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CO2 GRO INC (BLONF) is a Toronto-based precision ag-tech, clean-tech company focused on sustainable agriculture. With a vision to enhance global food production from protected agriculture, the company offers CO2 Delivery Solutions™ that enrich plants with CO2, leading to increased yield and profitability. CO2 GRO's technology is designed for greenhouse growers globally, providing a C-stainable™ crop enhancement service that enables up to 30% yield increases. By misting an aqueous CO2 solution directly onto plants, the company helps reduce the ecological footprint of growers while improving crop quality. CO2 GRO is committed to good Environmental, Social, and Governance (ESG) policies and practices, emphasizing sustainability and social impact. The company's recent projects include the successful installation and commissioning of its largest commercial ventures in Canada and El Salvador, demonstrating a commitment to innovation, efficiency, and environmental responsibility in the agricultural sector.
CO2 GRO Inc. (OTCQB: BLONF) announced the Board of Directors approved the issuance of 4,125,000 Restricted Share Units (RSUs) to its directors, employees, and consultants. The RSUs will vest upon meeting performance criteria and require a payment of $0.11 each for conversion into common shares. Currently, 10,436,606 common shares are reserved under the 2022 Equity Incentive Plan, with 3,421,064 options and 5,607,669 RSUs remaining. The company aims to enhance crop yields by using their proprietary CO2 Delivery Solutions technology, which significantly reduces CO2 gas consumption.
CO2 GRO Inc. (OTCQB: BLONF) reported its Q3 2022 financial results, showing revenue of $167,000. The company holds $1.3M in cash as of September 30, 2022. CEO John Archibald emphasized stronger revenue growth and an optimistic sales order pipeline exceeding 200 million square feet. Notable trials for their CO2 Delivery Solutions™ are underway across various regions, focusing on vegetables, flowers, and other crops. The company anticipates increased sales due to high greenhouse input costs and food inflation, aiming for more orders in 2023.
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