Aug 2022

microTERRA Investors,

August was a good month! Seeing microTERRA being named as one of the Impact 100 list on the NASDAQ billboard in Times Square was epic.

We couldn’t be prouder to be recognized among such important companies—only our team and you know the real struggle behind the scene. And we take this important recognition as fuel to keep going, reminding us of the mission.

Now, more than ever, we need to figure out how to produce food without damaging our planet!

microTERRA listed in Impact100 by Norrsken in Times Square

🚀 Highlights

• One of the most important hires so far, Raúl de Córdova is our new Head of operations. His expertise will take us to the next level.
• We signed a co-development with Heartbest and Plantsquad for our binder ingredient.
• We are growing Lemna with Biol at a 3,000m2 scale. New technology unlock!!!

<aside> 📈 KPIs

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Financial Metrics

Money in the bank: $2,118,000

Monthly burn rate: $87,000

Projected runway: 15 months

Headcount: 19

Full time: 14

Performance Metrics

Lemna surface: 4,825 m2

Production capacity: 300 Kg/month

Decoloured Lemna: 2 kg / month

Heads hired: 2 / 4

Patent filed: 0 / 2

Working with pectin in the lab