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About CO2 GRO Inc. (Symbol: BLONF)
CO2 GRO Inc. is a Toronto-based precision ag-tech and clean-tech company dedicated to revolutionizing global food production through innovative and sustainable agricultural technology. Operating at the intersection of agriculture and environmental stewardship, CO2 GRO addresses a critical challenge in protected agriculture: the inability of most facilities to enrich plants with atmospheric CO2 effectively. By leveraging its patented CO2 Delivery Solutions™ technology, the company empowers growers to enhance crop yields, profitability, and sustainability.
Innovative Technology: CO2 Delivery Solutions™
CO2 GRO’s proprietary technology enriches plants with CO2 by misting an aqueous CO2 solution directly onto crops grown in greenhouses and other protected facilities. Unlike traditional atmospheric CO2 gassing, this method enables up to a 30% increase in yield while significantly reducing CO2 usage by up to 90%. Additionally, the technology suppresses the growth of harmful micro-pathogens such as E. coli and powdery mildew, resulting in healthier, more robust crops.
The system integrates advanced features, including a misting and infusion mechanism, a dynamic monitoring and control system, and an online digital dashboard for real-time operational efficiency. This innovative approach makes CO2 enrichment accessible to the 98% of protected grow facilities globally that cannot use atmospheric CO2 gassing due to structural or geographical limitations.
Market Position and Target Audience
CO2 GRO operates within the rapidly growing protected agriculture sector, which encompasses greenhouses and other controlled-environment farming facilities. This market is estimated to span approximately 800 billion square feet globally, including 700 billion square feet dedicated to fruits and vegetables and 100 billion square feet for floriculture, medicinal plants, and non-food varieties. By enabling growers to achieve higher yields and lower operational costs, CO2 GRO’s technology directly addresses the increasing global demand for sustainable food production.
The company’s primary customers are commercial growers of fruits, vegetables, and ornamental plants. Its technology is particularly valuable for facilities that face challenges with traditional CO2 enrichment methods, offering a scalable and cost-effective solution that enhances both revenue and environmental outcomes.
Competitive Advantages
- Unique Technology: Patented aqueous CO2 misting technology that is more efficient and environmentally friendly than traditional CO2 gassing.
- Yield Enhancement: Proven ability to increase crop yields by up to 30%, translating to higher profitability for growers.
- Pathogen Suppression: Reduces the prevalence of harmful pathogens, leading to healthier crops and reduced losses.
- Environmental Benefits: Reduces CO2 usage by up to 90%, aligning with global sustainability goals.
- Global Reach: Active expansion into markets in North America, Europe, Latin America, and Asia.
Commitment to ESG Principles
CO2 GRO is deeply committed to Environmental, Social, and Governance (ESG) principles. By enabling growers to reduce their ecological footprint while increasing food production, the company contributes to sustainable agriculture and global food security. CO2 GRO also prioritizes social responsibility, fostering an inclusive workplace and adhering to ethical business practices.
Business Model and Revenue Streams
The company generates revenue by selling its technology based on the cultivation area installed, ensuring a high return on investment for customers. This model allows CO2 GRO to maintain healthy profit margins while delivering significant value to growers. Additionally, the company employs flexible contract structures, including Pay-For-Use (PFU) agreements, to accommodate diverse customer needs.
Global Expansion and Future Outlook
CO2 GRO is actively expanding its international presence, with partnerships and installations in regions such as Mexico, Spain, the EU, the UK, South Africa, the Middle East, Southeast Asia, and Latin America. By scaling its technology globally, the company aims to become a leading force in the protected agriculture industry, enhancing food production for up to half a billion people worldwide.
Through its innovative solutions, strong market positioning, and commitment to sustainability, CO2 GRO Inc. is poised to play a pivotal role in the future of agriculture, addressing the dual challenges of food security and environmental conservation.
CO2 GRO Inc. (OTCQB:BLONF) announces that Dil Vashi, the Corporate Development Manager, will present at the CO2 Summit in Chicago. This event focuses on the role of CO2 in enhancing food production. Vashi's presentation will explore CO2 GRO's technology, which can boost agricultural yield while reducing CO2 consumption by up to 95%, aiding sustainability efforts. The event sold out quickly, indicating strong interest in the topic. CO2 GRO aims to transform protected agriculture globally, with a mission to increase yield by 30% and support food production for half a billion more people.
