CO2 GRO Inc. Awarded a Financial Contribution from Canada's CanExport Program

Rhea-AI Summary

CO2 GRO Inc. (OTCQB: BLONF) announced receiving funding from Canada's CanExport-SME program, aimed at enhancing its international business operations. This program assists early-stage Canadian SMEs in export marketing efforts. The company's CO2 Delivery Solutions™ technology enables growers to increase yields and profits significantly while reducing pathogen risks. GROW is expanding its partnerships in international markets such as Mexico, Europe, and South America. The company is focused on sustainable growth, backed by patented technology, with a large potential market in protected agriculture.

Positive

• Secured funding from the Government of Canada to support international expansion.
• CO2 Delivery Solutions™ has a significant market potential in the protected agriculture industry, valued at over 600 billion square feet.
• The technology can boost plant yields by up to 30% and profits by up to 100%.
• Active partnerships developing in multiple international markets, including Mexico and Europe.

Negative

• None.

TORONTO, ON / ACCESSWIRE / October 12, 2021 / Toronto based CO2 GRO Inc. ("GROW") (TSXV:GROW)(OTCQB:BLONF)(Frankfurt:4O21) is pleased to announce that GROW has been successful in receiving funding from the Government of Canada, Trade Commissioner Service CanExport-SME program, to expand and diversify their international business scope.

The ongoing CanExport Program is a financial contribution mechanism for early stage Canadian small and medium-sized enterprises (SMEs) for international business development activities. The program focuses on export marketing activities of existing products and services in foreign markets. It is delivered by the Canadian Trade Commissioner Service (TCS) Global Affairs Canada, in partnership with the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Aaron Archibald, VP Sales & Strategic Alliances commented, "We are delighted to have been chosen by the CanExport Program in competition with numerous other Canadian SMEs. This further validates our CO2 Delivery Solutions™ technology's global market potential, which represents over 600 billion square feet of protected agriculture. We have been working with various Trade Commissioners around the world and will continue to do so as a core strategic initiative of our international expansion plans. We are thankful to the Trade Commissioner Service for not only their award of this financial contribution, but also their support in helping us enter global markets."

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 Mexico, Spain, 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 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.

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FAQ

What did CO2 GRO Inc. announce on October 12, 2021?

CO2 GRO Inc. announced it received funding from the Government of Canada's CanExport-SME program to support its international business expansion.

How does the CanExport-SME program benefit CO2 GRO Inc.?

The CanExport-SME program helps CO2 GRO Inc. by providing financial support for export marketing activities in foreign markets.

What is the potential market size for CO2 GRO Inc.'s technology?

The potential market size for CO2 GRO Inc.'s CO2 Delivery Solutions™ technology is over 600 billion square feet in the protected agriculture industry.

What are the benefits of CO2 Delivery Solutions™ technology?

CO2 Delivery Solutions™ technology can increase plant yields by up to 30% and profits by up to 100%, while also reducing the risk of pathogens.

Which markets is CO2 GRO Inc. expanding into?

CO2 GRO Inc. is expanding into several international markets, including Mexico, Spain, the EU, the UK, South Africa, the Middle East, Southeast Asia, and Latin America.