then incentivizing them with a reasonable profit margin. We provide technical support and marketing support to these distributors, but we are structured to minimize the necessary overhead and shorten the path to profitability. We talk a lot about our mission of helping farmers, but it is always with an eye to enhancing shareholder value at the same time. We can only change the face of agriculture by becoming profitable and maintaining a position of long term viability."
Guy_the_Guy, thank you for your reply was very helpful and clarified my concerns. This was in my opinion a poor investment.
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GroGenesis Inc. is an agricultural services enterprise offering food producers and turf groundskeepers a revolutionary, proprietary, all-natural, non-GMO nano-surfactant (AgraBurst PRO) which optimizes the plant's uptake of applied nutrients resulting in the enhancement of the health of the soil and crops. The non-chemical properties of AgraBurst reduces the potential harm to farm and landscape workers.
Field testing has generated data that valildates the product's efficacy and ability to INCREASE crop yields.
http://www.grogenesis.com/news/presentations
AgraBurstPRO Overview:
http://www.grogenesis.com/technology/agraburst
Industrial Hemp Production in US and Canada Offers Significant Market Opportunity for AgraBurstPRO™
SIOUX FALLS, SD, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GroGenesis, Inc. (GROG), a global pioneer in sustainable agriculture technology, announced today that the company has entered the industrial hemp cultivation market in the US and Canada with its broad spectrum, organic adjuvant, AgraBurstPRO™. Based on positive feedback from hemp growers, the company has identified industrial hemp as a significant new market for AgraBurstPRO™, an organic input which optimizes the uptake of any agricultural input applied to any plant. After conducting due diligence on the hemp industry and the prospects for the legalization of industrial hemp production in the U.S., the Company field tested AgraBurstPRO™ with hemp producers who were impressed by the positive results exhibited in the health of their plants, growth rate improvement and plant size enhancement.
Mr. Richard Kamolvathin, President and CEO of GroGenesis, said, “After completing numerous field trials with our partners to validate the effectiveness of AgraBurstPRO and its more efficient delivery of all applied inputs on any plant, including hemp, it became apparent that the industrial hemp industry in Canada, where hemp farming is already legal, and the probability that hemp cultivation will become legal in the U.S. soon, presents a lucrative market for GroGenesis. Recent control test reports from cultivators have strongly encouraged us to proactively target the hemp market -- a lucrative market to tap with the multitude of industrial uses, rapid growth rate to harvest and the yet-to-be-realized potential of CBD oil.”
Kamolvathin continued, “As an organic science company focused on the reduction of toxic chemical inputs into the environment, we believe it is important to identify and add new market opportunities in other viable market sectors that align with our core values and as we continue to commercialize our flagship product, AgraBurstPRO for agriculture. Our strategy is to apply the same business model that we have used in the past by developing business relationships with distribution partners that are in a specific market sector and provide the technical, manufacturing and marketing assistance, in addition to specific protocols, for our distributors to be successful under their own private level brand.”
Hemp, one of the fastest growing plants with a sixty-day growth cycle in many states, is cultivated for fiber, oil, and seeds which are subsequently refined into numerous products including wax, biodegradable plastics, resin, textiles, pulp, paper, rope, clothing, biofuel, animal feed, paint and hemp oil. In addition, the use of CBD oil is being researched on its beneficial effects for anxiety relief, anti-seizure, pain relief, anti-acne, food ingredients and promising potential for cancer therapy.
According to the Hemp Business Journal, the U.S. hemp industry’s sales in 2017 was $820mm, including $190mm for Hemp-Derived CBD products, $181mm for personal care products and $137mm for hemp food products. However, as legal and regulatory hurdles are removed and consumer knowledge on CBD oil develops, it is estimated that the U.S. hemp industry will grow at a 5-year Compound Annual Growth Rate (CAGR) of over 14% (2018-2022) to a $1.9 Billion dollar market by 2022. In Canada, over 100,000 acres of hemp was under cultivation in 2017 with significant increases in production forecasted over the next five years.
Mr. Kamolvathin concluded, “AgraBurstPRO, as an organic input, can be an integral part in the protocols for the production of food crops, flowers and turf, in addition to cash crops such as palm oil, tobacco and hemp. With the prospect of the legalization of hemp production in the U.S, there is a significant market opportunity for the agriculture industry in both Canada and the US. Both new and veteran hemp cultivators will be establishing their farming protocols that can include AgraBurstPRO, an input that enhances drought tolerance, disease resistance and crop yields. We look forward to positively impacting the industrial hemp industry in North America and internationally."
