CO2 GRO Inc. Announces a Commercial Feasibility at California Based TreeSource Citrus Nursery

Rhea-AI Summary

CO2 GRO Inc. (TSXV:GROW)(OTCQB:BLONF) announced a commercial feasibility study with California's TreeSource Citrus Nursery to assess the impact of its CO2 Delivery Solutions™ on the growth of citrus tree liners. The study will cover 2,000 square feet and evaluate the technology's potential to accelerate growth and enhance rooting, thus benefiting nursery operations. This collaboration aligns with TreeSource's commitment to regenerative management practices. CO2 GRO's technology, backed by patents, aims to enhance yields and profits in the agriculture sector.

Positive

• Collaboration with TreeSource may enhance credibility and market presence.
• Potential for accelerated growth of citrus tree liners could improve market competitiveness.
• CO2 Delivery Solutions could lead to a significant return on investment for growers.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 14, 2021 / Toronto based CO2 GRO Inc. ("GROW") (TSXV:GROW)(OTCQB:BLONF)(FRA:4021) is pleased to announce a commercial feasibility of a CO2 Delivery Solutions™ system with California based TreeSource Citrus Nursery ("TreeSource").

The commercial feasibility will be conducted on approximately 2,000 square feet of citrus tree young plants (also known as liners) using a CO2 Delivery Solutions™ system integrated with an existing fogging system. The primary focus of the commercial feasibility is to assess CO2 Delivery Solutions'™ impact on the growth acceleration of liners to commercial maturity.

TreeSource Citrus Nursery is a full-service commercial citrus nursery that serves the California citrus industry and greenhouse growers around the world. TreeSource is part of the AC Foods family of companies, currently operating nearly 20,000 acres of grapes, citrus, blueberries and tree nuts across California, the Pacific Northwest, and Australia. AC Foods seeks to infuse regenerative management practices into a rapidly evolving food system to pursue their vision of a world where everyone has access to better, healthier food. For more information on TreeSource Citrus Nursery, please visit www.citrustreesource.com.

Aaron Archibald, VP Sales & Strategic Alliances commented, "We are very excited to be working with TreeSource Citrus Nursery. Their focus on regenerative management practices aligns with our technology and company's focus on ESG. We have another commercial feasibility underway in South Africa on high value macadamia tree liners. The benefits of CO2 Delivery Solutions™ for nurseries are faster growth bringing liners to market sooner, as well as potentially more developed rooting which helps the propagators' customers with stronger plants. Like most of our protected agriculture customers, the ROI on investing in our technology is significant for grower profits, the planet and people."

Visit www.co2delivery.ca for more information on CO2 Delivery Solutions™ or watch this video. To see a CO2 Delivery Solutions™ VCO2 system installation, watch this video.

About CO2 GRO Inc. (CO2 GRO Inc.)

GROW's proprietary CO2 Delivery Solutions™ technology is revolutionizing the global 600 billion square foot protected agriculture industry (Cuesta Roble 2019). We create a saturated CO₂ solution that when misted onto plants provides growers that cannot gas with CO₂ the opportunity to increase plant yields by up to 30% and profits by up to 100%. Applying saturated CO₂ also suppressed the development of pathogens such as E.coli and powdery mildew, helping to reduce crop losses. GROW's CO2 Delivery Solutions™ is protected by a suite of patents and patents pending.

The worldwide market for GROW's disruptive CO2 Delivery Solutions™ technology is the 50 billion square feet of greenhouses and 550 billion square feet of protected agriculture facilities (Cuesta Roble 2019). Growers can maximize revenue and profits with our systems' low fixed and variable costs and ease of systems installation.

GROW's management is rapidly expanding its international marketing partner relationships into the EU, the UK, South Africa, the Middle East, South East Asia, Mexico, Spain and Latin America as well as in its North American base.

GROW is committed to good Environment, Social and Governance (ES&G) policy and practices. We are an equal opportunity employer of choice and opportunity.

Our mission is to accelerate the growth of all value plants safely, economically, naturally and sustainably using our patented advanced CO2 Delivery Solutions™ while accreting value to our customers, stakeholders and shareholders.

Forward-Looking Statements

This press release contains statements which constitute "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward-looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding: statements regarding the future direction of the Company; the ability of the Company to successfully achieve its business and financial objectives; plans for expansion and the ability of the Company to obtain, develop and foster its business relationships; and expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates that management considered reasonable at the date the statements are made. Such assumptions include but are not limited to: general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and technology offered by the Company's competitors; and that good relationships with business partners will be maintained. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; in particular, in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; the biotechnology industry and the greenhouse growers market are highly competitive, and technical advances in the industry will impact the success of the Company, and other risks described in the Company's filings that are available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please visit www.co2gro.ca or contact Michael O'Connor, Manager, Investor Relations at 604-317-6197 or michael.oconnor@co2gro.ca

SOURCE: CO2 Gro Inc.

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FAQ

What is the purpose of CO2 GRO's feasibility study with TreeSource?

The study aims to assess the impact of CO2 Delivery Solutions on the growth acceleration of citrus tree liners.

What are the expected benefits of CO2 Delivery Solutions for growers?

Benefits include faster growth, potentially stronger plants, and improved profitability.

When was the commercial feasibility study announced?

The study was announced on September 14, 2021.

What is the stock symbol for CO2 GRO?

The stock symbol for CO2 GRO is BLONF.

How large is the area for the feasibility study with TreeSource?

The feasibility study will be conducted over approximately 2,000 square feet.