Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I sent that letter directly to the GROG Investor Relations link on their site.
Dear Grogenesis Management and Investor Relations,
As an investor of four years with Grogenesis, I am becoming increasingly concerned about this company and its ability to successfully promote and sell its product(s) on any scale. I am aware that agricultural licensing has been an issue in several target countries, and that is a very slow, bureaucratic process. However, information and feedback about the corporate state of affairs from Grogenesis should not be.
You have not released any information about current sales opportunities or company strategies to the press or to your stockholders for several months.
I own 45,000 shares and am quite disappointed that GROG has not made any effort for several months to reassure me or my fellow stockholders, of any sort of progress or corporate development.
Would you please consider sending out a current update on the state of affairs at Grogenesis to all of your stockholders?
I used to believe in the story you were selling and have convinced others to buy GROG stock as well. I am not alone in feeling neglected by the company I have invested quite a bit of money in, and subsequently have watched my investment value dwindle to $0.06 per share.
If there is hope for Grogenesis to thrive in the future as a successful and profitable global entity, give us a glimpse of some tangible evidence that it is making strides towards that goal. If not, I will be forced to take a huge financial loss and sell my shares while they still have some monetary value.
I look forward to your direct reply or a corporate update in the very near future.
Respectfully,
Pat Chambers
YOU HAVE GOT TO BE KIDDING! 100 SHARE TRADES? the cost to do the trade is more than the proceeds. LOL
Actually I am not sure if I should sell or maybe buy some more?????
Have you considered selling??
Wait a minute- I have shares with this stock.What am I suppose to do with my shares!!!!!!!!!!!!!!?????????????????...........
Please finish your statement. Whom do we contact?
Hahaa. Check my post from last November. No revenue but somehow Richard’s compensation was over $400,000 in 2017. And who knows how much in 2018. Where do the investors think their money went.??!!!!
Is this a class action lawsuit?
ATTENTION: ALL COMMON SHAREHOLDERS OF GROGENESIS, INC.
We are part of a group of GROGENESIS, INC. (“GroGenesis” or the “Company”) investors. Recently, our attorney sent the Company and officer Richard Kamolvathin and Officer/Director Michael Samp a demand letter for return of all our original investments plus interest made to GroGenesis over two years ago.
We are alleging that the Company and its officers fraudulently induced investors to purchase GroGenesis securities by failing to disclose , and that Messr. Kamolvathin and Samp continue to grossly mismanage the Company in violation of their fiduciary duty to the shareholders. Our attorneys believe that these acts by GroGenesis violate the federal securities laws, state corporate law, and others. Further, we believe that Mr. Kamolvathin personally failed to disclose that he holds certain stock of the Company anonymously in nominee form. In addition, despite due demand, the company refuses to deliver to shareholders the stock certificates representing our lawful ownership of GroGenesis common stock.
If you have similar complaints about the Company’s mismanagement and fraud, and/or you are a GroGenesis shareholder who may have invested under similar circumstances, or are concerned with the way the Company has been managed and would like additional information regarding your rights as a shareholder and your ability to seek remedies against GroGenesis,
We are long here and believe gaining a significant client is close.
Every sale tells a story .
andy55q Wednesday, 12/19/18 10:37:11 AM
Re: None 0
Post # of 589
GroGenesis
To GroGenesis shareholders and interested investors:
Just a quick update on your company and where we are at the end of 2018 and expectations for 2019.
GroGenesis has been in protracted negotiations with a country (TBA) for a significant order of AgraBurstPRO that requires governmental approval and a Letter of Credit. The Company anticipates final approvals in the near future, whereupon a press release will be issued. The Company expects to receive orders for AgraBurstPRO from two other country distributors in early 2019.
The Company has been approached by internet media (two sites) to conduct a interview with the CEO of GroGenesis. The Company has opted to wait to schedule these interviews until after a significant business development has been announced.
