Mountain Valley MD Holdings Inc. (the “Company” or “MVMD”) (CSE:
MVMD) (OTCQB: MVMDF) (FRA: 20MP) is pleased to provide a 2024
year-end business update on its commercialization progress across
its three core areas of focus:
- Nutraceuticals – Innovations through the Company’s
Quicksome™ technology, designed to improve the administration and
efficacy of nutraceutical health and wellness products;
- Agriculture – The Company’s licensed Agrarius
agricultural plant signaling technology, designed to organically
drive increased crop yields, reduce fertilizer and pesticide usage
where desired, and enhance plant health; and
- Husbandry Animals/Aquatic Species – The application of
solubilized drug formulations through the Company’s Quicksol™
technology, designed to positively impact the health of husbandry
animals and aquatic species.
"This has been a significant year for MVMD, and I am pleased
with how our team and partners have executed on our strategic
objectives,” stated Dennis Hancock, President & CEO of Mountain
Valley MD. “We have significantly advanced the commercialization of
our technologies, strengthened our manufacturing and distribution
relationships, and expanded our geographic footprint. Our efforts
are now translating into marketable products and early initial
revenues, and we believe 2025 will be a year of continued growth
and meaningful results for our shareholders.”
NUTRACEUTICALS
Quicksome™ Technology and Business Development
Progress
MVMD's patented liposomal Quicksome™ technology uses proprietary
formulations and stabilizing agents to encapsulate active
ingredients with the goal of optimizing molecule delivery in
sublingual nutraceutical applications. The Company’s Quicksome™
technology is currently focused on delivering molecules where
enhanced efficacy, precise dosing, reduced variability, and dose
sparing are valued.
“As our formulators continue to work across different product
value propositions, the benefits of the Quicksome™ technology for
dose sparing is particularly evident in the reduction of
manufacturing costs, often using up to one-seventh of a target
molecule versus what might be used in more traditional orally
consumed products,” stated Mr. Hancock. “We believe Quicksome’s™
dose sparing benefits are becoming increasingly relevant as
consumers are more aware and careful about what they put in their
bodies.”
In line with MVMD’s nutraceutical GMP manufacturing product
strategy, the Company had entered into a license agreement with its
selected third-party lead production partner in the United States
(the “Lead Manufacturer”), as previously disclosed. Under this
approach, the Lead Manufacturer produces nutraceutical products
based on or embodying MVMD’s proprietary technologies for MVMD’s
current and future licensees, and for MVMD’s own “Mountains Of…”
brand as needed.
The Company is actively working with the Lead Manufacturer on
multiple proprietary formulation projects. Notable among these
are:
- Opioid Use Disorder (OUD) Adjunct Therapy: MVMD, working
with its Lead Manufacturer, has developed a proprietary OUD
formulation using MVMD’s technology. Sublingual tablet samples were
formulated for a U.S. biotech client and are currently ready for
manufacturing to support anticipated human trials in 2025. The
client is coordinating the design and implementation of OUD
clinical trials, focusing on adjunct therapy to reduce opioid
cravings and relapses.
- Fenugreek Glycosides Testosterone Product: MVMD has
formulated a novel sublingual fenugreek glycosides testosterone
product with the Quicksome™ technology to promote increased
testosterone levels in users, potentially supporting muscle mass,
strength, energy, vitality, libido, and sperm production. The
testosterone product was developed based on business development
discussions with a U.S. client in collaboration with the Company’s
Lead Manufacturer. The testosterone product that embodies MVMD’s
Quicksome™ technology is currently being tested in male human
subjects, where timed blood tests clinically measure the production
of free testosterone and testosterone in participants.
Circadian Wellness License Agreement and Product
Expansion
Under the Company’s license agreement with Circadian Wellness
Corp. (“Circadian”), the Company’s Quicksome™ technology is being
applied to functional mushroom-based products. Initial product
formulation work and dissolution testing have been completed and
accepted by Circadian for its Eons branded product line, including
formulations for sleep, energy, immunity, and anxiety-reducing
products.
