Bullboard - Stock Discussion Forum MustGrow Biologics Corp V.MGRO

Alternate Symbol(s): MGROF

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MustGrow Biologics Corp. is a Canada-based agricultural biotechnology company. The Company is engaged in developing natural biological products derived from mustard seed to support sustainable farming. Its solutions provide alternatives to banned or restricted synthetic chemicals and fertilizers, promoting organic farming and soil health improvement. The Company develops mustard-based organic... see more

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TSXV:MGRO - Post Discussion

MustGrow Biologics Corp > Private Placement, Gluskin Family Investment in #MGRO

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Post by Thrasymachus on Sep 29, 2021 8:00am

Private Placement, Gluskin Family Investment in #MGRO

https://www.newsfilecorp.com/release/97911

Today’s news release is huge: #MGRO has (i) been de-risked financially, (ii) will now have more working capital to advance field trials, regulatory approval and commercialization, and (iii) will be in a stronger negotiating position in any potential buyout scenario. All great news.

Also, and this is huge, is the securing of the Gluskin family as investors. The Gluskin’s are one of the richest families in Canada. Gluskin & Sheff, the wealth management firm, was bought by Onex in 2018 for half a billion. Gluskin is a blue-chip investor, so the family’s seven figure investment in MGRO is notable vote of confidence in the executive team. This is gold-plated, Bay Street validation of MGRO’s technology and economic potential. This may open the door to other family offices and institutional investors takin a position in MGRO.

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