CO2 GRO’s Sam Kanes on building revenue growth through flowers.

“We started 6 years ago in algae, hydroponic lettuce, hydroponic peppers at University of Guelph. Our journey was never cannabis to begin with. Cannabis showed up all hot and bothered last year. Now it is under some stress because people are realizing growers will ultimately have excess capacity and we are efficiency improvement for them to maintain margins as they shrink…” States Sam Kanes, VP of Business Development and Director at CO2 GRO Inc. (TSXV: GROW), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: Let us start by congratulating you. News just out, your Michigan Flower grow trials have just come in. Can you talk to us a little bit about this?

Sam Kanes: Sure. It has been going on for 3 months now. We have had 5 trials do date. All of them show outstanding acceleration of growth and therefore value to future customers of ours. They came in Michigan, the Kalamazoo area. That is the number 3 growing area in the U.S. in terms of greenhouses. A lot of those are flowers. Our first U.S. representative that is with us now full-time as of this week, courtesy of raising some money, is in Kalamazoo. He is going to start there, work his way through Michigan, Ohio and the U.S. Midwest making commercial revenue for us in flowers.

Tracy Weslosky: I will tell you, we love your trading symbol, GROW, G-R-O-W. Can you dumb this down for us a little bit, I had previously understood that say you have 4 crops of cannabis in a greenhouse that you would then have 5 by utilizing the CO2 GRO patented technology. Let us start there. Can you correct me and help our viewers understand GROW better?

Sam Kanes: Cannot correct you because you are accurate. You are also accurate, by the way, the flowers. If you have a 3 month month cycle, we can make that 2 months. You add additional crops in the world of flowers as well as anything else that you want to mature faster than you are otherwise doing. Lettuce we have said now is probably 2 extra crops in California with confidence. They grow 4. We believe we can grow 6 because they are 99% leaves and leaves are what we grow the best and the fastest with our technology. 

Tracy Weslosky: You really had a lot of foresight to get into this particular sector because you can take advantage of the cannabis sector and agribusiness. Is that correct?

Sam Kanes: No. We started 6 years ago in algae, hydroponic lettuce, hydroponic peppers at University of Guelph. Our journey was never cannabis to begin with. Cannabis showed up all hot and bothered last year. Now it is under some stress because people are realizing growers will ultimately have excess capacity and we are efficiency improvement for them to maintain margins as they shrink on a go forward basis down towards other growers of other commodities like flowers and corn and cotton. 

Tracy Weslosky: Sam I understand that CO2 GRO’s most competitive advantage, the key word here is greenhouses. Is that correct?

Sam Kanes: That is not quite correct. Greenhouses come in all shapes and sizes. Some that use CO2 gas will help a little bit in terms of their incremental value. They are averaging about 33% more yield when they add CO2 gas in their greenhouses, but most greenhouses worldwide are porous or in fact open air, like California’s, which we visited a month ago. There you have a million square foot greenhouse, it has not wall. It has not glass. It has no structure.  It is wide open. You cannot use CO2 gas in there…to access the complete interview, click here

Disclaimer: CO2 GRO Inc. is an advertorial member of InvestorIntel Corp.




CO2 GRO’s Sam Kanes on accelerating growth in cannabis crops

May 23, 2018 – “The biggest opportunity by far for dissolving any gas into any solution is carbon and carbon for plants and more specifically plant leaves…It is all we do, we help plants grow better. Yes, including buds.” states Sam Kanes, VP of Business Development and Director at CO2 GRO Inc. (TSXV: GROW), in a recent presentation at the 7th Annual InvestorIntel Summit – Buds, Batteries & Blockchain 2018.

