Black Bird Biotech Inc (OTCMKTS:BBBT) is looking to make a foray into several market segments, via potent, re-imaged biotech products. Its EPA-registered biopesticide, MiteXstream, destroys mites and similar pests while eliminating mold and mildew as well.
Trading Data
On Tuesday, BBBT stock increased by 18.18% to $0.0065 with more than 310K shares, compared to its average volume of 1.2 million shares. The stock moved within a range of $0.0063 – 0.0066 after opening trading at $0.0065.
Black Bird Biotech Provides Update As Global Concern Over Lasting Effects of Widely-Used Traditional Pesticides on Humans, Wildlife Continues to Rise
Black Bird Biotech, Inc. confirmed the registration of MiteXstream in 47 states and D.C., on July 19, 2002. Near-term clearance is expected in Indiana and Florida too, while initial registration in California is set to commence in the first half of 2023. It has recently started the process for obtaining registration in Peru, and further international registration of MiteXstream internationally, including in Canada and the EU, is scheduled to begin during the current quarter.
Fabian Deneault, President of Black Bird Biotech, Inc. has said that reports are received daily about the lingering toxicity of pesticides that have been used all over the world. It is time for an urgent call to action, to handle the pests in a better way. MiteXstream is the solution that is the need of the hour. It is sort of a “pesticide re-imagined” – gentle enough to be totally non-toxic to bees while delivering high efficacy at low cost.
Key Quote
“It seems that every day there is a new report published that highlights the lingering toxicity of the pesticides that have been used all over the world, with these reports being accompanied with an urgent call to action for a better way to handle the pests. MiteXstreamTM answers that call, as a ‘pesticide re-imagined,’ it is ‘gentle’ enough to be completely non-toxic to bees, yet delivers high efficacy at low cost,” said Fabian Deneault, BBBT’s President. The reports on bees are available here and here.
Black Bird Biotech Announces Second Successful MiteXstream Honey Bee Test Results: Not Toxic to Honey Bees When Ingested
In early June of this year, Black Bird Biotech had confirmed that after running additional lab tests, MiteXstream is 100% non-toxic to honey bees, after they ingest the biopesticide. The results were announced after it was determined that the product tested as non-toxic to honey bees when contacted topically.
The high efficacy and cost-effectiveness will grant the company leverage as they look forward to expanding sales channels. The findings certainly demonstrate the game-changing capabilities that MiteXstream brings to the many facets of the agricultural industry.
Being the world’s most important group of pollinators, bees are a crucial part of agricultural production and natural ecosystem function. Black Bird Biotech is proud of its MiteXstream product which is both an effective means of controlling pests, including spider mites (a lethal pest in cannabis, grapes, hops, coffee, strawberries, and many other agricultural crops), molds and other harmful agricultural issues, without being harmful to honey bees.
As per Fortune Business Insights, the Biopesticides Market is estimated to be worth $10.63 billion by 2027, with a CAGR of 13.1%, a growth that will be boosted by rising research activities to develop new microbial products.
Technical Data
BBBT stock is trading below the 20-Day and 50-Day Moving averages of $0.0068 and $0.0078 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0137. The company has a total market capitalization of $1.98 million. The stock is down 26% over the past month.
