May 2022

microTERRA Investors,

Exciting highlights, lots of movements, picturing the next pilots, and focusing on bringing the team together. We hope you enjoy this update.

Part of our team at the office.

🚀 Highlights

• We were recognized by the WEF as a technology pioneer.
• We visited farms to assess the best candidates for our next pilots.
• Marissa presented at the Climate: Aspen Ideas Festival.

💬 Asks

• We are looking for Admin mentors to optimize how we do internal controlling and financial reporting. Please let us know if you know someone.
• In budget planning, we are adjusting our budget to the current fundraising landscape. If you have guidance, methodologies, or best practices on how to make the tough budget decisions, we would love your insights.

<aside> 📈 KPIs

</aside>

Financial Metrics

Money in the bank: $2,217,000

Monthly burn rate: $63,000

Projected runway: 22 months

Headcount: 15

Full time: 10

Performance Metrics

Lemna surface: 2,825 m2

Production capacity: 150 Kg/month

Decoloured Lemna: 55 kg / month

Heads hired: 1 / 4

Patent filed: 0 / 2