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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 its Q1 2021 results, reporting $17,000 in revenue. As of March 31, 2021, it had $97,000 in signed purchase orders, with $20,000 recorded as deferred revenue. The company expects to exceed last year's total revenue of $91,248 as recognized revenues from signed orders materialize. Financially, CO2 GRO has no debt and two years of cash on hand. The company's technology supports growers in increasing yields and profits while suppressing crop pathogens. Significant sales growth is anticipated in Q3 and Q4 2021.
CO2 GRO Inc. (OTCQB: BLONF) announced a commercial installation sale of its CO2 Delivery Solutions™ system to a US distributor. VP of Sales, Aaron Archibald, emphasized the strategic expansion of their sales force and distributor network in the US, aimed at accelerating technology deployment and increasing sales. The company's proprietary technology promises to enhance crop yields by up to 30% and profits by up to 100%, while helping to reduce crop losses by suppressing pathogen development.
CO2 GRO Inc. (OTCQB: BLONF) has been selected by Canada's Trade Commissioner Offices in Hague, Bern, and Madrid to present on "Collaborations in Sustainable Technologies in Agriculture" on May 25, 2021. This virtual webinar will feature presentations from three Canadian companies, focusing on Ag Tech and robotics, attracting around 80 to 100 European business attendees. CO2 GRO's patented CO2 Delivery Solutions™ technology promises significant benefits, including increased plant yields and pathogen suppression, with a substantial market potential in the protected agriculture sector.
CO2 GRO Inc. (OTCQB: BLONF) has completed a commercial installation sale of its CO2 Delivery Solutions™ technology to Golden Peak Cannabis. This follows a nine-month feasibility assessment revealing effective CO2 enhancement, leading to expected yields and reduced production costs. Golden Peak's CEO noted negligible operating costs and protection from crop diseases. CO2 GRO aims for international expansion, leveraging the $50 billion greenhouse market.
CO2 GRO Inc. (OTCQB:BLONF) has commenced a one-year commercial feasibility project with UK partner Rika Biotech Limited at a tomato greenhouse in the UK. The study aims to evaluate tomato yield during spring to fall and the effectiveness of Perimeter Protection™ in reducing powdery mildew spread, along with assessing CO2 usage cost reductions. The UK greenhouse vegetable market is valued at approximately £340 million, with tomatoes representing a significant portion. The expansion of domestic production in response to Brexit and rising self-sufficiency concerns further underscores the project's importance.
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.
CO2 GRO Inc. announced a commercial installation sale of its CO2 Delivery Solutions™ to a BC-based licensed cultivator. The system, designed for a 4,200 square foot greenhouse without CO2 supplementation, was chosen based on existing plant science data and user testimonials. VP Aaron Archibald highlighted the expectation of faster sales cycles as more cultivators adopt their technology. GROW's CO2 solutions aim to increase plant yields by up to 30% and profits by 100%, while suppressing pathogens, presenting a disruptive opportunity in the 600 billion square foot agricultural industry.
CO2 GRO Inc. (OTCQB: BLONF) is reporting a strong start in Q1 2021 with sales of its CO2 Delivery Solutions™ systems to Canadian micro-cultivators and producers. The company signed a Marketing MOU in Malaysia targeting an extensive agriculture market and expanded its North American sales team. Highlights include interim yield increases of 20% in pepper crops and raising $700,000 through warrant exercises. The firm anticipates increased sales and feasibility projects in North America and internationally while continuing to adapt to COVID-19 impacts.
CO2 GRO Inc. (OTCQB: BLONF) has announced a commercial feasibility for its CO2 Delivery Solutions™ system at Alberta's The Cucumber Man greenhouse. This one-year feasibility will cover 3 acres of a 12-acre facility, focusing on enhancing tomato yields while reducing CO2 costs and environmental impact. Alberta is a key region for greenhouse produce, particularly tomatoes and peppers. The initiative aligns with Alberta's agricultural growth strategy, potentially leading to increased profits for The Cucumber Man through improved production efficiency and reduced pathogen risks.
CO2 GRO Inc. (OTCQB:BLONF) announced a commercial feasibility project with Pharmocann Global Ltd. in Israel, leveraging its CO2 Delivery Solutions™ technology in a greenhouse setting. This project aims to enhance cannabis growth, increase bud yield, suppress powdery mildew, and reduce costs over six months. Pharmocann, with 348,000 sq. ft. of greenhouse space, seeks to maximize plant growth despite structural limitations that prevent traditional CO2 gassing. The collaboration reflects Israel's expanding cannabis market and GROW's potential in the protected agriculture sector.
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