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CO2 GRO Inc V.GROW

Alternate Symbol(s):  BLONF

CO2 GRO Inc. is a Canada-based precision ag-tech company. The Company is focused on delivering CO2 Delivery Solutions to the global protected agricultural sector. Its patented technology helps growers increase crop yields and profits by enhancing plant growth, resilience, quality and water-use efficiency through aqueous CO2 misting. It is fostering sustainable agriculture practices and reducing the industry's environmental footprint. The Company operates in Canada, the United States and the European Union.


TSXV:GROW - Post by User

Post by cashmeinon Dec 15, 2020 8:57am
122 Views
Post# 32107408

NEWS

NEWS

TORONTO, ON / ACCESSWIRE / December 15, 2020 / Toronto based CO2GRO Inc. ("GROW") (TSX-V:GROW, OTCQB:BLONF, Frankfurt:4021) is pleased to announce that it has sold a third CO2 Delivery Solutions™ Commercial Installation to an Ottawa, Ontario based licensed cultivator. The customer chose to forego a commercial feasibility and based the purchase on GROW's previous plant science data.

GROW's customer commented, "According to my return-on-investment criteria of a one-year payback, a mere 7% increase in yield justified purchasing the system."

According to Aaron Archibald, GROW's VP Sales, "We have now sold our third straight-to-Commercial Installations' of a CO2 Delivery Solutions™ system in Canada. The customers return-on-investment criteria of a 7% yield increase indicates the power of CO2 Delivery Solutions™ to deliver good value to customers at crop value increases below the average 30% our scientific data demonstrates. With our current feasibilities beginning to show strong results, we are able to share this data with potential customers of whom three have decided to purchase the systems without the need for a commercial feasibility."

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