By Ian Gilson, PhD,
CFA
NASDAQ:MBII
READ THE FULL MBII RESEARCH
REPORT
Marrone Bio Innovations (MBII) has
announced that Regalia Maxx has received label approval from
Canada's Pest Management Regulatory Agency for use on marijuana
(Canadian:marihuana) crops in Canada.
A new distributor, Plant Products Inc., has Regalia Maxx listed on
its web site as Item # 21137 available in 5L containers. Plant
Products Inc . has distribution rights for Eastern and Central
Canada and a distributor for Western Canada is expected to be
announced in the near future.
Plant Products Inc., with HQ in Leamington, Ontario, is 75 year old
full service supplier of products to the greenhouse and
horticulture industry in Canada and the USA.
According to the Vineland Research and Innovation Centre biocontrol
use in Canada has increased from 69% in 2014 to 92% of the growers
in the survey. The number of growers using biocontrol in their
integrated pest management has increased from 30% to 70 from 2014
to 2018. Growers have reduced their spending of conventional
pesticides over this period.
Regalia is a fungicide that is very effective against powdery
mildew, a major pest in marijuana plants. Another major pest in
greenhouse cultivation is spider mites and MBI's Venerate product
combats this pest. Venerate is registered in Mexico but not
Canada.
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