About AgraBurstPRO™
AgraBurstPRO™ is an organic, broad spectrum adjuvant which acts as an efficient delivery system for all applied agricultural inputs. Applied as a surfactant, AgraBurstPRO™ facilitates the rapid and direct absorption of inputs through the leaves and stems of a plant which results in the more efficient access of applied and available nutrients, resulting in less fertilizer required, improving drought tolerance and increasing crop yields. By optimizing the plant's uptake of applied pest and weed controls and fertilizers, food producers can minimize other input costs, reduce the health risk to workers and produce healthy food for farmers' families and consumers. AgraBurstPRO™ improves the natural health of all plants -- including food crops, trees, vegetables, grasses and cash crops such as tobacco, palm, flowers and hemp-- by dramatically stimulating the nutrient and water uptake in plants. The solution applied as a spray is a plant-based extract which is organic, non-toxic, carcinogen-free, biodegradable and safe for use in all soil conditions. Its application amplifies every plant's natural capacity to absorb nutrients through its own foliage while augmenting root development and soil uptake. Any agricultural input's performance is enhanced by integrating the application of AgraBurstPRO™ either separately or in an input manufacturer's original formulation--including fertilizers, herbicides and fungicides.
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About GroGenesis, Inc.
GroGenesis, Inc. is a sustainable agriculture technology services enterprise offering food producers a non-toxic proprietary, all-natural, non-GMO surfactant which enhances soil and crop health and reduces the health risk to farm workers due to its non-toxic properties. GroGenesis' flagship product, AgraBurstPRO™, is a non-toxic, concentrated agricultural input solution which enhances the ability of the plant to more efficiently use the added nutrients incorporated in fertilizers, resulting in less fertilizer required. The application of AgraBurstPRO™ can begin the process of improving the health of the soil while minimizing the use of conventional chemical agricultural inputs. For more information, please visit the Company's website at www.GroGenesis.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, the development of our products, our limited financial resources, our ability to raise the working capital needed to fund the expansion of our current and future distribution commitments, our ability to retain key employees, our competitors' ability to develop better or less expensive alternatives to our products and the risks and uncertainties discussed under the heading "Risk Factors" in Item 1 of our Annual Report on Form 10-K for the fiscal year ended May 31, 2017, and in our other filings with the Securities and Exchange Commission.
Contact: GroGenesis, Inc. (605) 836-3100 info@grogenesis.com
_____________________________________________________________________________________________________________________________ Three distinct target markets for AgraBurstPRO Organic-certified
The most obvious market for AgraBurstPRO is the rapidly growing organic food industry. From 2005 to 2014, the organic sector grew from less than $14 Billion to $35 Billion. The U.S. organic industry continued its steady growth in 2016, with food sales increasing 8.4 percent to $43 billion. Considering that total food sales increased only 0.6 percent, the preponderance of the growth is in the organic sector. According to the Organic Trade Association in its 2016 Organic Industry Survey, organic food now accounts for 5.3 percent of all food sales in the US--alot of room to grow as consumer demand for organic food accelerates. Global sales of organic food totaled approximately $90 Billion in 2016 vs. $80 Billion in 2015.
Farmers who are already Organic-certified have an economic interest in maintaining that certification and, if possible, increasing their crop yields. By incorporating AgraBurstPRO in their organic protocols, farmers can realize higher incomes from the improved yields (Yield increases in field tests in Colombia, Cuba and Bangladesh have recorded increases in production from 15% to 40%). Field tests are currently being conducted in two states in the US for soybean and corn.
Conventional Farmers Considering Transitioning to Organic
This significant market includes farmers already committed to converting from conventional (chemical) farming to organic farming. But there also is an increasing interest from conventional farmers in adopting organic methods, but not willing to accept any decrease in yield. There is a growing number of conventional farmers that would abandon chemical inputs IF they could afford the 3-5 year transition time necessary to get their land "Organic--Certified". It takes years of NOT using chemicals to get to the point that a soil sample does not register any chemical residue--a requisite for Organic certification.
To date, this transition period was economically challenging because yields typically declined and the higher expected premium organic produce prices were not realized until after certification. With AgraBurstPRO, farmers converting to organic can "afford" to complete the process because of the higher yields . As noted previously, field tests have recorded yield increases ranging from 15% on coffee to over 40% on rice.
Conventional Farmers
Conventional farmers who want to continue using their current protocols always are driven to maximize their crop yields. The fact that AgraBurstPRO is organic AND increases crop yields substantially is a plus for these farmers. Although they do not care to become Organic-Certified, using a non-chemical input reduces the toxic work conditions inherent with andling chemical inputs.
Additional Non-food Markets
As a broad spectrum agricultural input, AgraBurstPRO is effective with any plant. Non-food crops that have been, or are currently, in field tests with AgraBurstPRO are flowers, cannabis, tobacco, turf, ornamental trees, coffee, cacao, palm (palm oil), corn, mangoes, banana, lawn/turf (golf courses, lawns and sports arenas) and pasture grasses.
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