MustGrow Biologics Corp. (TSX-V:MGRO, OTCQB:MGROF) announced it has won the "AgTech Innovation of the Year" award at the fourth annual AgTech Breakthrough Awards program.
AgTech Breakthrough is a leading authority in market intelligence that highlights the premier companies, technologies, and products within the global agricultural and food technology sectors.
Saskatoon, Saskatchewan-based MustGrow develops and commercializes natural biological technologies and products sourced from mustard seeds, tailored for sustainable agriculture markets.
The company's innovative technology platform distinguishes itself by its natural, organic, and ecologically sustainable attributes.
"Sustainable agriculture is the way of the future,” said Corey Giasson, MustGrow's CEO.
“One of the farmer's most important assets is their soil and their main objective is to grow a crop. We're focused on natural technologies that have the potential to provide increased soil fertility and help farmers grow crops for sustainable agriculture."
Giasson went on to say that the company is “honored” to be recognized by AgTech Breakthrough.
“By improving soil health, we can improve crop nutrient uptake and overall performance. Our products will continue to utilize multiple technologies derived from novel plant-based extracts from mustard and other potential sources."
The annual AgTech Breakthrough Awards program aims to execute the industry's most comprehensive evaluation of agricultural and food technology categories, encompassing realms such as IoT-based agricultural technologies, artificial intelligence, farm management, indoor farming, data analytics, and more. With over 1,750 nominations hailing from more than 15 countries globally, this year's program reflects robust international participation.
Bryan Vaughn, managing director at AgTech Breakthrough, said that MustGrow is providing a natural, organic technology platform with the efficacy of synthetic chemicals that has potential application in multiple global markets.
“Sustainable farming practices are critical to feed a growing population on a finite amount of land. This means replacing or complimenting synthetic chemistries - but that leaves limited alternatives,” Vaughn said.
"Growers and consumers are demanding healthy, natural, sustainable, and in some cases, organic products. Natural products like MustGrow's are ready to make a substantial contribution to the achievement of synthetic pesticide reduction targets and improve overall food quality."
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