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Be the first with the news that moves the market- Bee Vectoring Technologies (TSXV:BEE) has received strong product endorsements from blueberry growers in the US state of Georgia
- The growers reported high fruit set and low fruit drop, after using BVT’s agricultural system
- Many growers also indicated that they would continue to use BVT’s product in future
- The company is now waiting to hear the results of the berry season in the Pacific Northwest
- Before the market opens, Bee Vectoring Technologies (BEE) is trading for $0.44 per share, with a market cap of $37.62 million
Bee Vectoring Technologies (TSXV:BEE) has received strong product endorsements from blueberry growers in the US state of Georgia.
Various growers in the area have been trialling the use of BVT’s proprietary crop protection system.
Traditionally, commercial farmers will use chemical pesticide sprays to control disease in their crops. BVT’s agriculture system uses commercially grown bees to deliver organic pesticide alternatives to the blueberry flowers instead.
A number of the growers have provided glowing testimonials about the product, since Georgia’s blueberry blooming season has ended. In particular, they reported notably high fruit set and low fruit drop, which are early indicators of a high-yield harvest.
Winn Morgan, Co-founder of Major League Blueberries, said that BVT was positively impacting MLB’s blueberry operations.
“We had very high fruit set, despite poor weather conditions at times. 2020 will definitely be the highest production year for us. We will continue to use BVT for years to come,” Winn said.
John Bennet of Alma Sunbelt Blueberries farms 355 acres of highbush and rabbiteye blueberries, and trialled BVT’s system.
“We are very pleased and encouraged with the results on our highbush farm. We are going to use the BVT system next year,” he said.
Bee Vectoring Technologies’ CEO, Ashish Malik, commented on the strong endorsement from Georgia’s blueberry growers.
“We are hearing from growers like MLB and Alma Sunbelt that BVT’s natural precision agriculture system is mitigating the long-standing issue of early fruit drop in highbush blueberries.
“The Georgia growers who piloted our system this season farm on a combined total of about 3,000 acres. Most are first-time users. Based on this initial success, we anticipate they’ll progressively add BVT across their entire operations over the next two to three seasons,” he said.
BVT is now waiting to hear the result of trials during the berry season in the Pacific Northwest. Yield reports will be compiled after harvesting finishes in each region, as it progresses across the US.
Before the market opens, Bee Vectoring Technologies (BEE) is trading for $0.44 per share, with a market cap of $37.62 million
