February 2022

microTERRA Investors,

This year is moving very fast. We are excited that things are moving along, we are very proud of our team, and see them so engaged, at the same time we have a constant feeling that we have too much on our plates. We decided to focus on hiring our management team, creating a high quality management team will be key for us to achieve our ambitious milestones.

One of our new two farms, Bofish

🚀 Highlights

• We launched our first capacity building unit, to test our remote training hypothesis.
• We finished a very important market study that is helping us assess more opportunities in different types of farms, with different technologies.
• We have assembled our entire process line in La Obsidiana farm.

💬 Asks

• We want to recruit the best talent possible and want to use your amazing connections to get them. Please find here the job posting.
• I will be at World Agri-tech and Future of Food Conferences in SF, March 22nd- 25th. Let me know if you are around, I would love to meet.

<aside> 📈 KPIs

</aside>

Financial Metrics

Money in the bank: $1.9 M

To be wired: $400K

Monthly Burn Rate: $75 K

Projected Runway: 21 months

Headcount: 17

Full time: 12

Performance Metrics

Lemna surface: 2700 m2

Production capacity : 200 Kg/month

Decoloured Lemna: 1040g / month

Heads hired: 1 / 4

Patent filed: 0 / 2