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GroGenesis Enters Hemp Market Green Markets, News, News Briefs, SpecialtyGreen
GroGenesis Inc., a Sioux Falls, S.D.-based company that produces AgraBurstPro (ABP), an organic soil and plant stimulant (GM July 27, 2018), has decided to aggressively enter the industrial hemp cultivation market in the U.S. and Canada.
With legalization of industrial hemp production likely in the U.S., President and CEO Richard Kamolvathin said GroGenesis has field tested ABP with hemp producers whom he said were impressed with positive results in the health of their plants, growth rate improvement, and plant size enhancement. Hemp farming is legal in Canada.
Registered by the Washington State Department of Agriculture as an organic material, ABP has been field tested on a variety of crops in Bangladesh, Cuba, Colombia, and Myanmar, with recorded yield increases ranging from 15 percent to 40 percent. Successful ABP field tests also have been conducted on corn, rice, and soybeans in Illinois, Arkansas, Georgia, and Florida.
When applied as a spray, the plant-based extract is designed to facilitate the rapid, direct absorption of inputs through the leaves and stems of plants.
Kamolvathin and Rick Lutz, Vice President of Business Development and Communications for GroGenesis, told Green Markets that hemp has many industrial uses, including concrete, rope, wax, biodegradable plastics, resin, paper, clothing, biofuels, and paint. It presents a lucrative market that GroGenesis plans to tap, they said.
Kamolvathin said with China and the European Union halting the purchase of genetically modified beans, corn, and other commodities, and trade tariffs impacting agricultural exports, American farmers are struggling and need to optimize their options.
Referring to GroGenesis, he said “We’re looking to diversify our position to maximize new markets. It’s our belief industrial hemp will make a comeback as a textile along with other uses.”
Rural economies could benefit from increased hemp cultivation, as processing plants and warehouses are located close to fields where it is grown, Kamolvathin and Lutz said.
GroGenesis uses United Agricultural Service’s 40,000-square-foot facility at Panasoffkee, Fla., to provide its custom blending, warehousing, and logistics support, which is an hour from the Orlando International Airport and can rapidly fulfill international orders.
The company uses distribution partners and provides them with technical, manufacturing, and marketing assistance, reducing overhead expenses. That same business model would be used to develop the industrial hemp market.
Total sales for the U.S. hemp industry in 2017 were $820 million, including $190 million for hemp-derived CBD products, $181 million for personal care products, and $137 million for hemp food products, according to the Hemp Business Journal.
It is estimated that the industry will grow by more than 14 percent to $1.9 billion by 2022 as legal and regulatory hurdles are removed. In Canada, more than 100,000 acres of hemp were under cultivation in 2017, with significant increases forecast for the next five years
About Green Markets
Green Markets, a Bloomberg publication, offers an authoritative weekly report on the global fertilizer industry to industry professionals.
http://fertilizerpricing.com/pricing-news/green-markets/
$GROG .13 PS .. News out, Low vol trader, Unique Product, #AgraBurstPro #Hemp, WatchList - Glta .. https://www.otcmarkets.com/stock/GROG/profile .. http://www.cvent.com/events/specialty-fertilizer-global-summit-2018/speakers-e71023291e5a4515bc6d1e4627ddb052.aspx
We agree and are recommending this product to several growers we have invested with up in Canada.
Our opinion
The first $ / order received will make all the difference in the world here ... and the stock can finally start to go up as high as it wants. Soon enough, real product, real business, real management, integrity, etc, will pay off
Since we have run successful field test with hemp, I can't think of any reason why we won't see some orders.
Hemp is a big market already in Canada. But when the US legalizes it, the potential is huge. I wonder if this PR is a set up for something already in the works.
Maybe this news will be discussed at the Fertilizer Summit.
GroGenesis, Inc. Enters Industrial Hemp Market with Organic Agricultural Input
Industrial Hemp Production in US and Canada Offers Significant Market Opportunity for AgraBurstPRO™
SIOUX FALLS, SD - (NewMediaWire) -November 8, 2018 - 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. (http://www.digitaljournal.com/pr/4016469,) 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 (https://www.forbes.com/sites/eveturowpaul/2018/07/31/get-to-know-the-trendiest-food-ingredient-youve...) and promising potential for cancer therapy.
According to the Hemp Business Journal (https://www.hempbizjournal.com/size-of-us-hemp-industry-2017/), 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 l 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.
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 email to info@grogenesis.com.
