CO2 GRO Inc. to Commence Trading on the OTCQB Venture Market in the United States
August 29, 2018 (Source) — Toronto based CO2 GRO Inc. (“GROW” or the “Company”) (TSX-V: GROW) (OTCQB: BLONF) is pleased to announce that effective August 29, 2018 it will begin trading on the OTCQB Venture Market Operated by the OTC Markets Group under the symbol BLONF. The Company’s common shares will continue to be traded on the TSX Venture Exchange under the symbol GROW.
Positive cannabis bud growth results reported from ongoing trials for Health Canada licensed medical cannabis growers (non-LP ACMPR licenses) and lettuce will be followed by additional results from more high value cannabis, lettuce, micro greens, flowers and pepper trials. All grow trials are showing materially larger and faster plant growth.
John Archibald, CEO of GROW commented, “The OTCQB market is an important step forward as GROW continues to work to build increasing awareness, visibility and liquidity for the Company in the United States. Management will work to develop investor awareness and interest by conducting ongoing marketing programs in the United States beginning in late August 2018. The OTCQB Market is intended to provide improved accessibility and liquidity for what we anticipate will be a broad range of private and institutional investors.”
About CO2 GRO Inc.
GROW’s mission is to accelerate all indoor and outdoor value plant growth naturally, safely, and economically using its patented advanced CO2 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 CO2 technologies are commercially proven, scalable and easily adopted into existing irrigation systems. GROW’s proven crop yield enhancements and revenue model are compelling for growers and Agri-industrial partners.
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.
Forward-Looking Statements This news release may contain forward-looking statements that are based on CO2GRO’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.
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