Green Markets by Bloomberg: Specialty Fertilizer Global Summit
GroGenesis presented at the Green Markets Specialty Fertilizer Global Summit in New Orleans last week. The 3:10 PM presentation by GroGenesis can be accessed at:
Afternoon Sessions Presentations
GroGenesis was the third presentation in the afternoon sessions. As the day progressed, it became clear that the fertilizer industry understands that there is a compelling need to focus on reducing inputs (for cost and environmental reasons) and increase crop yields to address the population growth that is expected by 2050. There was also discussion on the rise in demand for organic foods and the willingness by the consumer to pay more for "healthier" foods.
After the presentation, we were approached by more than twenty attendees representing:
fertilizer and adjuvant manufacturers,
agricultural distributors and
turf /lawn distributors
who requested followup for potential side-by-side field testing with AgraBurstPRO and their products. The Company has already been contacted in the past three days by five (5) companies for additional information on AgraBurstPRO.
AgraBurstPRO Field Testing
As previously disclosed, the master distributor in Central and South America (Vita-Agro S.A.S.) is currently conducting a 1,000 hectare (2,472 acres) AgraBurstPRO field test with plantains and a 400 hectare (988 acres) field test on organic rice. Both these field tests are revenue-generating for Vita-Agro.
In Myanmar (Burma), field trials were conducted on rice as a preliminary requirement for an import license from the Myanmar Agriculture Ministry. The cellphone video accessible below is an impromptu reaction by farm workers to the obvious positive AgraBurstPRO effects:
https://www.dropbox.com/s/j33hpic17pqu95h/Myanmar%20Rice%20Harvest%20April%202018.mp4?dl=0
Farm Bill and Hemp Legalization
As reported by NBC News, "The bill, awaiting President Trump's signature, opens the door to state-by-state regulation, removes hemp, which is part of the cannabis plant family, from the federal enforcement of outlaw drugs and gives hemp farmers access to banking, crop insurance and federal grants, experts said. That could open the industry, which produces therapeutic cannabidiol (CBD), fabric, rope and even ethanol, to a wave of investment." (https://www.nbcnews.com/news/us-news/hemp-industry-expected-blossom-under-new-farm-bill-n947791). The Company believes that the industrial hemp cultivation market will develop into a significant and lucrative opportunity for GroGenesis and AgraBurstPRO. There are no broadly adopted cultivation protocols for hemp in the US which provides the Company a unique opportunity to present AgraBurstPRO to new hemp growers.
GroGenesis has already been in contact with university professors conducting hemp research in anticipation of federal legalization of hemp with the focus on initiating small greenhouse field tests on hemp cultivation with AgraBurstPRO.
Lastly, GroGenesis shareholders and interested investors are encouraged to "LIKE" the Facebook page for GroGenesis for insights into GroGenesis's business plan and agriculture industry trends.
In closing, GroGenesis management looks forward to 2019 after a year of unscheduled delays in expected orders that required the Company to "jump through hoops" to satisfy the regulatory demands of certain countries. As can be determined from this update, the Company has not been idle in advancing its business plan to introduce AgraBurstPRO into the cash crop and food crop markets, in addition to entering promising markets in turf and hemp.
GroGenesis management thanks all shareholders for their patience and continuing support.
Seasons Greetings and a Merry Christmas to all.
Regards,
Investor Relations for GroGenesis
I spoke with the Investor Relations guy last week. He assured me that Grogenesis is still actively pursuing the signing of contracts in several countries in which they have done field testing . The current barrier is government approval/licensing by the various Agriculture ministries.
He is working for free as the company has no cash. He obviously has a substantial number of shares in the company and is working without pay to help the company succeed to ultimately grow the stock's value. He said that they will certainly make an announcement regarding a signed contract but will not put out any premature information.
I will not buy anymore GROG stock until they announce their first significant sale, but I will not sell my 50,000 shares either. This is a Cinderella Story in the making. if you believe the GROG story then....stay LONG stay STRONG!
If I am not mistaken apparently the letter to shareholders is from late last year. I don't have it but maybe a search on the internet could lead to finding it.
Yes please post letter to shareholders.
Can somebody answer me? What is going on with this stock? Why is everything apparently still quiet with this stock? Do you think that this stock is going to follow through with plans as per it's letter to shareholders ????
