The CO2 Delivery Solutions™ Commercial Installation purchase decision is the second based on GROW plant science data.
TORONTO, ON / ACCESSWIRE / November 24, 2020 / Toronto based CO2 GRO Inc. ("GROW") (TSX-V:GROW, OTCQB:BLONF, Frankfurt:4021) is pleased to announce that it has sold a CO2 Delivery Solutions™ Commercial Installation to a British Columbia based smaller cultivator for medical Cannabis licensed under the Cannabis Act. The CO2 Delivery Solutions™ system was purchased based on GROW plant science data and testimonials from other customers currently using the technology.
Micro and Smaller Cannabis Cultivator Momentum and Opportunity
GROW has established considerable success with micro and smaller Cannabis and hemp cultivators across Canada and the U.S. Growers who operate cultivation facilities under 10,000 sq. ft. of canopy. Whether indoor or smaller hoop and greenhouses, all benefit from CO2 Delivery Solutions™' with up to 30% yield enhancement and pathogen Perimeter Protection™ while realizing significant CO2 cost savings compared to atmospheric CO2 gassing. Canada currently has 106 micro-cultivation licensees who can operate facilities with up to 2150 sq. ft. of Cannabis canopy. States in the U.S. have various regulatory frameworks that accommodate smaller cultivation operations. With additional jurisdictions in the U.S. approving some form of Cannabis legalization, a November 4, 2020 Marijuana Business daily reported the changes in legislation could generate USD$2.5 billion in additional sales by 2024. GROW's CO2 Delivery Solutions™ is well positioned to benefit from these positive industry trends.
According to Aaron Archibald, GROW's VP of Sales & Strategic alliances, "We are pleased to have our second 'straight-to-Commercial Installation' sale. We are finding a receptive niche with micro and smaller Cannabis and hemp growers where our CO2 Delivery Solutions™ systems have now been proven to provide rapid financial benefits to them. These customers can also provide more referrals and testimonials to help accelerate the adoption of our aqueous CO2 technology."
About CO2 GRO Inc.
GROW's target markets are focused on the 50 billion square feet of global greenhouse and covered cultivation space (USDA). Atmospheric enrichment of CO2 by gassing has been practiced in indoor and expensive sealed greenhouses for decades resulting in enhance crop yields of up to 30%. However, 85% of the world's greenhouses are unsealed and have open-venting designs for heat ventilation which makes CO2 gassing uneconomical and impractical since the CO2 gas easily escapes.
GROW's CO2 Delivery Solutions™ naturally and safely dissolves CO2 gas into water creating an aqueous CO2 solution which is then misted directly on plant leaves. GROW has demonstrated its technology to be as effective as CO2 gassing by improving crop yields up to 30%, while using a fraction of the CO2 gas. The CO2 solution's micro droplets create an aqueous film around the entire leaf surface, isolating the leaf from the atmosphere. This creates a diffusion gradient favoring CO2 transport into the leaf and other gases out of the leaf. Increased carbon availability enhances photosynthesis resulting in faster and larger plant growth. CO2 Delivery Solutions™ has been demonstrated on crops including Cannabis, hemp, lettuce, kale, microgreens, peppers and flowers. In addition, aqueous CO2 misting offers pathogen Perimeter Protection™ for plants by slowing the spread of micro pathogens such as E. coli and powdery mildew. Greenhouse growers everywhere can now supplement CO2 to their crops using CO2 Delivery Solutions™, increasing plant yields and profits.
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SOURCE: CO2 Gro Inc.