- Bee Vectoring (BEE) has secured its first California sale with a producer for a global berry company
- The client will apply Bee Vectoring’s biological fungicide to a portion of its strawberry and raspberry crops with potential expansion to blueberries in the fall
- Bee Vectoring has demonstrated that its system can offer an ROI of 10x or higher for specialty crops such as berries
- Bee Vectoring Technologies offers biological pesticide alternatives using commercially grown bees
- Bee Vectoring (BEE) is up by 5.56 per cent trading at $0.19 per share
Bee Vectoring (BEE) has secured its first California sale with a producer for a global berry company.
The producer will receive the company’s Vectorite with CR-7 (Clonostachys rosea CR-7) biological fungicide and precision agriculture system to apply to a portion of its strawberry and raspberry crops.
The client, based in the Watsonville and Salinas area, tested BVT’s system with a successful reduction in fungal disease resulting in higher quality yield.
The company is in discussions with the producer to expand the order to its blueberry crop by the fall.
Bee Vectoring has demonstrated that its system can offer an ROI of 10x or higher for specialty crops such as berries.
California is the U.S.’s largest berry market representing 30 per cent of the country’s berry acreage.
“This first sale milestone is a key component of BVT’s strategy to expand into the state of California, which is the largest growing region and our most significant market opportunity in North America,” said Ashish Malik, Bee Vectoring’s CEO. “The opportunity in California includes several crops with an overall growing season which spans up to 10 months of the year, thus representing significantly larger and more diversified annual revenue streams for BVT.”
Bee Vectoring Technologies offers biological pesticide alternatives using commercially grown bees.
Bee Vectoring (BEE) is up by 5.56 per cent trading at $0.19 per share as of 11:21 am EST.