Circadian has launched two mushroom-infused sublingual products
under their Eons brand that embody MVMD’s Quicksome™ technology,
Eons Deeper Sleep and Eons Dialed. The Eons Dialed product, a novel
anxiety-reducing, calming product, was recently introduced to the
U.S. market in the fourth quarter of 2024. Circadian expects to
continue creating and introducing new product SKUs that embody
MVMD’s technology under its Eons brand on an ongoing basis in the
U.S. marketplace. MVMD had previously received formulation and
royalty advances from Circadian and anticipates that Circadian will
begin reporting and making royalty payments starting in the first
quarter of the 2025 calendar year.
“Mountains Of…” Proprietary Brand
MVMD’s “Mountains Of…” product line has received trademark
protection in the United States for multiple product categories
(Sleep, Energy, Relief, Libido, Lean), as well as for the
overarching “MOUNTAINS OF…” brand. This positioning allows the
Company to pursue additional nutraceutical distribution
partnerships. The Lead Manufacturer is prepared to support
“Mountains Of…” product manufacturing for partners who wish to
leverage these formulations or co-develop new solutions.
AGRICULTURE
Agrarius Business Development and Market Expansion
“We continue to work hand-in-hand with some of the largest
agricultural brands in the world who are effectively working with
our agronomists to evaluate the Agrarius product performance across
a variety of key crops,” continued Hancock. “The implications of
our business development pipeline and partnership approach are key
contributors towards our goal of creating long-term shareholder
value.”
Since executing an Amended and Restated Supply and License
Agreement (the “Agreement”) with Agrarius Corp. (“AC”) in April
2024, MVMD has made significant strides in commercializing
Agrarius. The updated Agreement with AC was primarily for the
Company to acquire an exclusive license to sell AC’s agricultural
plant signaling technology in North America, Mexico, South America,
Central America, and the Caribbean (the “Exclusive Territory”),
while retaining its global non-exclusive rights outside of the
Exclusive Territory.
The product, designed to naturally increase crop yields, reduce
fertilizer and pesticide requirements where desired, and bolster
plant resilience, is now officially saleable in the European Union,
Canada, Colombia, Brazil, Panama, Peru, and in 44 U.S. states.
Additional state approvals in the U.S. and product registrations in
Costa Rica, Uruguay, Chile, Mexico, and South Africa are
pending.
In line with Panamanian Agrarius product registration obtained
in early December, 2024, the Company is negotiating a supply
agreement with a distributor who currently provides agricultural
products nationally in Panama.
“Obtaining the Agrarius registration for Panama in early
December, 2024 was timely as we look to scale our commercialization
success in 2025,” continued Mr. Hancock. “Our Agrarius inventory is
managed with our Panamanian distribution partner, so this
registration was important on many fronts as we facilitate product
logistics and shipments throughout Latin America.”
The Company has also recently completed its first product import
trial process run from its Panama distribution facility into
Brazil, where extensive coordination was required to facilitate the
necessary inspection and customs clearance. Finalizing the trial
import process for the Agrarius product into Brazil was a key
requirement to allow larger scale shipments of Agrarius that are
anticipated in 2025.
MVMD had previously announced as part of the updated Agreement
with AC, that the Company has implemented a performance guarantee
program (the “Performance Guarantee Program”) initially targeting
farm operations in Canada and the United States. Under this
program, contracted clients only pay for Agrarius product if a
minimum agreed performance threshold is met after application to
their crops. A goal of the program is to minimize trialing
hesitation that is common with farmers with regard to the
application of new agricultural products to their crops. The
Company has contracted with farming clients under the Performance
Guarantee Program in the states of Montana and Illinois, U.S. and
in the province of Alberta, Canada to conduct a trial application
of Agrarius during the 2024 season.
To support the global monitoring and management of Agrarius
applications as the business scales, the Company has contracted
with a global satellite management company who provides visual
references via GPS coordinates such as normalized difference
vegetation index (“NDVI”) that allows visual comparison from
Agrarius treated areas versus untreated control areas.
The data collected under the Performance Guarantee Program
confirmed the benefits of Agrarius in contributing to increased
crop yields and/or overall plant health and reducing trialing
hesitation for key farming partners. As a result of the trial
program in North America, the Company has agreed to expand the
markets for the Performance Guarantee Program with AC to now
include key markets in Latin America. The Company is in the process
of invoicing contracted farms for the Agrarius product used and
this revenue is anticipated in the first quarter of the 2025
calendar year.