Does anybody have the Letter to Investors GROG sent out at the end of December or early Jan saying they would be making an announcement in early 2019 about a sale? I thought there was a link in the threads here but can't see it or find it in their press releases. I'm sure I didn't dream it. If you have it please re-post here.
Thanks and Go GROG!
Can anybody please tell me if this stock is ok? - I have been kind of unsure about it lately.
It’s coming and very soon,there are eyes on GROG and most importantly,we know of interest at the top of the chain,once the order is placed it will blow everyone’s minds.....especially GROG’s.
Waiting for GROG's announcement of a sale to a government or any sale for that matter is brutalizing! long long long will save me from eating cat food at 80 y/o. ;-}
Picking off some shares at the bid is still tough. You have to put in very small order amounts, otherwise you have no chance.
Odd the PPS is either being held down or The investment community may not be aware of the possibilities in the future.
We believe this company has a great future although we need to be concerned about the now.
We will continue to accumulate for now.
In Our Opinion.
Grog should submit for: CNBC is now accepting nominations for the 2019 CNBC Disruptor 50, our annual list of private companies transforming the economy and altering industry.
Submit your nomination for the 2019 CNBC Disruptor 50 by clicking here.
CNBC
The deadline to submit the 2019 CNBC Disruptor 50 Nominee Submission Form is Monday, Feb. 4, at 12 p.m. Eastern time. All private, independently owned companies founded after Jan. 1, 2004, are eligible, and any company founder or executive, investor in the company, or any of their communications representatives are welcome to submit the nomination form.
For the first time, CNBC is limiting the age of Disruptor 50 companies to 15 years. This decision is based on an editorial review of venture-backed public companies and past Disruptor 50 companies and nominee companies. Imposing an age limit keeps the list aligned with its ongoing mission to identify the next generation of innovative public companies.
In 2018 more than three-quarters of venture-backed companies to go public were 15 years old or younger. Most Disruptor 50 companies are on a much faster track to an IPO. Since the list began in 2013, 32 Disruptor 50 companies have gone public. The median age of those companies at their IPO was just seven years. For most of that group, the IPO was just the next step on the way to bigger successes.
A look back at the CNBC Disruptor 50: 6 years, 167 companies
There is, perhaps, no better example of this than Twilio. The company, which provides voice, text, chat and video services to millions of app developers, was named to the Disruptor 50 List for four straight years, from 2013 to 2016, and then debuted at the New York Stock Exchange in June 2016 at $15 per share. Less than three years later the stock is trading closer to $100 per share, riding a massive 278 percent gain in 2018.
Twilio is an 11-year-old company. When it was first named to the Disruptor 50 List in 2013, it was barely known. The same will be true of some of the companies that earn a spot on the 2019 Disruptor 50 List, and our new 15-year age limit gives CNBC even more capacity to identify the next generation of groundbreaking start-ups.
So who's next?
The competition will be tough. In 2018, 981 companies submitted nominations from the United States and around the world. In the end, 50 companies, with a combined valuation of more than $350 billion, made the final cut.
Nominees will be put through a comprehensive and rigorous process of researching and scoring across a wide range of quantitative and qualitative criteria. Winners will be notified in April, and the list will be published in May across CNBC's TV and digital platforms.
To stay part of the conversation, follow @CNBCDisruptors on Twitter and look for updates at disruptor50.cnbc.com.
Slow increase in price on low volume may be best. Not enough buyers to attract big sellers
Back from skiing and ready for the New Year. Revenues speak louder than updates. And my hearing is perfect.
Potential has to turn into real earned $ and then we are good
I got the e-mail with the hyperlink at that "Afternoon Presentations" and the GROG presentation was really pretty impressive. The video in the lab pretty much explained what they were saying on the slides.
I, for one, was encouraged that they apparently have a lot of things going on. Having a lot of interest coming out of a Fertilizer Conference is a big potential plus for 2019.
GLTA
GLTA,great product!!
Thanks for posting this. The update seems to be pretty comprehensive. More things going on than I thought.
GroGenesis
To GroGenesis shareholders and interested investors:
Just a quick update on your company and where we are at the end of 2018 and expectations for 2019.
