Feb 2023

microTERRA Investors,

Last month we launched our application department, and as we advanced in the extraction process, the inclusion of it in final formulations to kick off our external co-developments at the end of the month. Our leadership team is more consolidated every time.

Exciting lab days working on applications.

🚀 Highlights

• We welcomed 3 new team members: Process, Business Development, and Company teams
  • Paulina Mosqueira as HR business partner
  • Paola González as Business developer Jr
  • Jimena Gómez as Process Engineer Jr
• We decided to close Veracruz farms and focus on expanding Queretaro, this will allow us to have a leaner operation and consistent production.

<aside> 📈 KPIs

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Financial Metrics

Money in the bank

USD $1,830,507

Monthly burn rate

USD $96,281

Projected runway

17 months

Performance Metrics

🧪 Lemna Science

• % Pectin in the lab: 23%
• Patent filed: 0 / 1

🌱 Lemna Production

• % Pectin in the field: 21
• Efficiency g/m2/day: 135

⚙️ Process

• Variability in humidity:22%
• Drying capacity: 25 Kg/h
• External matter: 11 %