California Cannabis Growers Now Have Access to Safe and Effective Biopesticides From Marrone Bio Innovations
12 June 2017 - 11:00PM
Marrone Bio Innovations, Inc. (NASDAQ:MBII), (MBI) a leading
provider of bio-based pest management and plant health products for
the agriculture, turf and ornamental and water treatment markets,
today announced that three MBI active ingredients are now legal for
use on cannabis crops in the California market.
Inclusion of these ingredients of products
developed and owned by MBI on California Department of Pesticide
Regulation’s newest posting of “Legal Pest Management Practices for
Cannabis Growers in California,”
(http://marronebioinnovations.com/wp-content/uploads/delightful-downloads/MC-mgmt-practices-092916-DPR-Cannabis-Approved-List.pdf)
has made four MBI products with proven track records in many of
California’s conventional and organic food crops, available to
cannabis growers in California.
“We are pleased to meet the demand by the fast
growing number of cannabis growers in California and many other
states,” said Dr. Pam Marrone, Founder and Chief Executive Officer,
Marrone Bio Innovations. “We are also currently
working with industry experts around the country to develop
cannabis-specific ‘special local need’ labels in states where
it is currently legal to market and sell medicinal and/or adult use
cannabis. Where allowed by state governments, these labels will
provide product use information that is more detailed to cannabis
cultivation practices.”
Marrone added, “We have seen the cannabis
industry quickly emerge as an important segment for MBI. Our
products are transforming cannabis production through the reduction
of toxic chemicals and pesticide residues that are harmful to both
the environment and to people.”
Natalie Darves, CEO of Cougar Acres Consulting
and Lead Outdoor Horticulture Instructor, Oaksterdam University,
commented, “California cannabis growers strive to produce a high
quality and safe product. Since MBI products on the new CADPR
listing are tolerance exempt, use of these pest management tools
will help minimize crop rejection. Proposed cannabis testing
standards prohibit unsafe pesticide residues from unapproved uses
of synthetic pesticides. Since MBI products do not contain
live microbes as active ingredients, I have been able to
significantly reduce crop rejection. Most microbial
pesiticides residues will not pass the stringent microbial
contamination testing standards that exceed standard food safety
testing. These various testing standards are the forefront of
policy issues affecting California cannabis growers today. The MBI
products approved for use on cannabis are valuable and welcome new
tools for California growers.”
Reynoutria sachalinensis extract is the active
component of Regalia biofungicide, bringing outstanding levels of
control of diseases like powdery mildew and leaf spots.
Chromobacterium subtsugae strain PRAA41T is the active ingredient
in Grandevo bioinsecticide and Burkholderia spp. strain A396 is the
active ingredient in Venerate XC bioinsecticide. These two
bioinsecticides provide outstanding control of insects such as
thrips, aphids, mites and white flies. Burkholderia spp. strain
A396 is also the active element in Majestene bionematicide.
MBI products are safe for cannabis growers,
their customers and the environment, and are approved for use in
organic production. Further, these products are exempt from
Maximum Residue Limits (MRL) and offer the flexibility to be used
through point of harvest.
According to recent studies, the legal cannabis
industry in the U.S. could grow to $50 billion in the next decade.
It could expand to more than eight times its current size, as
lawful cannabis suppliers gain new customers and convert consumers
from the illicit market. The recent legalization of cannabis for
adult use in California, where it was already permitted for medical
use, is expected to triple the size of the country’s current $6
billion legal cannabis industry.
About Marrone Bio Innovations
Smart. Natural.
Solutions.Marrone Bio Innovations, Inc. (NASDAQ:MBII)
strives to lead the movement to a more sustainable world through
the discovery, development and promotion of biological products for
pest management and plant health. Our effective and
environmentally responsible solutions help customers operate more
sustainably while controlling pests, improving plant health, and
increasing crop yields. We have five products for agriculture on
the market (Regalia®, Grandevo®, Venerate®, Majestene®, and
Haven™), and also distribute Bio-tam 2.0® for Isagro USA in the
western U.S. MBI also markets Zequanox® for invasive mussels
for water markets. We have a proprietary discovery process, a rapid
development platform, and a robust pipeline of pest management and
plant health product candidates. At Marrone Bio Innovations we are
dedicated to pioneering better biopesticides that support a better
tomorrow for users around the globe. For more information,
please visit www.marronebio.com.
Marrone Bio Innovations Forward Looking
StatementsThis press release contains forward-looking
statements that involve substantial risks and uncertain-ties.
All statements, other than statements of historical facts, included
in this press release regarding strategy, future operations and
plans, including assumptions underlying such statements, are
forward-looking statements, and should not be relied upon as
representing MBI’s views as of any subsequent date. Examples
of such statements include statements regarding sales of the
Company’s products, the potential benefits of the Company’s
products, and MBI’s efforts with respect to expansion of its
product labels in cannabis or other markets. Such forward-looking
statements are based on information available to the Company as of
the date of this release and involve a number of risks and
uncertainties, some beyond the Company's control, that could cause
actual results to differ materially from those anticipated by these
forward-looking statements, including consumer, regulatory and
other factors affecting demand for the Company’s products, any
difficulty in marketing MBI’s products for cannabis, competition in
the market for pest management products, lack of understanding of
bio-based pest management products by customers and growers, and
adverse decisions by regulatory agencies and other relevant third
parties. Additional information that could lead to material
changes in MBI’s performance is contained in its filings with the
SEC. MBI is under no obligation to, and expressly disclaims
any responsibility to, update or alter forward-looking statements
contained in this release, whether as a result of new information,
future events or otherwise.
Marrone Bio Innovations Contact:
Keith Pitts, Senior VP Regulatory and Government Affairs and Chief Sustainability Officer
Andre Trepanier
Product Manager, Fungicides and New Products
Telephone: +1 (530) 750-2800
Email: Info@marronebio.com
MBI Investor Contacts:
MZ Group Main: 949-385-6449
Greg Falesnik
greg.falesnik@mzgroup.us
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