More RNS updates to come12 Feb 2022 18:27
I think many on here that like to try and post any negative spin they can possibly think of presumably as they’re shorting the share and would be wise not to forget that we have so many fingers in so many lucrative pies - we are due updates eg on sales of our nanoparticles Hydroponic formula via distribution and PIC.
HYDROPONICS is a fast growing and cutting edge industry so NNN via Pharm2Farm have already got in there with their don’t forget PATENTED formulations. I would think that BOD also would have plans to offer a retail version via DIY garden centres or on exclusive basis with a chain. We were offering pre new company and BOD a home use product version via Amazon.
‘Its patented nanoparticles were said to be of “significant interest” to the hydroponic market, as they had been demonstrated to be an improved alternative to common mineral fertilisers, including ethylenediaminetetraacetic acid (EDTA) chelates, which are known to fall out of solution in the presence of UV light sterilisation.
They also delivered minerals at a higher concentration with increased bioavailability compared to other mineral formats currently used within the industry, resulting in “stronger, healthier” plant growth with higher yields, shorter cultivation times and improved nutritional value.
P2F had worked with the founders of PIC in recent years, initially in developing a powder-based product, with the new water-based ‘nano.10-9’ range set to be more easily incorporated in irrigation systems.
PIC is a new company that was established to sell the range to Global Air Supply, an established distributor to the UK retail hydroponics market, whose customers included competition growers, more general vegetable growers, and plant breeders.
Under the terms of the agreement, PIC would purchase a minimum of 40,000 litres of the eight solutions in the range over the next 12 months, with an expected revenue for the group of around £80,000.
However, that was expected to grow “significantly” as the market became more aware of the benefits of the nanoparticles in plant nutrient ranges.
“We are delighted to have entered into this agreement with PIC which reflects the excellent demand we perceive for Pharm 2 Farm's high-quality nano particles in the hydroponics sector and also demonstrates the breadth of applications where our nano particles can benefit the end-user,” ‘
“We very much look forward to working with PIC to develop the market opportunities for these high-quality nutrients.”
Another part of P2F is the crop enhancement trials in USA and Africa - although these trials obviously take time we are now overdue on update of this too. Imagine just one contract with one USA conglomerate giant growing eg corn - again PATENTED formulation
THAT IS JUST ONE OF THE EIGHT MARKET SECTORS new BOD are GOING AFTER to enhance and grow the SP in the sort to medium term!
IMHO DYOR GLA
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