Home Greenhouse CO2 GRO Inc. announces price of US $ 30

CO2 GRO Inc. announces price of US $ 30

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TORONTO, ON / ACCESSWIRE / September 29, 2021 / Toronto-based CO2 GRO Inc. (“TO GROW“) (TSXV: GROWTH, Financial) (OTCQB: BLONF) (Frankfurt: 4021) is pleased to announce the sale of US $ 30,000 of its CO2 Delivery Solutions â„¢ technology to an Arizona greenhouse grower. The commercial conditions include a payment on order, the balance of which is due at the end of the first harvest. The client requested that their name, culture and greenhouse footprint be kept confidential for competitive reasons.

Ten percent of the total greenhouse capacity of the producer is sold. GROW anticipates that its CO2 Delivery Solutions â„¢ technology will be extended over time to the entire greenhouse footprint of the producer based on the performance of the technology in the initial section.

GROW previously announced a feasibility on August 19e, 2021 with another greenhouse in Arizona. Arizona has the second largest greenhouse footprint in the United States after California with nearly 15 million square feet of vegetable greenhouses. Almost every greenhouse in Arizona has to deal with the same problem of heat ventilation all year round. This ventilation leads to a chronic lack of sufficient CO2 levels to increase the excellent sunshine available all year round. Arizona’s year-round need for heat removal makes it virtually impossible to increase crop production by up to 30%, which can be achieved in greenhouses located in temperate climates that have the capacity to increase the crop. CO2 in grow rooms above ambient conditions for at least half of the year.

Aaron Archibald, vice president of sales and strategic alliances at GROW, commented, “This is another direct sale of commercial facilities, and the first in the state of Arizona. With only ten percent of the customer’s total greenhouse footprint installed, this represents a significant opportunity to deploy our CO2 Delivery Solutions â„¢ technology on the 90% of the customer’s remaining greenhouse capacity, which could generate significant revenue. We are looking forward to working with customer and adding more directly to commercial facility sales in the near future. “

Visit www.co2delivery.cafor more information on CO2 Delivery Solutions â„¢ or watch this video. To see an installation of the CO2 Delivery Solutions â„¢ VCO2 system,watch this video.

About CO2 GRO Inc. (CO2 GRO inc.)

GROW’s exclusive CO2 Delivery Solutions â„¢ technology revolutionizes the protected 600 billion square foot global agriculture industry (Cuesta Roble 2019). We create saturated CO2 solution which, when sprayed on plants, provides growers who cannot gas with CO2 the possibility of increasing plant yields up to 30% and profits up to 100%. Application of 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 â„¢ are protected by a series of patents and pending patents.

GROW’s global CO2 Delivery Solutions â„¢ disruptive technology market consists of 50 billion square feet of greenhouses and 550 billion square feet of protected agricultural facilities (Cuesta Roble 2019). Producers can maximize their income and profits thanks to the low fixed and variable costs of our systems and the ease of installation of the systems.

GROW’s management is rapidly expanding its international marketing partner relationships in the EU, UK, South Africa, Middle East, South East Asia, Mexico and Latin America as well as at its North American base.

GROW is committed to applying good environmental, social and governance (ES&G) policies and practices. We are an employer of choice and opportunity guaranteeing equal opportunities.

Our mission is to accelerate the growth of all value factories in a safe, economical, natural and sustainable manner using our patented advanced CO2 â„¢ delivery solutions while increasing value for our customers, stakeholders and shareholders.

Forward-looking statements

This press release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the business. future business. Forward-looking information is often identified by the words “could”, “could”, “could”, “should”, “should”, “intend”, “plan”, “anticipate”, “believe”, ” estimate ”,“ expect ”or similar expressions and include information concerning: statements concerning the future direction of the Company; the Company’s ability to successfully achieve its business and financial objectives; the expansion plans and the ability of the Company to obtain, develop and promote its business relationships; and expectations regarding other economic, business and / or competitive factors. Investors are cautioned that forward-looking information is not based on historical facts but rather reflects the expectations, estimates or projections of the management of the company regarding the activities of the future results or events of the company based on the opinions, assumptions and estimates that management considered to be reasonable on the date the statements are made. These assumptions include, but are not limited to: general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain qualified personnel; competition in the market; the products and technologies offered by the Company’s competitors; and that good relations with trading partners will be maintained. Although the Company believes that the expectations reflected in this forward-looking information are reasonable, such information involves risks and uncertainties, and such information should not be relied upon because unknown or unforeseeable factors could have material adverse effects on the Company. future results, performance or achievements. Key factors that could cause actual results to differ materially from those projected in the forward-looking information include the following: changes in economic, business and general policy conditions, including changes in financial markets; in particular, in the Company’s ability to raise debts and equity for the amounts and at the costs it expects; adverse changes in applicable laws or adverse changes in the application or enforcement of applicable laws; the biotechnology industry and greenhouse market are highly competitive, and technical advancements in the industry will impact the success of the Company and other risks described in Company documents available at www.sedar.com. If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking information turn out to be incorrect, actual results may differ materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that could cause results not to be as anticipated. , estimated or planned. The Company does not intend and assumes no obligation to update this forward-looking information, except as required by applicable law.

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, Director, Investor Relations at 604-317-6197 or [email protected]

THE SOURCE: CO2 Gro inc.

See the source version on accesswire.com:
https://www.accesswire.com/666094/CO2-GRO-Inc-Announces-a-US30000-Sale-to-an-Arizona-Greenhouse-Grower