n n n ‘. concat(e. i18n. t(“search. voice. recognition_retry”),’n
VANCOUVER, British Columbia, Nov. 7, 2023 /PRNewswire/ — Lucent Bio, a state-of-the-art agricultural generation company, is pleased to announce that more than $3. 6 million will be provided through PacifiCan as a component of the Productivity and Business Development Program, designed to drive development. From Nutrreos, its innovative generation of seed-based remedies. Nutreos is a biodegradable, microplastic-free seed coating designed to promote strong crop germination, vigour and establishment, supporting the transition from classic agricultural inputs to sustainable alternatives.
The investment received will contribute to the advancement of Nutrreos:
Research & Development: This investment allocates resources to improve Nutroes’ formulations and efficacy as it transitions from a laboratory concept to a field-ready product. This investment ensures that Nutreos remains at the forefront of environmentally friendly seed remedies responses for all growers.
Market expansion: Lucent Bio will use the investment to expand its market presence, making this environmentally friendly seed remedy available to farmers around the world. The expansion efforts aim to give more farmers a sustainable and effective approach to publicizing the status quo and the vitality of crops.
Environmentally friendly production: Part of the investment will go towards ensuring that Nutreos production processes meet environmental sustainability standards. From raw curtain sourcing to manufacturing, Lucent Bio will adopt environmentally friendly practices, contributing to a cleaner agricultural industry.
This announcement follows the official opening of Lucent Bio’s Soileos micronutrient fertilizer plant in Rosetown, Saskatchewan earlier this month, reaffirming Lucent Bio’s project to decarbonize agriculture and bring new clean, sustainable and climate-positive fertilizers to market.
“British Columbia’s agtech sector is developing and leading the way in innovation in spaces such as food processing and soil and crop technology. PacifiCan is committed to working with cutting-edge, growth-ready ag technology companies, such as Lucent Bio. Lucent Bio will increase its go-to-market capacity and optimize its production processes, creating quality jobs and helping to boost B. C. ‘s economy. “- The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (Pacific).
“The business productivity and scale-up program is a game-changer for Lucent Bio as it allows us to expand and commercialize our revolutionary and environmentally friendly seed coating products. With the structure of a new production facility in British Columbia, we are no longer only creating exciting new jobs in the emerging agricultural technology sector, but also taking an important step towards carbon reduction in e-projects in agriculture. This initiative will improve food security and climate resilience, which will have a lasting positive effect on our network and beyond. We are thrilled to be a component of this visionary effort that aligns perfectly with our project as a pioneer in sustainable agricultural solutions. – Michael Riedijk, CEO and founder of Lucent BioSciences.
For more highlights on our sustainable agricultural responses and the latest financial news, visit our online page or contact our media relations team at devon@lucentbio. com. Join us in promoting environmentally friendly agriculture.
About Lucent Bio
Lucent Bio is an idea leader in the sustainable agriculture sector. Our commitment to pioneering innovation has led to the progression of proprietary responses that prioritize environmental sustainability and cost-effectiveness. Our newly patented, non-water-soluble fertilizers are poised to redefine the long term. sustainable agricultural practices. For more information, visit www. Lucentbio. com.
About PacifiCanPacifiCan is the federal economic progress firm committed to the people of British Columbia. PacifiCan works with partners who build cutting-edge companies, create quality jobs, and support inclusive expansion across British Columbia.
For media inquiries, please contact: Devon Simpson778-837-1299368175@email4pr. com
View the multimedia downloadable content: https://www. prnewswire. com/news-releases/lucent-bio-secures-over-3-6m-in-funding-for-scale-up-and-commercialization-of-innovative-microplastic-free-seed-coating-technology-301979577. html
SOURCELucent BioSciences