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CO2 GRO INC (BLONF) is a Toronto-based precision ag-tech, clean-tech company focused on sustainable agriculture. With a vision to enhance global food production from protected agriculture, the company offers CO2 Delivery Solutions™ that enrich plants with CO2, leading to increased yield and profitability. CO2 GRO's technology is designed for greenhouse growers globally, providing a C-stainable™ crop enhancement service that enables up to 30% yield increases. By misting an aqueous CO2 solution directly onto plants, the company helps reduce the ecological footprint of growers while improving crop quality. CO2 GRO is committed to good Environmental, Social, and Governance (ESG) policies and practices, emphasizing sustainability and social impact. The company's recent projects include the successful installation and commissioning of its largest commercial ventures in Canada and El Salvador, demonstrating a commitment to innovation, efficiency, and environmental responsibility in the agricultural sector.
CO2 GRO announced the resignations of four board members: Mr. Samuel Kanes, Mr. Tom Wiltrout, Ms. Rose Marie Gage, and Mr. Gordon Surgeoner. Mr. Surgeoner and Ms. Gage were part of a special committee formed in April 2024. Mr. Michal Boyd remains the sole committee member. The company failed to secure additional debt or equity funding and has suspended operations. CO2 GRO is seeking parties to take control or purchase its assets. A cease trade order remains in effect until a transaction is finalized. The TSX Venture Exchange disclaims any responsibility for the release's accuracy.
CO2 GRO Inc. announces the resignation of Mr. John Archibald as President and CEO, with the Board initiating a search for a new CEO. A committee of independent board members has been formed to oversee discussions on strategic initiatives, potential partnerships, or asset sales.
CO2 GRO Inc. has announced a delay in its annual financial filings, leading to an expected cease trade order by the Ontario Securities Commission. The company faces default and potential trading suspension on the TSX Venture Exchange until the filings are completed. CO2 GRO Inc. has formed a committee to address strategic initiatives, indicating possible partnerships or asset sales in the future.
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