(TheNewswire)
TORONTO, ON / TheNewswire / August 1, 2018
– CO2 GRO Inc. (“ CO2GRO ” or “ GROW ”) (TSX-V:
GROW) announces that it has issued 11,363 common shares at a deemed value of $2,000 (the “ Issuance ”) to Keshill Consulting Associates Inc. (“ Keshill ”) a company
wholly-owned by Mr. Stephen Gledhill to fulfill the July 2018 stock compensation portion of the management services agreement
between GROW and Keshill for the ongoing services of Mr. Gledhill as Chief Financial Officer of the Company (see news release dated
January 18, 2018) .
The Issuance constitutes a “related-party transaction” within the meaning of TSXV Policy 5.9, which
incorporates Multilateral Instrument 61-101 (“ MI 61-101 ”) and GROW intends to rely on
certain exemptions contained in sections 5.5(b) and 5.7(a) of MI 61-101. The Shares will be issued with a 4-month-plus-1-day
hold period.
The Issuance will not result in a new Control Person and subsequent to the Issuance, CO2GRO will have
42,405,074 common shares outstanding.
About CO2GRO (GROW.TSXV) or "GROW"
GROW's mission is to accelerate all indoor and outdoor value plant growth naturally, safely, and economically
using its patented advanced C O2 foliar technologies. GROW's global target plant markets are retail
food at $8 trillion per year (Plunkett Mar 2017), retail non-food plants at an estimated $1 trillion per year and legal retail
cannabis that may reach $50 billion per year by 2022 (Bay St Analyst estimates). GROW's sole focus is working with its
plant grower and Agri-industrial partners in proving and adopting its CO2 technologies for specific growers’ plant yield
needs.
The CO2 technologies work by transferring CO2 gas into water and foliar spraying across the entire plant leaf
surface area, which is a semi permeable membrane. The dissolved concentrated CO2 then penetrates a leaf's surface area naturally
like nicotine naturally dissolves through human skin from a nicotine patch.
Foliar spraying natural nutrients and chemicals on plant leaves has been used for over 60 years by millions of
indoor and outdoor plant growers. To date, outdoor growers have not had any way to enhance plant CO2-gas uptake for faster
growth.
Indoor use of CO2 gassing has enhanced plant yields for over 60 years. However, over 50% of the CO2 gas is
typically lost through ventilation. Current greenhouse CO2 gassing levels of up to 1500 PPM are also not ideal for worker health
and safety. GROW's safer dissolved CO2 foliar spray can be used by indoor and outdoor plant growers with minimal CO2 gas
lost.
GROW's CO2 t echnologies are commercially proven, scalable and easily adopted into
existing irrigation systems. GROW's proven crop yield enhancements and revenue model is compelling for growers and Agri-industrial
partners.
Forward-Looking Statements This news release may contain forward-looking
statements that are based on GROW's expectations, estimates and projections regarding its business and the economic environment in
which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult
to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking
statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are
made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by 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 Sam Kanes, VP
Business Development at 416-315-7477.
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