GroGenesis has been in protracted negotiations with a country (TBA) for a significant order of AgraBurstPRO that requires governmental approval and a Letter of Credit. The Company anticipates final approvals in the near future, whereupon a press release will be issued. The Company expects to receive orders for AgraBurstPRO from two other country distributors in early 2019.
The Company has been approached by internet media (two sites) to conduct a interview with the CEO of GroGenesis. The Company has opted to wait to schedule these interviews until after a significant business development has been announced.
Green Markets by Bloomberg: Specialty Fertilizer Global Summit
GroGenesis presented at the Green Markets Specialty Fertilizer Global Summit in New Orleans last week. The 3:10 PM presentation by GroGenesis can be accessed at:
Afternoon Sessions Presentations
GroGenesis was the third presentation in the afternoon sessions. As the day progressed, it became clear that the fertilizer industry understands that there is a compelling need to focus on reducing inputs (for cost and environmental reasons) and increase crop yields to address the population growth that is expected by 2050. There was also discussion on the rise in demand for organic foods and the willingness by the consumer to pay more for "healthier" foods.
After the presentation, we were approached by more than twenty attendees representing:
fertilizer and adjuvant manufacturers,
agricultural distributors and
turf /lawn distributors
who requested followup for potential side-by-side field testing with AgraBurstPRO and their products. The Company has already been contacted in the past three days by five (5) companies for additional information on AgraBurstPRO.
AgraBurstPRO Field Testing
As previously disclosed, the master distributor in Central and South America (Vita-Agro S.A.S.) is currently conducting a 1,000 hectare (2,472 acres) AgraBurstPRO field test with plantains and a 400 hectare (988 acres) field test on organic rice. Both these field tests are revenue-generating for Vita-Agro.
In Myanmar (Burma), field trials were conducted on rice as a preliminary requirement for an import license from the Myanmar Agriculture Ministry. The cellphone video accessible below is an impromptu reaction by farm workers to the obvious positive AgraBurstPRO effects:
https://www.dropbox.com/s/j33hpic17pqu95h/Myanmar%20Rice%20Harvest%20April%202018.mp4?dl=0
Farm Bill and Hemp Legalization
As reported by NBC News, "The bill, awaiting President Trump's signature, opens the door to state-by-state regulation, removes hemp, which is part of the cannabis plant family, from the federal enforcement of outlaw drugs and gives hemp farmers access to banking, crop insurance and federal grants, experts said. That could open the industry, which produces therapeutic cannabidiol (CBD), fabric, rope and even ethanol, to a wave of investment." (https://www.nbcnews.com/news/us-news/hemp-industry-expected-blossom-under-new-farm-bill-n947791). The Company believes that the industrial hemp cultivation market will develop into a significant and lucrative opportunity for GroGenesis and AgraBurstPRO. There are no broadly adopted cultivation protocols for hemp in the US which provides the Company a unique opportunity to present AgraBurstPRO to new hemp growers.
GroGenesis has already been in contact with university professors conducting hemp research in anticipation of federal legalization of hemp with the focus on initiating small greenhouse field tests on hemp cultivation with AgraBurstPRO.
Lastly, GroGenesis shareholders and interested investors are encouraged to "LIKE" the Facebook page for GroGenesis for insights into GroGenesis's business plan and agriculture industry trends.
In closing, GroGenesis management looks forward to 2019 after a year of unscheduled delays in expected orders that required the Company to "jump through hoops" to satisfy the regulatory demands of certain countries. As can be determined from this update, the Company has not been idle in advancing its business plan to introduce AgraBurstPRO into the cash crop and food crop markets, in addition to entering promising markets in turf and hemp.
GroGenesis management thanks all shareholders for their patience and continuing support.
Seasons Greetings and a Merry Christmas to all.
Regards,
Investor Relations for GroGenesis
Hemp legalization was mentioned by GroGenesis on their Facebook page. Good news for the patient.
GLTA
Unless they get a contract signed and shipped in the next two weeks, I am expecting orders to start in the New Year. Actually, I would rather have news in January when investors are around tha during the Holidays. I, for one, will be in Europe for two weeks starting next week.
The Farm Bill passed the Senate 87-13...Lets see how quickly the House acts... hemp plus grog!
