U.S. markets closed
  • S&P 500

    4,397.94
    -84.79 (-1.89%)
     
  • Dow 30

    34,265.37
    -450.02 (-1.30%)
     
  • Nasdaq

    13,768.92
    -385.10 (-2.72%)
     
  • Russell 2000

    1,987.92
    -36.12 (-1.78%)
     
  • Crude Oil

    84.83
    -0.72 (-0.84%)
     
  • Gold

    1,836.10
    -6.50 (-0.35%)
     
  • Silver

    24.34
    -0.37 (-1.50%)
     
  • EUR/USD

    1.1355
    +0.0037 (+0.33%)
     
  • 10-Yr Bond

    1.7470
    -0.0860 (-4.69%)
     
  • GBP/USD

    1.3546
    -0.0055 (-0.40%)
     
  • USD/JPY

    113.6550
    -0.4450 (-0.39%)
     
  • BTC-USD

    35,767.73
    -3,404.53 (-8.69%)
     
  • CMC Crypto 200

    870.86
    +628.18 (+258.85%)
     
  • FTSE 100

    7,494.13
    -90.88 (-1.20%)
     
  • Nikkei 225

    27,522.26
    -250.67 (-0.90%)
     

MBII: Marrone now covers two of the largest areas of organic cannabis cultivation in N. America.

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • MBII

By Ian Gilson, PhD, CFA

NASDAQ:MBII

READ THE FULL MBII RESEARCH REPORT

Marrone Bio Innovations (NASDAQ:MBII) has announced that it has received the first approval of the use of REGALIA MAXX biofungicide for the use on cannabis and hemp (hemp and marijuana are two varieties of the same plant cannabis sativa) in Canada.

Cannabis is susceptible to powdery mildew. It can destroy complete crops and increases the plant’s vulnerability to other diseases. It spreads very quickly if not treated as soon as it is detected. The early use of REGALIA MAXX strengthens the plant and prevents mildew from spreading.

Cannabis is legal in Canada. Its growth is highly regulated and may be considered to be a food or drug. Most of it is certified as organic and chemical treatment options are limited.

REGAILA also has approval for use on cannabis in California USA, which has the largest acreage of organic farming in the Unites States.

Continued acceptance of its products in new areas and on new crops should shield Marrone Bio from the impact of COVID-19. The first steps are regulatory approval.

SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. 

DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks provides and Zacks receives quarterly payments totaling a maximum fee of $30,000 annually for these services. Full Disclaimer HERE.