CO2 GRO Inc V.GROW

Alternate Symbol(s): BLONF

Industrials

CO2 GRO Inc. is a Canada-based precision ag-tech company. The Company is focused on delivering carbon dioxide (CO2) delivery solutions to the global protected agricultural sector. Its patented technology provides the service of C-stainable crop production and pathogen perimeter protection for healthier crops by enriching plants with CO2 via an aqueous CO2 microfilm on the leaf surface. About 300 million metric ton (MT) of fruit and vegetables are grown annually from about five million hectares of protected vegetable facilities globally. The Company operates in Canada, the United States and the European Union. The Company's subsidiary is CO2 GRO (US) Inc.

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CO2 GRO Inc > Fins on sedar

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Comment by lscfaon May 30, 2023 11:26am

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Post# 35470364

RE:Fins on sedar

no reply from mgmt yet.

lscfa wrote:
Fire the accountants. I have sent a email to IR. Will post the reply if I get one.

Hello,

I do not understand why sales with payment terms > 1 yr are accounted for using discounting, which is really distorting the financials.

Another company I own is Reliq Health. They sell equipment to clients who pay monthly instalments over 2 years. Reliq records the entire revenue and cost of equipment when the equipment is delivered to the client and increases accounts receivable which then declines with each monthly payment made by the client. This matches revenues with cost of revenues and gives a realistic gross margin.

Why can’t CO2 do what Reliq is doing?