Agricultural biotechnology company Terragen Holdings (ASX: TGH) is reporting sales up 45 per cent as it increases distribution of its two launch products.
The Queensland company, which raised $20 million on listing, produces microbial-based treatments and feeds at its Coolum plant.
The company reported sales up until November of its Great Land microbial soil conditional and Mylo microbial feed supplement were 45 per cent up on the previous year.
Growth is accelerating as the company adds distribution partners and completes training of sales staff.
Terragen products are now sold through 16 agricultural and retail groups, with 773 retail outlets stocking its products.
The company”s philosophy is to produce microbial products to reduce reliance on chemical-based fertilisers, pesticides and antibiotics.
The company’s third and fourth products are Lactolin, a teat conditioner for udders of lactating farm animals, and Halo an anti-inflammatory for dairy cattle with mastitis..
Trials in California of Lactolin and Mylo will begin soon, along with the company’s market entry into the US.
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