Dear MVMD Shareholders,
I hope this email finds you well. I wanted to personally reach out to share some details around the exciting news we announced earlier this morning in MVMD’s press release.
I am very pleased to advise that MVMD has acquired the exclusive license and distribution rights for the Agrarius™ technology across Canada and the USA, Mexico, South America, Central America, and the Caribbean. We will also retain our global non-exclusive rights outside of this exclusive territory.
For those of you who have been following our progress, you will know that Agrarius™ is a certified organic technology designed to naturally increase yields, while reducing the need for fertilizers and pesticides. We believe Agrarius™ has the potential to revolutionize the industry and unlock a future where sustainable and bountiful harvests are the norm.
Securing exclusive rights to distribute and sell the Agrarius™ product in these regions is a tremendous accomplishment and effectively positions MVMD as a key player in the agricultural market. This deal allows us to pursue intentional avenues for investment and growth without having to navigate the complexity of additional Agrarius™ sales channel competitors.
In addition to the acquisition of the exclusivity license, we also announced a unique Agrarius™ Performance Guarantee Program that we are moving forward with. Under this program, farm operations in the United States will have the opportunity to pay for the Agrarius™ product only after it has achieved a minimum agreed performance enhancement on the targeted crop.
We want to ensure that our interests align closely with those of our farming partners, which is why this unique pay-for-performance model is designed to guarantee optimized crop performance while reducing the risk for our clients. I truly believe this approach fosters transparency and trust that is often lacking in the industry, fully aligning our mutual objective to see their success come to fruition from their farmland.
The deal framework we finalized for the exclusive territory license fee was valued at USD $1,325,000 and we elected to pay the transaction with a mixture of MVMD shares at a deemed market value of 6.5 cents per share and the remaining amount of USD $240,000 cash. This not only was a great way to preserve our cash, but also aligns both of our organizations towards the mutual goal of creating long term shareholder value.
I encourage you to read the full details in our press release, available on our website MVMD.com
Thank you for joining us on this exciting journey as we shape a world where innovation and progress are the driving forces behind a better tomorrow. With Agrarius™, we believe in a future where every harvest is a testament to the remarkable potential of science and nature working hand in hand.
