EarthRenew Releases a Letter to Shareholders from the CEO - Seite 2

As well, we obtained a facility permit extension from the Ministry of Alberta Environment and Parks and began an analysis of a new facility design at the Strathmore site designed to allow us to produce 10 tonnes of product per hour.  The renewal for this approval comes up again in the fall and we are already well into the process of applying for continuing approval.

With facility planning well underway, and all permits and approvals in progress, our attention has turned toward validating some of the historical field trials that were conducted when the facility was first built in the early 2000s and developing future formulations for our organic bio-fertilizer offering. New formulations can provide several benefits, namely the ability to service a broader range of crops. We have recently completed new product formulation testing with CCm Technologies Ltd., a leader in CleanTech in the UK, that we expect will allow us to significantly increase the nitrogen content of our product and give us a unique competitive advantage in the market as few other players offer an organic fertilizer with a very high nitrogen component.

We have also incorporated softwood biochar into our base formulation and are able to offer this new odor-free version of our product for customers who are sensitive to this need.

In addition to investigating new formulations, our plan is to commence field trials and greenhouse trials this spring with academic partners who can assist with yield studies and offer us introductions to partners who can become customers and advocates of our product.  These field trials are built upon a strong history of trials from the Company’s prior iteration.  We intend to initially focus on the base formulation (original) and then shift to new formulations that we anticipate can offer value to crops with varying nutrient needs. Beginning In the 2^nd quarter of 2020, and finishing at the end of the growing season, we intend to initiate field trials on broadacre and specialty crops.  We plan to grow our understanding of crop yield in a variety of real-world scenarios. At the same time, we will also begin greenhouse studies that will help us understand germination rates of crops in a potted setting which can give an indicator of plant vigor.  Successful field trials are projected to represent an inflection point as they are expected to give us the information we need to determine which organic fertilizer products to bring to market in the spring of 2021.