CO2 GRO Inc. Announces a Commercial Feasibility With a Canadian Licensed Cultivator

Rhea-AI Summary

CO2 GRO Inc. (OTCQB: BLONF) announced a commercial feasibility project for its CO2 Delivery Solutions™ at a Quebec cannabis cultivation facility. The project will evaluate growth acceleration and increased cannabis yields in both vegetative and flowering grow rooms. The system is expected to reduce CO2 gas usage by over 90%, providing significant cost savings for smaller facilities. The company's technology aims to enhance plant yields by up to 30% while minimizing pathogen development, positioning it as a competitive solution in the growing cannabis market.

Positive

• Implementation of CO2 Delivery Solutions™ could enhance cannabis yield by up to 30%.
• Potential for CO2 gas savings exceeding 90%, reducing operational costs for smaller cultivators.
• Technological adaptability for various indoor plant growth designs.
• Management expanding international marketing partnerships across multiple regions.

Negative

• None.

TORONTO, ON / ACCESSWIRE / July 20, 2021 / Toronto-based CO2 GRO Inc. ("GROW") (TSXV:GROW)(OTCQB:BLONF)(Frankfurt:4021) is pleased to announce a commercial feasibility of a CO2 Delivery Solutions™ system at a Quebec indoor micro cultivation facility. The customer's facility has flower grow rooms with vertical wall racks that produce high quality, high yield and low-cost cannabis products.

The commercial feasibility will occur in a vegetative grow room and in a separate flowering grow room. Objectives in the vegetative grow room are to assess growth acceleration to the start of flowering. Objectives in the flowering room are to assess the increases in Cannabis bud yields, micro-pathogen resistance, and the CO₂ gas savings from aqueous CO₂ misting versus atmospheric enrichment by CO₂ gassing.

According to the Canadian Licensed Cultivators CEO, "As the Canadian cannabis market matures, we are looking for significant cost-saving automated technologies to protect our competitive position and we believe CO2 GRO's technology qualifies."

Aaron Archibald, VP Sales and Strategic Initiatives commented, "We are excited to get underway with the customer at its unique vertical design facility. Our CO2 Delivery Solutions™ can be adapted to all indoor plant growth designs. They are ideal for enhancing the customer's vegetative plant growth and pathogen resistance while showcasing a reduction of CO₂ gas used in their flowering rooms by over 90%. Smaller facilities like the customers pay much more per pound for delivered CO₂ than larger square foot facilities making our system's CO₂ savings benefit very attractive.'

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. https://www.co2gro.ca/
GROW's proprietary CO2 Delivery Solutions™ technology is revolutionizing the global 600 billion square foot protected agriculture industry (Cuesta Roble 2018). 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 2018). 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 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 accrediting 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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https://www.accesswire.com/656215/CO2-GRO-Inc-Announces-a-Commercial-Feasibility-With-a-Canadian-Licensed-Cultivator

FAQ

What is CO2 GRO Inc.'s latest announcement regarding BLONF?

CO2 GRO Inc. announced a commercial feasibility for its CO2 Delivery Solutions™ at a Quebec cannabis facility on July 20, 2021.

How does CO2 GRO's technology help cannabis growers?

The technology can increase cannabis yields by up to 30% and significantly reduce CO2 gas usage by over 90%.

What market does CO2 GRO Inc. target with its technology?

CO2 GRO Inc. targets the global protected agriculture market, including 50 billion square feet of greenhouses and 550 billion square feet of agricultural facilities.

When was the commercial feasibility project announced by CO2 GRO?

The commercial feasibility project was announced on July 20, 2021.