HUSBANDRY ANIMALS / AQUATIC SPECIES
Soluvec™ 1% Product Progress in Bangladesh and Beyond
MVMD’s Quicksol™ technology has been successfully applied to the
drug Ivermectin to create its Soluvec™ 1% product formulation. In
Bangladesh, MVMD’s licensee has completed initial sales and
distribution of approximately 100 tonnes of Soluvec™ 1% coated fish
feed, despite progress being slowed by disruptions following
Cyclone Remal in May 2024. With the market stabilizing,
manufacturing of Soluvec™ 1% coated feed recommenced in November
2024, and the licensee anticipates ongoing manufacturing and sales
activity through 2025. The licensee is also exploring broader
husbandry applications to diversify beyond aquatic species.
Global interest in Soluvec™ remains positive in management’s
view. MVMD continues to explore licensing opportunities in other
key markets and has filed for patent protection in 12 additional
markets outside of the United States, including Canada, China,
India, Mexico, Sri Lanka, Thailand, Philippines, Malaysia, Brazil,
Peru, Argentina, and Chile. The Company’s published peer-reviewed
study data in the journal Therapeutic Delivery supports the
improved bioavailability, efficacy, and potential cost savings of
Soluvec™ for both animals and potentially human health
applications.
ABOUT MOUNTAIN VALLEY MD HOLDINGS INC. Mountain Valley MD
is building a world-class organization centered around the
implementation, licensing and reselling of key technologies and
formulations:
- patented Quicksome™ oral formulation and delivery
technologies,
- patented Quicksol™ solubility formulation technology
- licensed product reseller of Agrarius™, a novel agricultural
plant signaling technology
Consistent with its vision towards “More Life”, MVMD applies its
owned and licensed technologies to its work for advanced delivery
of molecules for human and husbandry animal applications, including
the development of products for pain management, weight loss,
energy, focus, sleep, anxiety, and more. Additionally, MVMD’s work
with Agrarius is focused on generating a positive impact on crop
yields and reducing fertilizer usage.
MVMD’s patented Quicksome™ technology utilizes proprietary
formulations and stabilizing molecules to encapsulate and formulate
active ingredients into highly efficient product formats. The
result is a new generation of product formulations that could be
capable of delivering nutraceutical and drug molecules into the
body faster, with greater impact, efficiency and accuracy.
MVMD’s patented Quicksol™ technology covers all highly
solubilized macrocyclic lactones that could be effectively applied
in multiple viral applications that could positively impact human
and animal health globally.
MVMD’s licensed Agrarius™ agricultural plant signalling
technology is designed to be applied to crops to naturally increase
yields, reduce fertilizer usage, and increase general resilience to
pests and climate change.
For more Company information and contact details, visit
www.MVMD.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Certain statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions. Forward-looking
information involves known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
information.
The Company's actual results could differ materially from those
anticipated in this forward-looking information as a result of
regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions, and
other factors, many of which are beyond the control of the
Company.
The Company is making forward-looking statements, including but
not limited to: the Company’s outlook, strategy, intended growth
and results in 2025; business development efforts in relation to
each line of business and new licensees and the timing thereof;
Circadian’s anticipated product roll-out plans and the timing
thereof; OUD clinical trials and the timing thereof; the continued
development of new products embodying MVMD’s technology and the
anticipated receipt of reporting and royalty payments; the proposed
impact of Agrarius on the Company and its growth objectives;
anticipated registration and sales territories for Agrarius
product; the expansion of the Performance Guarantee Program and the
anticipating invoicing of contracted farms; and the continued
manufacturing and sales activity of Soluvec™ 1% inside
Bangladesh.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon. Any
forward-looking information contained in this news release
represents the Company's expectations as of the date hereof and is
subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required by applicable securities
legislation.
Neither the CSE nor OTC has reviewed or approved the contents of
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20241231264555/en/
Dennis Hancock President and Chief Executive Officer Mountain
Valley MD Holdings Inc. Investor Relations @ 647-725-9755 Email:
info@mvmd.com www.MVMD.com
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