CO2 GRO Inc. Announces a Commercial Feasibility with a Major European Based Greenhouse Vegetable Grower

Rhea-AI Summary

CO2 GRO Inc. (OTCQB:BLONF) has announced a significant commercial feasibility study with a major EU-based greenhouse vegetable grower, representing nearly 1,000 hectares of production. This study will evaluate the impact of GROW's CO2 Delivery Solutions™ on production efficiency and pathogen reduction over a 12-month period. The company emphasizes its commitment to sustainability, aligning with the customer's ecological focus. The proprietary technology aims to enhance crop yields by up to 30% and profits by up to 100%, addressing a $600 billion global protected agriculture market.

Positive

• Commercial feasibility study with a major EU greenhouse grower could lead to large-scale installations.
• Potential for increased production efficiency and pathogen reduction.
• Technology aligns with sustainability and ESG goals, enhancing market appeal.
• Opportunity to significantly increase crop yields and profits.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 2, 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 with a major E.U. based greenhouse vegetable grower that wishes to remain unnamed ("the customer"). Once installed, the commercial feasibility will continue for a period of twelve months. This is GROW's largest potential customer to date with nearly 1,000 hectares (approximately 100 million square feet) of greenhouse grown vegetables.

The commercial feasibility will be conducted in a section of one of the customer's commercial greenhouses. The focus of the commercial feasibility is to assess CO2 Delivery Solutions'™ impact on increased production, reduction of pathogens, and CO₂ usage. The customer's primary branding focus is sustainability and the reduction of their products' ecological footprint.

Commented Aaron Archibald, VP Sales and Strategic Alliances, "We are extremely excited about this customer as they represent nearly 100 million square feet of potential commercial installations. In addition to their size and scope, their focus on sustainability and the reduction of their ecological footprint aligns very well with our own company's focus on ESG."

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 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.

View source version on accesswire.com:
https://www.accesswire.com/662492/CO2-GRO-Inc-Announces-a-Commercial-Feasibility-with-a-Major-European-Based-Greenhouse-Vegetable-Grower

FAQ

What is CO2 GRO Inc. announcing regarding the BLONF stock?

CO2 GRO Inc. has announced a commercial feasibility study with a major European greenhouse grower, focusing on the effectiveness of its CO2 Delivery Solutions™.

How large is the greenhouse area involved in CO2 GRO's feasibility study?

The feasibility study involves nearly 1,000 hectares of greenhouse vegetables.

What are the expected benefits of CO2 Delivery Solutions™ for the customer?

The expected benefits include increased production, reduction of pathogens, and enhanced sustainability.

What is the significance of the feasibility study for CO2 GRO's future?

The study represents the company's largest potential customer and could lead to significant commercial installations.

What is the stock symbol for CO2 GRO Inc.?

The stock symbol for CO2 GRO Inc. is BLONF, traded on the OTCQB.