Toronto based CO2 GRO Inc. ("GROW") (TSXV:GROW) (OTCQB:BLONF) (Frankfurt:4021) is pleased to announce a US$30,000 sale of its CO2 Delivery Solutions™ technology to an Arizona greenhouse grower. Commercial terms include a payment on order with the balance due upon the completion of the first harvest. The client has requested their name, crop grown and greenhouse footprint to be kept confidential for competitive reasons.
The sale is for ten percent of the grower's total greenhouse capacity. GROW anticipates that its CO2 Delivery Solutions™ technology will be expanded over time to the grower's entire greenhouse footprint based on the performance of the technology in the initial section.
GROW previously announced a feasibility on August 19th, 2021 with another Arizona greenhouse. Arizona has the second largest US greenhouse footprint after California with close to 15 million square feet of vegetable greenhouses. Nearly all of Arizona's greenhouses have to manage the same problem of close to year-round heat venting. This venting results in a chronic lack of sufficient CO2 levels to augment the excellent year-round sunlight available. The necessity of year-round heat venting in Arizona makes it virtually impossible to enhance plant production by up to 30%, which can be achieved in greenhouses located in temperate climates that have the ability to increase CO2 levels in the grow rooms above ambient conditions for at least half the year.
Aaron Archibald, GROW's VP Sales & Strategic Alliances commented, "This is yet another direct Commercial Installation sale, and the first in the state of Arizona. With only ten percent of the client's total greenhouse footprint installed, this presents a significant opportunity to expand the deployment of our CO2 Delivery Solutions™ technology to the client's remaining ninety percent greenhouse capacity which could provide significant revenue. We look forward to working with the client, and adding more direct to Commercial Installation sales in the near future."
Visit www.co2delivery.ca for more information on CO2 Delivery Solutions™ or watch this video. To see a CO2 Delivery Solutions™ VCO2 system installation, watch this video.
About CO2 GRO Inc. (CO2 GRO Inc.)
GROW's proprietary CO2 Delivery Solutions™ technology is revolutionizing the global 600 billion square foot protected agriculture industry (Cuesta Roble 2019). We create a saturated CO2 solution that when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields by up to 30% and profits by up to 100%. Applying 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™ is protected by a suite of patents and patents pending.
The worldwide market for GROW's disruptive CO2 Delivery Solutions™ technology is the 50 billion square feet of greenhouses and 550 billion square feet of protected agriculture facilities (Cuesta Roble 2019). Growers can maximize revenue and profits with our systems' low fixed and variable costs and ease of systems installation.
GROW's management is rapidly expanding its international marketing partner relationships into the EU, the UK, South Africa, the Middle East, South East Asia, Mexico and Latin America as well as in its North American base.
GROW is committed to good Environment, Social and Governance (ES&G) policy and practices. We are an equal opportunity employer of choice and opportunity.
Our mission is to accelerate the growth of all value plants safely, economically, naturally and sustainably using our patented advanced CO2 Delivery Solutions™ while accreting value to our customers, stakeholders and shareholders.
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