RE:Lots of positive info in MD&AJanuary 31, 2024 – the Company announced that a major multi-national grower is conducting demonstration trials in Mexico with BVT’s proprietary Vectorite with CR-7 (Clonostachys rosea CR-7) biological fungicide and natural precision agriculture system. “Collaborating with enterprise-sized growers with large-scale operations in multiple key growing countries is critical to BVT’s overall strategy to further validate the value the BVT system brings to growers at a multi-crop and multinational level and demonstrate its scalability potential,” said Ian Collinson, Sales Manager at BVT. This multi-national grower is a key producer of blueberries, raspberries, blackberries and table grapes in Mexico. They have over 5,000 hectares worldwide for the production of berries, with additional operations in the US, Peru and Morocco. After the initial honeybee system trials in their Mexican operations, there is opportunity to expand BVT trials to the other countries. “These are paid demonstration trials initiated by the grower, an early technology adopter interested in BVT,” continued Mr. Collinson. “They are a very forward-thinking and technically advanced organization – securing them is a strong endorsement of BVT’s system. They are keen to evaluate BVT’s potential in helping them provide high quality fruit for the domestic and export markets.” The BVT trials are staggered to the start of bloom time for each berry crop. They commenced last September with the start of blackberry and raspberry bloom periods, moved to blueberry in November, and lasts into early 2024. Trial data is being collected at each crop’s harvest time and the grower is currently evaluating for yield performance and percentage of fruit spoilage with BVT and the grower standard applied versus the grower standard used alone. Geographic expansion is a key element in BVT’s ongoing corporate expansion strategy. BVT’s registration dossier was submitted to regulatory authorities in Mexico in April 2022, and BVT continues to build and expand strategic relationships with Mexican growers. This newest relationship with a multi-national grower with operations in Mexico is a vital step in the Company’s continued development.