CO2 GRO Inc. announces results of Annual General Meeting

Rhea-AI Summary

CO2 GRO Inc. (OTCQB: BLONF) announced the results of its Annual General Meeting held on September 29, 2020. Shareholders overwhelmingly approved all agenda items, including the election of director nominees. Key votes included 99.78% in favor of Michael Boyd, 99.98% for John Archibald, and 99.95% for Tom Wiltrout. The appointment of auditors received 99.82% approval, and the stock option plan was backed by 99.73%. Additionally, the creation of a new control person, Ospraie, was approved with 99.98% support. This demonstrates robust shareholder confidence in the company's leadership and future direction.

Positive

• Shareholder approval rates for director nominees exceeded 99%, indicating strong support for company leadership.
• Approval of the stock option plan with 99.73% backing highlights shareholder confidence in future growth.
• The appointment of auditors received 99.82%, reflecting trust in financial oversight.
• Creation of a new control person, Ospraie, was approved with a 99.98% vote, suggesting positive expectations for governance.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 29, 2020 / Toronto based CO2 GRO Inc. ("GROW") (TSXV:GROW)(OTCQB:BLONF)(FRA:4021) is pleased to announces the results of the Annual General Meeting. Shareholders voted in favor of all items of business set forth in the information circular including the election of each director nominee. Detailed results of the vote for the election of directors, the appointment of auditors, approval of the stock option plan and the creation of a new control person (Ospraie) are presented below.

Director Nominee	Votes For	% For	Withheld/Abstain	% Withheld/ Abstain
Michael Boyd	13,088,525	99.78%	29,130	0.22%
John Archibald	13,115,155	99.98%	2,500	0.02%
Tom Wiltrout	13,111,345	99.95%	6,310	0.05%
Rose Marie Gage	13,111,344	99.95%	6,311	0.05%
Sam Kanes	12,971,821	98.89%	145,834	1.11%
Gord Surgeoner	13,111,345	99.95%	6,310	0.05%

Other Motions	Votes For	% For	Withheld/Abstain	% Withheld/ Abstain
Appointment of Auditors	15,449,814	99.82%	28,454	0.18%
Approval of Stock Option Plan	13,081,666	99.73%	0	0.00%
Approval - Creation of New Control Person (Ospraie)	13,114,917	99.98%	0	0.00%

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.

GROW's target markets are focused on the 50 billion square feet of global greenhouse and covered cultivation space (USDA). Atmospheric enrichment of CO2 by gassing has been practiced in indoor and expensive sealed greenhouses for decades resulting in enhance crop yields of up to 30%. However, 85% of the world's greenhouses are unsealed and have open-venting designs for heat ventilation which makes CO2 gassing uneconomical and impractical since the CO2 gas easily escapes.

GROW's CO2 Delivery Solutions™ naturally and safely dissolves CO2 gas into water creating an aqueous CO2 solution which is then misted directly on plant leaves. GROW has demonstrated its technology to be as effective as CO2 gassing by improving crop yields up to 30%, while using a fraction of the CO2 gas. The CO2 solution's micro droplets create an aqueous film around the entire leaf surface, isolating the leaf from the atmosphere. This creates a diffusion gradient favoring CO2 transport into the leaf and other gases out of the leaf. Increased carbon availability enhances photosynthesis resulting in faster and larger plant growth. CO2 Delivery Solutions™ has been demonstrated on crops including Cannabis, hemp, lettuce, kale, microgreens, peppers and flowers. In addition, aqueous CO2 misting offers Perimeter Protection™ for plants by slowing the spread of micro pathogens such as E. coli and powdery mildew. Greenhouse growers everywhere can now supplement CO2 to their crops using CO2 Delivery Solutions™, increasing plant yields and profits.

Forward-Looking Statements This news release may contain forward-looking statements that are based on CO2 GRO's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by 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  CO2 GRO Inc. or contact Michael O'Connor, Manager of Investor Relations at 604-317-6197.

SOURCE: CO2 Gro Inc.

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FAQ

What were the results of CO2 GRO Inc.'s Annual General Meeting on September 29, 2020?

The Annual General Meeting resulted in the approval of all items, with director nominees receiving over 99% support.

Which director nominees were elected during CO2 GRO Inc.'s AGM?

Michael Boyd, John Archibald, Tom Wiltrout, Rose Marie Gage, Sam Kanes, and Gord Surgeoner were elected as directors.

How did shareholders vote on the stock option plan at CO2 GRO Inc.'s AGM?

The stock option plan was approved with 99.73% of votes in favor.

What percentage of shareholders supported the appointment of auditors at CO2 GRO Inc.'s AGM?

The appointment of auditors was supported by 99.82% of shareholders.

What is the significance of Ospraie's approval as a new control person for CO2 GRO Inc.?

Ospraie's approval with 99.98% indicates strong shareholder confidence in the strategic direction and governance of CO2 GRO Inc.