Mustgrow Biologics (MGROF) Stock News

MustGrow Biologics (OTCQB: MGROF) announced the grant of 1,660,315 deferred share units (DSUs) and restricted share units (RSUs) to directors, officers, and consultants, effective September 25, 2025. The grants were made under the company's Omnibus Equity Incentive Plan.

The DSUs will vest upon the holder's departure from their role at the company or its affiliates. Upon settlement, DSU holders will receive either one common share or an equivalent cash payment at the company's discretion.

MustGrow Biologics (OTCQB: MGROF) has secured a $2.0 million line of credit (LOC) from CIBC, guaranteed by Export Development Canada. The LOC carries an interest rate of prime rate plus 1.00% (current prime rate: 4.95%).

The funding will be used to produce TerraSante™, the company's organic mustard-derived biofertility product, to meet growing U.S. commercial farming demand. Additionally, the LOC will support working capital requirements for NexusBioAg, MustGrow's Canadian sales and distribution division.

MustGrow Biologics (OTCQB: MGROF) has completed several financial transactions to strengthen its capital structure. The company closed a non-brokered LIFE offering of approximately $2.1 million, issuing 3,059,731 units at $0.70 per unit. Each unit includes one common share and one warrant exercisable at $0.90 for 60 months.

Additionally, MustGrow repriced its January 2025 warrants from $1.90 to $0.90 per share and implemented a shares-for-debt settlement of $2.385 million in convertible debentures through the issuance of approximately 3.4 million shares at $0.70 per share. The proceeds will fund inventory production for TerraSante™ biofertility product and NexusBioAg distribution platform.

MustGrow Biologics (OTCQB: MGROF), a biological and regenerative agriculture solutions provider, reported strong Q2-2025 financial results. The company achieved revenue of $2.8 million, including $312,832 from TerraSante™ biofertility product sales in the U.S., compared to no revenue in Q2-2024.

The company improved its gross profit margin to 20.9% in Q2-2025, up from 14.3% in Q1-2025. TerraSante™ sales in Q2 tripled the entire 2024 sales volume, with inventory selling out due to growing demand. The company maintained a stable financial position with $1.8 million in cash and equivalents and $1.8 million in inventory as of June 30, 2025. The quarter resulted in a net loss of $1.1 million, or $0.02 per basic share.

MustGrow Biologics (OTCQB:MGROF) held its 2025 annual shareholder meeting on June 26, 2025, where all proposed directors were successfully elected with strong shareholder support. Each director received over 95% approval, with most garnering more than 99% of votes.

Shareholders also approved the reappointment of Ernst & Young LLP as auditors and reapproved the company's omnibus equity incentive plan, which remains subject to final TSX Venture Exchange approval.

MustGrow Biologics (MGROF) has signed a distribution agreement with Phospholutions to sell RhizoSorb®, a phosphorous efficiency product, through its Canadian division NexusBioAg. RhizoSorb® is designed to replace conventional phosphate fertilizers by enhancing nutrient use efficiency, allowing farmers to reduce phosphorus application by up to 50% while maintaining or improving crop yields. The product offers potential savings of up to US$20 per acre and significant environmental benefits, including 45.2% reduction in CO2e emissions, 78% reduction in phosphorus runoff, and 84% reduction in leaching compared to conventional MAP fertilizer. With Canada's 94.5 million acres of phosphate-dependent crop production, this partnership aims to deliver more cost-effective and sustainable fertilizer solutions to Canadian retailers and growers.

MustGrow Biologics reported strong Q1-2025 financial results, marking its first full quarter of revenue following the NexusBioAg acquisition. The company achieved $3.8 million in sales revenue compared to zero in Q1-2024, with a gross profit margin of 14.3% ($541,221). Financial position shows $2.0 million in cash and $2.4 million in inventory. The quarter saw a net loss of $1.6 million ($0.03 per share). MustGrow expanded its product portfolio through its NexusBioAg platform, securing a five-year exclusive distribution agreement with Adjuvants Plus Inc. and adding three new biological solutions: EZ-Gro Max, EZ-Gro Cyto, and Rootella® mycorrhizal inoculants. The company focuses on growing both its Canadian distribution business and TerraSante™ biofertility sales in the U.S.

MustGrow Biologics Corp (OTCQB: MGROF) has expanded its Canadian product portfolio through NexusBioAg with three new biological solutions. The new lineup includes:

EZ-Gro Max: A next-generation biostimulant with Bio-APP Technology, designed for multiple crops including Alfalfa, Barley, Canola, and others. It features a five-biostimulant stack to enhance foliar nutrition, plant growth, and yield potential while reducing environmental stress.

EZ-Gro Cyto: A four-biostimulant package that helps crops withstand drought, heat, cold, and salinity stress. It's optimized for various crops including Chickpeas, Lentils, and Sunflower.

Rootella®: Mycorrhizal inoculants developed by Groundwork BioAg® that enhance root networks, improve nutrient uptake, and offer fertilizer and water savings while supporting environmental sustainability.

MustGrow Biologics has signed a five-year exclusive distribution agreement with Adjuvants Plus Inc. on February 4, 2025, to distribute Adjuvants' product line across Canada through its NexusBioAg division. The agreement includes First Right of Refusal for U.S. market distribution.

The partnership focuses on four key products, particularly EndoFine® and EndoGuard®, which utilize patented Clonostachys rosea microbial technology for plant health and protection. These products target major crops including corn, soybean, pulses, canola, cereals, fruits, vegetables, and potatoes.

The products have been tested in NexusBioAg's BioAdvantage Trials Program, showing significant yield increases. With regulatory approvals in place, MustGrow plans to launch these products in Canada for the 2025 crop year and begin U.S. trials focusing on fruits & vegetables in California.