en.Wedoany.com Reported - MustGrow Biologics will close its Canadian distribution subsidiary, NexusBioAg, on April 15, officially exiting the low-margin business of reselling third-party agricultural inputs.
NexusBioAg primarily distributes third-party agricultural products in Canada, where intense price competition in its market segment has kept profit margins low for an extended period. MustGrow has decided to liquidate its remaining inventory and complete sales through existing channels over the coming months. The company's strategic focus has fully shifted to the production and sale of its higher-value proprietary brand, TerraSante.
To support its U.S. market expansion, MustGrow completed a $2 million equity financing in January and secured a $2 million credit facility from the Canadian Imperial Bank of Commerce, guaranteed by Export Development Canada. Unlike capital-intensive factory construction models, the company adopts a light-asset model relying on third-party manufacturers, enabling rapid scaling of TerraSante production capacity to meet excess demand from major U.S. growers in 2025.
TerraSante is an organic bio-fertilizer derived from mustard, currently registered for sale in California and Florida, and certified by OMRI and the California Organic Input Materials Program. Early field data indicates the product has significant effects on improving soil conditions and enhancing crop performance.
This business restructuring marks MustGrow's transition from a broad agricultural input distributor to a specialty bio-fertilizer supplier. The company is evaluating international partnership opportunities, planning to introduce TerraSante to the global market, including reviving previous cooperation discussions with Bayer. With the divestment of its low-margin Canadian operations, MustGrow will concentrate resources on consolidating its market position in the U.S. biostimulant sector.
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