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
Reference Link (with active hyperlinks): http://www.newmediawire.com/news/grogenesis-enters-industrial-hemp-market-with-organic-agricultural-input-4824242
No revenue, but the company has raised over $1.3million in 2017 and 2018 by issuing stock. Management has been getting paid, you can rest assured of that. Check out the Executive Compensation in the 2017 Annual Report. You can see that Richard Kamolvathin's compensation was $475,924. Not too shabby, but maybe he deserves a raise in 2018 for all the sales he's delivering..??! lol... Unfortunately we can't see the latest #'s because the Company is over 2 months delinquent in filing the latest annual report.
Many different ways to spin the fact that we have had no sales for a year. Most negative.
But...
During this time how has management been paid? Well they haven't. How could they? No income, not any dilution, and if there was through selling shares then , they are still not making much,looking at the month to month average volume no money there. SO, WHY STAY??????
Why answer phones?Why reach out to potential clients? Why put anything on face book? Why do field tests? Why attend and speak at a fertilizer conference? For no pay?? For a year or more? WHY?
Managment, right or wrong must believe that working for a year with out compensation, probably self funding, will pay off. I see no other reason. They must also believe or at least I would that future sales will well cover this year of pain. They may be wrong, but they have to know much more than us.
Well said!
We have a cannabis Research facility as well as a very successful seedling operation and are very interested in the results for sure.
GLTA
As crazy and risky as we shareholders have been holding since last news. Can you imagine the risk and confidence the managment has taken and has. It takes a lot of determination and belief or faith that the product will one day hit the market. We go another day without news, they go another day with out compensation.
I have received them before, will have to check if by accident I spammed them. I speak directly with the company every 2-4 weeks. It is nice to see LG field tests. But maddening we have had no reported sales in a year. The folks running the company I am certain are not living off of proceeds.
Gltu
You should sign up with the company. Just sent an e-mail to info@grogenesis.com just saying" Please add me to the list", and I started getting periodic updates. Hasn't been much over the summer, but more recently.
Got one saying that the CEO had been invited to a conference to speak. That was good news to me, but I do not know how many people are on the list. And they are probably shareholders already ticked off for being in GROG already and do not want more unless say see sales.
As for me, I have been picking off shares at the bid when I can. Missed the .08 today though.
Low volume from low interest from no news. The update on the South American field trials was, imo, good news. But when you do not for such a long time, people want news on revenues or sales.
I agree, the field tests are significantly larger than what I thought was going on. And it is probably true that if these trials are successful--with bigger harvests etc.--the distributor in Colombia should be getting orders. And maybe we will start getting news.
Here are the trades today so far. If you are not a market maker--you pay .12. If you are a market maker, you get .08. (Unless you had a long time order in at .08 and someone threw in a market order to sell.)
11:54:37 0.08 2000 OTO
11:45:54 0.08 980 OTO
10:06:17 0.12 6000 OTO
I got this e-mail update from GroGenesis this morning. Wonder how many people get these?
(I highlighted a few points. Looks like these field test are paid for. Also, these trials are much larger than I thought they have been doing. In my mind, that means that this is the last step BEFORE major orders from these farmers. You do not do that large a test--hundred of acres--unless you are half sold and need that extra validation before buying big time. JMO)
----
To GroGenesis shareholders and interested investors:
Vita-Agro S.A. S., the master distributor for GroGenesis in Central and South America, has been contractedto conduct two large field trials in the provinces of Belen de Bajira, Chigorodo and Apartado.
A field test totaling 1,000 acre (2,472 acres)with AgraBurstPRO is on plantains as a potential prelude for larger future orders. The plantain crop represents 9.7% of the total annual agricultural production value of Colombia. Annual production of plantains is approximately three (3) million tons with 380,000 hectares under cultivation.
The second field test is on 400 hectares (988 acres) to assess the yield improvement with AgraBurstPRO on 100% organic rice. An undisclosed minimum yield improvement in this large field test is anticipated to result in significant future orders of AgraBurstPRO for Vita-Agro and GroGenesis. The average crop yield of rice in Columbia in 2017 was 2.88 metric tons per hectare. Colombia had 681,000 hectares of rice under cultivation in 2017.
For your information,
Investor Relations for GroGenesis
(605) 836-3100
Info@GroGenesis.com
GroGenesis on Facebook
https://www.facebook.com/GroGenesis/
Organic and non-GMO Agriculture
https://www.facebook.com/groups/218657712233033/
Notice Regarding Forward-Looking Statements:
This e-mail communication contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon the Company's current expectations, estimates and projections and reflect management's beliefs and assumptions based upon information available to the Company at the date of this release. The Company cautions readers that forward-looking statements are predictions based on its 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. The Company's 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 the Company's products, limited financial resources, ability to raise the working capital needed to fund the expansion of our current and future distribution commitments, ability to retain key employees and our competitors' ability to develop better or less expensive alternatives to our products, in addition to the risks and uncertainties discussed under the heading "Risk Factors" in Item 1 of the Annual Report on Form 10-K for the fiscal year ended May 31, 2016, and in other filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update any forward-looking statement for any reason.
