MustGrow Biologics (MGRO) investor relations material

Market opportunity and positioning

• Biologicals market expected to reach ~$20B, with mid-teens CAGR over the next ~5–8 years, within a $380B global market for chemicals, fertilizers and biologicals.

• Consumer interest in food production and farmer demand for additional solutions are supporting biologicals’ growth across a broad range of technologies.

• TerraMG and TerraSante are positioned as science-backed products; adoption depends on demonstrating field performance and value to growers.

• Biologicals are framed as complementary tools in integrated pest management, alongside chemistry, seeds and fertilizers, rather than standalone solutions.

EMEA partnership and market fit

• Europe is a priority for biologicals amid stricter regulation, fewer chemical crop-protection options and restrictions on synthetic fertilizers; high-value fruit and vegetable crops are a focus.

• Regional consumer demand and regulatory pathways distinguish Europe from North America; local expertise and resources make Bayer a key route into EMEA markets.

• Bayer contributes scientific testing, field validation and region-specific regulatory expertise, supporting international development and commercialization.

• Bayer sees biologicals as part of farmers’ broader toolkit for crop protection, performance and more responsible food systems; partnerships can help scale solutions to more growers.

TerraMG evaluation and progress

• A technical milestone confirmed TerraMG formulation compatibility with European farming practices and standard application equipment, with effective handling and application.

• Field studies under real conditions confirmed meaningful disease control, with assessment focused on soil-borne diseases.

• Bayer’s nearly two-year pre-partnership evaluation included lab and greenhouse tests, field trials, EU regulatory feasibility and intellectual-property assessment; the commercial agreement followed in Dec 2023.

• Bayer highlighted TerraMG’s fit with demand for effective biological alternatives to address nematode-related crop yield and quality losses, particularly in fruits and vegetables.