CO2 GRO Inc. (TSXV:GROW)(OTCQB:BLONF) reported Q2 2022 financial results, noting $NIL revenue and $27,750 in deferred revenue from a contracted sale. The company maintains its sales target of $1.5M-$2.5M for 2022, expecting growth in Q4 2022 and Q1 2023 as trial results are analyzed. Following successful trials in El Salvador, Alberta, and the EU, CO2 GRO anticipates an influx of inquiries from protected growers worldwide. The company has engaged export financing options to support cash flow and aims for positive operating cash flow within 12 months.
CO2 GRO Inc. announced a second commercial technology purchase of CO2 Delivery Solutions by Hidroexpo S.A. de C.V. in El Salvador. Following a successful one-year trial, the technology improved pepper production by over 30%. The financial terms of the deal remain confidential. Hidroexpo's General Manager expressed satisfaction with the yield improvement and plans to expand the technology's use in more greenhouses. CO2 GRO's VP highlighted the technology's potential for broader applications within the greenhouse sector, with a sales pipeline covering over 200 million square feet of growing area.
CO2 GRO Inc. (OTCQB: BLONF) reported a successful trial of its CO2 Delivery Solutions™ technology in a Colombian rose greenhouse, initiated in December 2021. The trial yielded an 8% overall increase in rose production, with high-grade roses achieving a 21% increase. Additionally, the technology contributed to a 75% reduction in powdery mildew spread. The trial will continue through 2022, with expectations of enhanced results in subsequent phases.
CO2 GRO Inc. (OTCQB: BLONF) has engaged Sugar Beach Media Corp. for investor relations services, including public relations and online media strategy. The one-year contract has a monthly fee of $7,500, with options for Sugar Beach to acquire shares under certain conditions. Sugar Beach currently holds no securities in the company. The engagement is contingent upon regulatory acceptance from the TSX Venture Exchange. CO2 GRO's technology aims to enhance sustainable plant growth, allowing growers to achieve significant yield increases and cost savings.
CO2 GRO Inc. (OTCQB:BLONF) has initiated a second technology trial at a bell pepper greenhouse in Querétaro, Mexico. This trial aims to enhance fruit yield, lower production costs, and reduce pathogens like powdery mildew. The trial area spans 500m², following the first trial announced in April 2022 at a larger facility in Puebla. The outcomes from these trials are anticipated to attract more Mexican vegetable growers, contributing significantly to the market that supplies 90% of vegetables exported to the US and Canada.
CO2 GRO Inc. (OTCQB:BLONF) has initiated a technology trial at a Canadian cucumber greenhouse to showcase the benefits of its CO2 Delivery Solutions™. The objectives include increasing cucumber yield, minimizing pathogen spread, reducing CO2 usage, and lowering production costs to enhance grower profits. This trial aligns with CO2 GRO's goal to penetrate the large greenhouse vegetable market, contributing to its revenue growth. The company highlights its commitment to sustainable agricultural practices while aiming for significant market expansion.
CO2 GRO Inc. (OTCQB:BLONF) announced the operational launch of phase two of its CO2 Delivery Solutions™ system at The Cucumber Man's Alberta greenhouse, focusing on grape tomatoes. This follows the earlier phase for long English cucumbers. The trial aims to boost yields, combat pathogens like powdery mildew, and lower production costs, potentially improving financial returns for growers. With Alberta's greenhouse industry expanding, CO2 GRO anticipates further opportunities in this market.
CO2 GRO Inc. (OTCQB: BLONF) has been selected to showcase its sustainable CO2 Delivery Solutions™ technology at the AgriTech4Morocco Innovation Challenge on July 28, 2022. This event, organized with support from the World Bank and the Moroccan Ministry of Agriculture, seeks innovative agri-tech solutions to enhance sustainability in Morocco's agricultural sector. VP Sales Aaron Archibald emphasized the opportunity to increase visibility in Morocco and neighboring regions. CO2 GRO aims to revolutionize the global protected grower market through its patented technology, promoting efficiency and environmental sustainability.
CO2 GRO Inc. (OTCQB:BLONF) will present at the UK based Controlled Environment Agriculture (CEA) 4.0 Virtual Conference on May 6, 2022, at 10:39 AM EST. The session focuses on "Controlling CO2 Enrichment Regardless of Structure or Season" and is expected to attract over 500 attendees. CO2 GRO's innovative CO2 Delivery Solutions™ technology aims to enhance plant growth sustainably, potentially increasing yields by up to 30%. The company is expanding internationally while committed to good Environmental, Social, and Governance (ESG) practices.
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