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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. (BLONF) announced a non-exclusive sales partnership with Jose Andres Garcia Munoz to enhance its presence in Spain's protected agriculture sector. This agreement, which automatically renews annually, will allow Munoz to represent CO2 GRO at tradeshows and facilitate technology installations in local facilities. Spain's market boasts approximately 75,000 hectares of protected agricultural land, crucial for CO2 GRO's strategy as it seeks to penetrate this significant market, enhancing sales of its CO2 Delivery Solutions™ technology.
CO2 GRO Inc. (OTCQB: BLONF) initiated a CO2 Delivery Solutions commercial feasibility project with a significant Canadian cannabis licensed producer. This year-long feasibility aims to enhance production and revenue while lowering cannabis production costs. The LP currently uses CO2 from bulk tanks but faces challenges in raising CO2 levels during warmer months. CO2 Delivery Solutions is expected to improve yields and decrease CO2 usage, aligning with the LP's goal of reducing its ecological footprint. The technology has documented benefits, including increased yields and pathogen suppression.
CO2 GRO Inc. (OTCQB:BLONF) reports a successful presence at the recent Hemp and Horticulture Conferences, attended by approximately 10,000 industry professionals. Key takeaways include significant interest in the company's CO2 Delivery Solutions™ technology from premium hemp growers and other sectors. Plans for US West Coast expansion include growing the sales team and establishing new partnerships. Additionally, meetings with OEM suppliers aim to enhance pricing and technology, potentially increasing margins. GROW's innovative demonstration unit showcased how its technology can enhance crop management.
CO2 GRO Inc. (OTCQB:BLONF) announced a commercial feasibility study of its CO2 Delivery Solutions™ system with a US floriculture greenhouse. This feasibility will be conducted over 12 months, aimed at accelerating flower growth and providing pathogen protection. The client, who remains unnamed, has paid CAD$25,000 for the study. CO2 GRO's research indicates that their technology can enhance flower yield and appearance significantly, making it attractive for greenhouse growers. The company plans to leverage results to expand its market presence in the floriculture sector.
CO2 GRO Inc. (OTCQB: BLONF) announced a commercial feasibility project for its CO2 Delivery Solutions™ at a Quebec cannabis cultivation facility. The project will evaluate growth acceleration and increased cannabis yields in both vegetative and flowering grow rooms. The system is expected to reduce CO2 gas usage by over 90%, providing significant cost savings for smaller facilities. The company's technology aims to enhance plant yields by up to 30% while minimizing pathogen development, positioning it as a competitive solution in the growing cannabis market.
CO2 GRO Inc. (OTCQB:BLONF) will exhibit at Cultivate 21 in Columbus, Ohio, on July 9-13, marking its first in-person event since March 2020. The company focuses on its CO2 Delivery Solutions™ technology, which can increase plant yields by up to 30% and profits by up to 100%. Significant conferences planned for the remainder of 2021 include Aneberries Congress, Greentech Americas, and Canadian Greenhouse Conference. The management team aims to strengthen relationships with growers and partners to enhance sales and deployment of products.
CO2 GRO Inc. (OTCQB:BLONF) has announced a commercial installation of its CO2 Delivery Solutions for CAD $65,500 with a Canadian Licensed Producer. This installation, which does not require a commercial feasibility study, marks GROW's largest individual agreement to date. The payment structure consists of 12 equal installments over 36 months. GROW's technology aims to enhance plant yields by up to 30% and profits by up to 100% while limiting crop losses from pathogens. The company is expanding its market presence internationally.
CO2 GRO Inc. (OTCQB: BLONF) announced the sale of a second CO2 Delivery Solutions™ system to a Canadian licensed cultivator. This reflects the company's growth alongside its customers as they expand operations. The technology can boost plant yields by up to 30% and profits by 100%. GROW aims to capture a significant share of the protected agriculture market, which covers 550 billion square feet globally. The company is also expanding its international marketing partnerships to enhance its market presence.
CO2 GRO Inc. (OTCQB:BLONF) announced a commercial feasibility project with La Serra Ltd., a UK tomato greenhouse operator. This project, facilitated by Rika BioTech Limited, will assess the benefits of the CO2 Delivery Solutions™ system for one year, focusing on suppressing powdery mildew and enhancing tomato production. La Serra's advanced facility aims to improve operating margins and sustainability. Management expresses optimism about future partnerships and market traction in the UK and Europe.
CO2 GRO Inc. (OTCQB: BLONF) has signed a renewable one-year agreement with Rancho Nexo to promote its CO2 Delivery Solutions™ technology in Mexico's protected agriculture market. This partnership aims to enhance sales and installations of the technology, which can potentially boost plant yields by up to 30% and profits by up to 100%. The Mexican market, covering 54,150 hectares, ranks as the second-largest globally in this sector. The agreement allows both companies to share net project revenues based on an agreed ratio.
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