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Marrone Bio Innovations wins first approval in Canada for its cannabis and hemp biofungicide product

Marrone Bio Innovations Inc (NASDAQ:MBII) CEO Pam Marrone says the agricultural pesticide company has received the first approval for its biofungicide product REGALIA MAXX for use on indoor and outdoor cannabis and hemp in Canada.

What's more, the company recently reported 1Q numbers, where Marrone says revenue increased 11% to a record $9.7 million for its first quarter, as gross margins rose by a record 58%, marking the company’s sixth consecutive quarter of gross margins of 50% or more.

Quick facts: Marrone Bio Innovations

Price: 1.23 USD

Market: NASDAQ
Market Cap: $187.54 m

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