Somebody got a great price of GROG today. When there is no news, it is left up to anyone's imagination--good or bad-- to make up for no news. If you get nervous enough, you sell at whatever the scum bag MM's offer. And they never offer a good price.
But that is the may things go on the micro cap market. Without real buyers, the MM's scalp shares at stupid prices and wait for volume and higher prices to get the ASK at the time.
Rinse and repeat.
Wish I had an order in at .10 today. Should have gotten some at that price.
We have flatlined. Sad.
I would have wagered a hand full of cash, or better said, I really thought that the price and volume increase were due to substantial news of some kind getting out. But now volume falling, (fell), and unfortunately without news price to follow. Maybe we can all buy more in the .10 range or lower again. (and again) I guess we shall see.
What a incredible, outstanding, needed, crazy cool product, to get no orders for soooooo long. Maybe we will get a Christmas or new year's present.
We shall see
Glta
I may join you. Waiting to sell another stock to buy more here. Noticed that the Facebook page for GroGenesis has been getting more posts from the company in the past week or so compared to about 1-2 months ago.
May mean nothing. But they are obviously still there.
That Fertilizer Summit speaking gig was great to see. I agree with the comments here on that. Something is going on --and considering that everything has seemed negative for awhile, the change should be positive.
The seller wants .15 and nothing lower. I have a buy order (AON) in at .13 and it has not crossed. But I will be patient, lol.
If I get them at .13. Fine. I have averaged in all over the place. But the seller is going to have to meet MY price.
I agree with your thoughts that when revenue is announced, GROG will take off. Whatever is taking so long to announce orders and revenue, I hope it is because they are gunning for large orders that will really mean something. Going from NO revenue to big revenue is a real sweet place to be--if you already own the stock.
JHMO
Well 50k available at .15.
Think we r close, so if I had the cash I would grab it.
Think we could easily get to .25-.30 pretty quickly with some revenue. The product has crazy potential and if we start to get a peak into the future, the street will start to factor that in to market cap. Gltu
Agreed,picking up more this week coming!
One good spark ignites this. They have product that can play amd compete at every level. Everyone sacrificing greatly, hasn't been easy, but this can't but help to be eventually hugely successful. It's a game changer product
GROG going to this Fertilizer Conference can only be a good thing.
You would think that Green Markets did some DD to determine the viability of the company. So maybe they had a NDA with tGROG to know more than we know.
In the e-mail from the company, this was important, imo:
Green Markets Specialty Fertilizer Global Summit in New Orleans on December 13.
"This conference is an opportunity to roll out AgraBurstPRO to the fertilizer industry in the US and Canada. Because AgraBurstPRO is a proven effective "delivery system" for all applied inputs such as fertilizers, incorporating AgraBurstPRO into fertilizer formulations under private label agreements is an integral part of GroGenesis's business plan. Company management will be meeting with prospective customers and distributors during the Conference."
They could conceivably get a good many leads from the CEO's of fertilizer companies that, according to the Green Markets site, are attending. This presentation on AgraBurstPRO could be one huge sales call. LOL.
Getting any shares is hard.
An investment of 30 or 40k would drive the price up above .20 imo.
I am sure sellers will come in once vol in. But sheesh, no shares available.
Recieved this email,
Great to see signs of life.
To GroGenesis shareholders and interested investors:
The CEO of GroGenesis, Richard Kamolvathin, has been invited to speak at the Green Markets Specialty Fertilizer Global Summit in New Orleans on December 13 (see below). This conference is a timely opportunity to roll out AgraBurstPRO to the fertilizer industry in the US and Canada.
Because AgraBurstPRO is a proven effective "delivery system" for all applied inputs such as fertilizers, incorporating AgraBurstPRO into fertilizer formulations under private label agreements is an integral part of GroGenesis's business plan.
Attendees to the Summit include:
Fertilizer Manufacturers
Fertilizer Wholesalers
Fertilizer Blenders
Agronomists
Entrepreneurs
Fertilizer Distributors
Investment Community
http://www.cvent.com/events/specialty-fertilizer-global-summit-2018/agenda-e71023291e5a4515bc6d1e4627ddb052.aspx
2:30 PM - 3:00 PM
Organic Crop Inputs for Increased Nutrient Absorption
It’s costly when fertilizer is lost before the plant and soil have been able to absorb the nutrients. GroGenesis has developed a surfactant uptake enhancer that enables plants and soil to more efficiently deliver the added nutrients incorporated in fertilizers.
