CO2 GRO Inc. Announces Another Commercial Feasibility with an Ontario Licensed Producer

Rhea-AI Summary

CO2 GRO Inc. (OTCQB: BLONF) announces its new commercial feasibility with a cannabis producer in Ontario to optimize its CO2 Delivery Solutions™. The project aims to enhance growth processes in a new 100,000 square foot facility, focusing on increasing harvest turns and bud yields while reducing CO2 usage. The company’s technology can potentially elevate plant yields by up to 30% and profits by 100%. This development aligns with CO2 GRO's strategy to expand its influence within the cannabis sector as it approaches 2022.

Positive

• Commencement of commercial feasibility with a cannabis producer, which may lead to increased sales.
• Potential to increase plant yields by 30% and profits by 100% using CO2 Delivery Solutions™.

Negative

• None.

TORONTO, ON / ACCESSWIRE / October 14, 2021 / Toronto based CO2 GRO Inc. ("GROW") (TSXV:GROW)(OTCQB:BLONF)(FSE:4O21) is excited to announce the commencement of another commercial feasibility of CO2 Delivery Solutions™ at an Ontario based Cannabis Licensed Producer ("the Customer"). The Customer plans to expand their current operation to a larger brand-new 100,000 square foot indoor cultivation facility.

The feasibility will run for several grow cycles. Objectives of the feasibility are to accelerate growth in order to increase harvest turns, increase bud yields, powdery mildew suppression through the Perimeter Protection™ benefit, reduced CO₂ gas use resulting in a safer work environment, reduction of the operation's ecological footprint, cost savings and a significant improvement in profitability.

Aaron Archibald, GROW's VP Sales and Strategic Alliances stated, "Our commercial success with Canadian Cannabis growers is accelerating as more growers are realizing the benefits of our CO2 Delivery Solutions™ technology. Their positive results and discussion within the industry is resulting in more growers contacting us directly. We look forward to building on the success within the Canadian Cannabis industry by converting more feasibilities into commercial installation sales as we approach the end of 2021 and enter 2022."

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). Grower's 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, Mexico, Spain, 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 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/668101/CO2-GRO-Inc-Announces-Another-Commercial-Feasibility-with-an-Ontario-Licensed-Producer

FAQ

What is the significance of CO2 GRO's new feasibility project with an Ontario licensed producer?

The project aims to optimize CO2 Delivery Solutions™ in a new cultivation facility, potentially increasing plant yields and profitability.

How does CO2 GRO's technology impact cannabis production?

CO2 GRO's technology can increase plant yields by up to 30% and profits by 100%, while also reducing CO2 gas usage.

What is the expected outcome of CO2 GRO's feasibility study?

The study aims to accelerate growth, increase harvest turns, and improve profitability while reducing the ecological footprint.

How does CO2 GRO plan to expand its market presence following the feasibility?

CO2 GRO aims to convert feasibility projects into commercial installation sales as it continues to grow in the Canadian cannabis sector.

What are the future prospects for CO2 GRO following this announcement?

The company expects to build on its success within the cannabis industry, potentially leading to more feasibility projects and installations.