Bee Vectoring Technologies International Inc BEVVF

Primary Symbol: C.BEE

Chemicals Basic Materials

Bee Vectoring Technologies International Inc. is a Canada-based agriculture technology company. The Company is focused on the control of pests and enhancement of crops and ornamentals through the use of biological controls in a variety of application processes. It operates a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray applications by delivering biological pesticide alternatives to crops using commercially grown bees. Its technology, precision vectoring, is completely harmless to bees and allows minute amounts of naturally derived pesticides (called biologicals) to be delivered directly to blooms, providing improved crop protection and yield results than traditional chemical pesticides and improving the health of the soil, the microbiome and the environment. Its solutions help growers improve quality in numerous crops, such as strawberries, sunflowers, apples , tomatoes , canola, blueberries, and other crop.

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Bee Vectoring Technologies International Inc > 400,000

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Comment by Robr15on Jan 31, 2022 11:29am

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Post# 34378707

RE:400,000

It's very early days. This except from the MD&A might help. It's the trend that's important. I like the fact they seem to be retaining all their customers

2020/21 season: The Company is seeing accelerated growth as it continues to commercialize its proprietary crop productivity tool as revenue increased by 47% in USD terms (which is how the company invoices its customers) for the 12 months ended September 30, 2021 compared to the same period in the previous fiscal year (see table in Results of Operations). This represents growth and progress made in the Southeast berry market, first time revenue in Michigan, New Jersey and the Pacific Northwest, and first trials secured in California. The Company now has over 40 customers across the US who have used its solution commercially and has begun sales of its new dispenser system for honeybees.

BVT secured 24 grower deals for the 2021 blueberry growing season in Georgia and the Carolinas, the Company’s second season selling commercially following EPA approval in August 2019, and its largest market currently. This includes a 100% customer retention rate, with all 11 growers from the last growing season committing to using BVT again in the next growing season, plus thirteen new grower customers secured. This shows the strong impact that BVT’s natural precision agriculture system has for growers, and the momentum that it has achieved in just two selling seasons.