Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:GROW - Post Discussion

CO2 GRO Inc > Q3 2020 Update
View:
Post by BattleshipBG on Dec 21, 2020 8:31am

Q3 2020 Update

It seems it taking me longer and longer to write these quarterly updates.

2020 has been mostly a success for CO2 Gro. Would I liked to have seen a couple big orders close, of course. But the size of growers that are trialing the technology if encouraging.

The consistent delays in feasibility studies is frustrating. Some of the delays are certainly due to COVID but the company simply needs to execute better.

The main goal in 2020 was to reach EBITDA positive which was not achieved. The long sales cycle was the reason for not meeting this goal. Again, I'm sure COVID played a role in the long sales cycles but excuses only get you so far.

The value proposition of the technology could not be clearer. The grower that most recently purchased a system required 7% return on investment in CO2 delivery technology. GROW has been able to increase cannabis yield by 30%. The investment in CO2 delivery technology seems like a no brainer. 

Once we get some early adopters with some real square footage on board, I think others will follow.


https://battleshipinvesting.com/co2-gro-q3-2020-financials/
Comment by BattleshipBG on Dec 21, 2020 8:45am
Forgive the typos. I need to read my stuff over more thoroughly. 
Comment by SpenceW15 on Dec 21, 2020 11:06am
Happy to have been on the recieving end of your latest due dilligence (even if delayed) and resutling content.  Cheers! S
Comment by TruthBeTold7 on Dec 21, 2020 2:08pm
This post has been removed in accordance with Community Policy
Comment by Hooveson on Dec 21, 2020 3:23pm
Yup, always appreciated, Battleship. And in line with my own research and sentiments. It's a slow climb, but we're climbing nonetheless. And 2021 def shows promise to deliver a ramp-up in fundamentals. 
Comment by cashmein on Dec 22, 2020 6:58pm
I agree that C-19 is a major reason for pushback of  Grow's upside. Although a vaccine is welcome, we're in this for a while longer. Hope for the New Year that the sales team can get more trials going. It's the only way contracts will be signed. Anxious to hear from the Emirates and Mexico. 2021 has to be a great year. Go Grow grow
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities