CO2 GRO Inc. Announces a US$127,750 CO2 Delivery Solutions(TM) Commercial Technology Purchase by a US Greenhouse Grower

Rhea-AI Summary

CO2 GRO Inc. (OTCQB: BLONF) announced a major sale of its CO2 Delivery Solutions™ technology to a US-based greenhouse grower, marking the largest deal of its kind to date. The transaction, valued at US$127,750, includes a down-payment and subsequent installments every 16 weeks post-project commissioning by the end of Q1 2022. This sale emphasizes the company’s shift towards accelerated sales without initial technology trials, potentially shortening sales cycles. CO2 GRO aims to significantly enhance agricultural yields and profits with its patented technology.

Positive

• Largest sale of CO2 Delivery Solutions™ technology to date valued at US$127,750.
• Accelerates CO2 Delivery Solutions™ sales without initial Technology Trials, potentially reducing sales costs and time.

Negative

• None.

TORONTO, ON / ACCESSWIRE / January 26, 2022 / Toronto based CO2 GRO Inc. ("CO2 GRO" or the "Company) (TSXV:GROW)(OTCQB:BLONF)(Frankfurt:4021) is pleased to announce a CO2 Delivery Solutions™ Commercial Technology Purchase ("sale") by a US based greenhouse grower. The owner requested anonymity for competitive reasons.

Proceeds from the sale include a down-payment on order followed by four equal installments every 16 weeks once the project is commissioned by end of Q1, 2022.

Aaron Archibald, Vice President Sales and Strategic Alliances commented, "This is the largest sale of our CO2 Delivery Solutions™ technology to date. The sale is being made without an initial Technology Trial (formerly referred to as a "commercial feasibility"). This reinforces our focus of accelerating CO2 Delivery Solutions™ sales without initial Technology Trials, resulting in a shorter sales cycle and a reduced cost of sales."

Visit www.co2delivery.ca for more information on CO2 Delivery Solutions™ or  watch this video. 

About CO2 GRO Inc. CO2 GRO Inc.

CO2 GRO's proprietary CO2 Delivery Solutions™ technology is revolutionizing the global 600 billion square foot protected agriculture industry (Cuesta Roble 2019). We create a dissolved 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 gross profits by up to 100%. Applying dissolved CO₂ also suppressed the development of pathogens such as E.coli and powdery mildew, helping to reduce crop losses. CO2 GRO's CO2 Delivery Solutions™ is protected by a suite of patents and patents pending.

The worldwide market for CO2 GRO'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.

CO2 GRO's management is rapidly expanding its international marketing partner relationships into Mexico, Spain, the EU, the UK, South Africa, the Middle East, Israel, South East Asia and Latin America as well as in its North American base.

CO2 GRO 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, and Investor Relations at 604-317-6197 or michael.oconnor@co2gro.ca

SOURCE: CO2 Gro Inc.

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https://www.accesswire.com/685554/CO2-GRO-Inc-Announces-a-US127750-CO2-Delivery-SolutionsTM-Commercial-Technology-Purchase-by-a-US-Greenhouse-Grower

FAQ

What is the significance of CO2 GRO's recent sale of CO2 Delivery Solutions™?

The recent sale represents the largest transaction for CO2 GRO's technology, valued at US$127,750, demonstrating growing acceptance and demand in the market.

How does the new sale impact CO2 GRO's business model?

This sale highlights CO2 GRO's strategic shift towards eliminating initial technology trials, which may lead to shorter sales cycles and cost reductions.

When is the CO2 Delivery Solutions™ project expected to be commissioned?

The project is expected to be commissioned by the end of Q1 2022, after which the buyer will make additional installment payments.

What are the potential benefits of CO2 GRO's technology for growers?

CO2 GRO's technology can increase plant yields by up to 30% and gross profits by up to 100%, while also suppressing the development of pathogens.