In this session, you’ll learn how this plant-based extract facilitates the rapid nutrient transport at the cellular level, resulting in improved photosynthesis and increased absorption of fertilizers, water, and any other applied input. The results include input cost savings, enhanced drought tolerance and increased crop yields.
Don’t miss this session on an advanced product that promotes plant health and fertilizer efficiency.
Speakers:
Richard Kamolvathin
Btw, Grogenisis does not have any products that are classified or at least the company classifies as a biostimulant. But I do hope you are able to find a successful investment.
Where you able to find a Brokerage firm that will allow you to trade grog?
Amazing how few sellers there are. But a little up tick in price will be short lived without some news. Man it has been a long time, I remember thinking we would see orders last December. Now I am sure we will see them by this December.lol
Gltu
Don't know why it would not show. The only time mine doesn't show is little orders under 5k are placed. Maybe because all or none for you. I will often put in a small buy, then frequently get filled lower and don't drive the price up. Hard to believe ask is now .158. I think if a buyer showed size in the .12 range a seller or two would show up. The company needs to show some activity, then back to the .20s easy.
Had an All or None order to buy 25k shares today at .1o. The market makers never show my bid. I am kind of conflicted. I want to get.more, but it is encouraging to see that there is not alot of motivated sellers.
Huge spread, .066 to .14, you could drive a truck through it. Nice to see the activity. But won't or can't last without updates, orders, new distributors, field test results ect. Gotta be something that they can say soon, I'd think. We have all been patient, really patient. Hopefully shareholders will be updated soon and rewarded long term.
The sellers seem to be gone for now. Now the buyers need to come in. My buy order at .o9 is not even being shown.
Good to know,GLTA.
I have had a GTC order in at 10 k shares for .075 for a week and not one shared filled. Re international distributors ... you work off of a letter of credit when selling product - bank to bank, so you basically get paid right away up front. I would say it has been tough on all concerned to this point but still believe. tick ... tock
Obviously there have been trades going on. Where are they buying the stock?
I have bought and sold through e-trade with no issues.
I am still optimistic on grog, a few of my best investments have been in stocks that missed their
filing. The stock prices went down and I bought because I was willing to
take the gamble . In those cases, the
companies did not file on time because they did not have capital to file (like you suggest). But when the funds came in the stock price went from depressing and boring to a big
increases in the prices and trading volume. I believe that they are
about to finally get revenues from one of the distributors they have
announced. And I am willing to take the risk.
I have been buying GROG periodically through TD Ameritrade with no problems over the past few months. The only problem I have had is to get my Buy order get executed under the Ask. And every time I tried to buy more than 10,000 shares at any one time, I would get a partial fill.
Another colleague has bought shares through Fidelity. AGAIN, NO PROBLEMS.
GLTU
It’s the standard warning message for a Reporting Issuer that fails to file a mandatory report by the prescribed deadline. In Grogenesis’ case, their annual report was due by August 31, 2018.
Just look up GROG on otcmarkets dot com
As you can clearly see under their filings, the company filed a request for an extension to September 15, 2018, but...(“shockingly” lol )... they failed to meet that deadline as well. This, of course, is quite common for companies that can not sell any product for over a year lol.. No revenue....Out of cash....Can’t pay audit firm...Auditor refuses to file reports until they get paid... and so the shareholders wait.. and wait... lol..
The realllly bad news is that many brokerage firms restrict any buying of shares for companies that have this warning attached to them. They only allow selling. Terrible news for current shareholders. The share price can only go in one direction.
Saw this exact same post on another board. Lol. Guess you can say this about any company.
I have not heard anything about the 2 billion dollar buy out offer from monsanto that is closing next week, Wednesday, you?
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Agreed,been shareholders in CNA.. for years.
It would be nice for GROG to partner with a company like cn#b. It could be very helpful for both companies. I would not be surprised, if GROG gets some sales, that a company growing hemp and manufacturing their own cannibis oil might really like our product.
I might buy back some of the shares I sold in .13 range. If there is no news in Oct, I think I would be able to get them in the .05-.06 range. I would definitely jump on that price. But....... we shall see
News of revenue would make a huge difference.
Don't think insiders have the cash to buy shares. As I have spoken with grogenisis, I have gotten the feeling, (Not spoken directly) that folks are probably putting cash in to keep the company afloat until something happens with the product. Just a guess, who knows how they have kept a float with no sales. Still hopeful.
Nice size buyer at .07. Good to see a buyer even down there.
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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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