Fertilizer conference tomorrow
Looks like Hemp is going to be legalized in the US soon.
https://qz.com/1483381/the-2018-farm-bill-could-make-hemp-the-next-tobacco/
Spoke to the company yesterday. I really did not get any new information, but I did get the sense that they are expecting developments of happen soon. Nothing concrete, but they sounded more confident (and less worried) than I really expected. When I asked about revenues, they said that they would announce orders--and include the size of the orders--as they come in. He apologized that they have not announced anything recently, but timing is out of their hands at this juncture.
I asked about issuing a shareholder's update, they said that they have chosen only to put out news that is NEWS and not just a rehash of the past press releases. He was pretty opinionated that too many micro caps companies use shareholder updates and "expectation/forecasts" PR's to gin up the shareholder base, but they are committed to present themselves as a real company--albeit over due for real news.
When I asked them about hemp, it was obvious that they are pre-positioning for what they expect will be the legalization of industrial hemp in the US --possible with the Farm Bill passing in January (their expectations). Apparently, they had a few hemp growers that asked for product try and the growers gave them feedback that said that the product AgarBurstPRO was too effective on hemp to ignore that market.
All in all, I am more encouraged that there should be news soon. I kind of like talking to a small company that has alot of reasons to try to mislead and pump--if just to "buy time" and encourage shareholders. But they will NOT do it because it "undercuts our future credibility".
GLTA
Well if a client wants the product, they will sell it imo. If they do, they will have to file an 8k. So yes it makes sense to wait, but I think they would do everything they can to process an order when ever they get it. Personally I don't care when it comes, 1 minute before the Christmas or new years days close is fine with me. I think I had a post very similar to yours 12 months ago.
End of 2019, it's my turn again to say it. Just kidding, lol. Hope for many sales, great revenue growth q to q in 2019.
My GTC All or None BUY order is in at a nice price. Looking for that tax loss seller who is more interested in booking the loss than what the price is. My bet is that the company will put out news after the holidays. Why announce anything now?
Well said. And buy away if you can! This has been a long journey, but until management gives up, am staying the course. We have a game changing product, a tenacious persevering dedicated management team that believes ... this is going to happen, just a matter of when. You also buy stocks like this based on anticipation and there is much to anticipate heading into 2019 even if it feels very dark right now
One contract news piece showing how many dollars will turn this around big time. End of year is always difficult for down stocks. I want 40k more if I can get it at .10 or better.
So tempting, just one contract and the .13s will be .26s and more.
Hope everyone has a safe and great Thanksgiving.
Happy Thanksgiving to all.
Might pick up some more .13s, one nice size order, and it's a double.
Orders hopefully before christmas. Never know. If not 2019. Lol
Agreed about need for company to report orders and/or shipments. I spoke to the company and I get the impression they are expecting some large orders from overseas. One wonders if overseas means "government red tape" is at fault. The news on hemp may be bigger for GROG than even they would predict.
With these low volume stocks, the fear of getting stuck is understandably a factor. But with any news on revenues, that volume will come in and then the concern of getting stuck goes away. In other words, a domino effect develops that solves a lot of problems all at once.
As for people seeing the product work and not buying, the above holds true, but there is always that fear that a company can not capitalize on a great product to be successful.
I have accumulated a good bit here because I understand that they are in the process, through their overseas distributors, on getting product registrations and licenses to sell in those countries. That was not what I expected--a delay because of that. But when they get these done, the $$$ should follow.
GLTU
Revenue will be next needed catalyst ... that will prove that agroburst pro is a viable marketable usable beneficial product. Would think tho that if I had field tested product and it was so good, I would be telling everyone and then you would think that some of those people would connecting that great news with a publically traded stock and be scooping up some shares ... but all is quiet ...
News moves these small stocks. And news on sales is what is needed here. It is obvious that there are things going on. Speaking engagement at a fertilizer conference does not happen if a company is dead. But I will wait for Revenue news before buying in some more. Glta
Followers
|
15
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
623
|
Created
|
10/31/13
|
Type
|
Free
|
Moderators |
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.
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
_____________________________________________________________________________________________________________________________ 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.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |