CO2 GRO Inc. Grants Stock Options

Rhea-AI Summary

CO2 GRO Inc. (OTCQB: BLONF) announced the approval of 1,680,000 stock options at an exercise price of $0.32 per share, vesting throughout 2021. This brings the total shares reserved for issuance under the stock option plan to 6,589,740, with 1,871,232 options remaining. The company specializes in advanced CO2 Delivery Solutions™ aimed at enhancing yields and profits in agriculture by up to 30% and 100%, respectively, while reducing pathogen risks. CO2 GRO's technology is protected by patents, targeting the expansive greenhouse and protected agriculture market.

Positive

• Grant of 1,680,000 stock options could motivate employees and align their interests with shareholders.
• Potential for increased plant yields by up to 30% and profits by up to 100% through CO2 technology.
• Expanding international market partnerships across multiple regions.

Negative

• None.

TORONTO, ON / ACCESSWIRE / May 3, 2021 / CO2 GRO Inc. ("GROW" or the "Company") (TSXV: GROW, OTCQB: BLONF, Frankfurt: 4021) announces that the Board of Directors has approved the grant of 1,680,000 stock options (the "Options") to participants of the Company's stock option plan (the "Plan"). The Options are exercisable into common shares of the Company at an exercise price of $0.32 per share over the next three years, all vesting over the remainder of 2021.

As of the date hereof, a total of 6,589,740 common shares of the Company are reserved for issuance under the Company's stock option plan with 1,871,232 options remaining for issuance thereunder.

About CO2 GRO Inc.

GROW's proprietary CO2 Delivery Solutions™ technology is revolutionizing the global 600 billion square foot protected agriculture industry (Cuesta Roble 2018). 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 2018). 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 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.

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, Investor Relations Manager at 604-317-6197 or michael.oconnor@co2gro.ca

SOURCE: CO2 Gro Inc.

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https://www.accesswire.com/643806/CO2-GRO-Inc-Grants-Stock-Options

FAQ

What are the recent stock options granted by CO2 GRO Inc. (BLONF)?

CO2 GRO Inc. has approved the grant of 1,680,000 stock options at an exercise price of $0.32 per share, which will vest over the remainder of 2021.

How does CO2 GRO's technology improve agricultural yields?

CO2 GRO's CO2 Delivery Solutions™ can increase plant yields by up to 30% and profits by as much as 100%, reducing crop loss from pathogens.

What is the stock option plan for CO2 GRO Inc. (BLONF)?

The company has 6,589,740 common shares reserved under its stock option plan, with 1,871,232 options available for further issuance.

What markets is CO2 GRO Inc. targeting with its technology?

CO2 GRO is expanding its international marketing partnerships in the EU, UK, South Africa, Middle East, Southeast Asia, Latin America, and North America.

What is the exercise price for the stock options granted by CO2 GRO Inc.?

The exercise price for the granted stock options is set at $0.32 per share.