Sam Kanes: We IPOed in 2012 and have raised $14 million dollars along the way, most of it in the pursuit of developing, initially the algae market worldwide. It exploded on the scene in 2011 with what you just heard called peak oil. Oil was supposedly on the way to $200 according to CIBC and others. In that market governments got scared, especially American government. They put half a billion dollars into three of their chosen leaders in the world of algae; Solazyme, that IPOed for $1.2 billion. They only had $20 million in revenue when they started. 10 of which was for U.S. military jet fuel from renewable algae. One was called Sapphire. They actually were trialing our equipment at that time and then Algenol in Florida. Two of the three are bankrupt and barely hanging on is Algenol. Solazyme led up to $2 billion dollar value. It sold for $30 million last fall. What we IPOed for was providing them dissolved carbon to accelerate their algae growth more efficiently. We mothballed that in 2014 for a few years. As oil prices did not go to $200. They went to $25. Along the way my partners, John and Aaron, Aaron being up here is going to talk about operations in a minute, they wound up the core of the technology that I actually invested in, in 1999, when Joseph he claimed he is 20-year overnight success. That same year Dow Chemical left Canada and a variety of people and facilities behind and the twice scientist of the year, Craig Glassford, got to keep the technology he was working on. Craig reached out to John Archibald in Singapore and he left a major job out there because he believed in this technology to come back to North America and develop it commercially. He showed up at my door at Scotia Capital where I with five others were convinced after he claimed this technology could accelerate dissolving hydrocarbons in groundwater. Then what I was interested in was called methanol based MTBE. Methanex stock price was falling 90% at that time. I was a Methanex analyst at Scotia Capital. John claimed and showed us that he could accelerate bacteria growth in water by dissolving oxygen instantaneously without bubbles. Boom, I was sold with four others. Here I am 18 years later with John rejoining because the $400,000 he did raise half through me, he got $12 million dollars for that so modest success. 30X over 18 years. The biggest opportunity by far for dissolving any gas into any solution is carbon and carbon for plants and more specifically plant leaves. On that note I will let Aaron get going here in a minute. I just want to go through the market cap and partly why we are here. I got to do this. We are public. TSX Venture, GROW. We are very happy we got that symbol. It is all we do, we help plants grow better. Yes, including buds. Our cap table at the moment is about 40 million shares……to access the complete presentation, click here

Disclaimer: CO2 GRO Inc. is an advertorial member of InvestorIntel Corp.




BlueOcean on adding natural carbon without chemicals into water to accelerate plant growth

“We expect revenue by Q3, likely sooner from lettuce microgreen, basil spice producers that grow in greenhouses indoors that use overhead sprinkling systems that are easy for us to tap into and then probably Q4 for cannabis.” – states Sam Kanes, VP of Strategy and Investor Relations for BlueOcean NutraSciences Inc. (TSXV: BOC) in an interview with InvestorIntel’s Peter Clausi.

Peter Clausi: We are getting ready for the mining show, but today we are talking about something completely different. Tell us about the company.

Sam Kanes: BlueOcean started as an IPO in 2012. What we do and the only thing we do is dissolve CO2 in the water so fine it does not come out until used by plants to accelerate their growth with photosynthesis; all plants, all types.

Peter Clausi: Any plant that has leaves and converts sunlight into food energy can use your process.

Sam Kanes: Yes, the more chlorophyll the darker the plant. Imagine dark lettuce, kale, cannabis . . .

Peter Clausi: Spinach.

Sam Kanes: . . . has been doing this.

Peter Clausi: Okay. Would you need a license to get into the cannabis space?

Sam Kanes: We do not need one for the 28,000 growers in Canada licensed already that are called ACMPRs, medical cannabis. We do need a healthcare exemption for the large Canadian licensed producers who were blocked last March from using foliar spray on their leaves for all things until approved by Health Canada. They could only use natural ingredients…to access the complete interview, click here

Disclaimer: BlueOcean NutraSciences Inc. is an advertorial member of InvestorIntel Corp.




BlueOcean’s founder on astaxanthin – the “next wonder antioxidant”

Sam Kanes, VP of Strategy and Investor Relations for BlueOcean NutraSciences Inc. (TSXV: BOC) in an interview with InvestorIntel’s CEO Tracy Weslosky discuss the world’s first shrimp oil suppplement: a superior alternative to krill and fish oil supplements with respect to the health of the human body. Before going public, BlueOcean had discovered a way to triple the growth of algae containing astaxanthin via gas infusion technology. Sam refers to this antioxidant as “the king of the carotenoids” –The shrimp from which their oil is produced feed on these algae. On the commercial end, he tells us to expect sales and distribution press releases. The annual Newfoundland shrimp shells can support a long term shrimp oil sales potential of $300M/y at full usage. He also states that they are planning to attend the world supplement trade shows in Las Vegas and California.

Tracy Weslosky: Sam, BlueOcean’s very interesting to me. Your stock has been moving beautifully, what I would love for you to do is introduce the InvestorIntel audience to what BlueOcean NutraSciences are….

Sam Kanes: I’ve been with the origin of this company for 10 years. The last 3 years we have focused all our energy and finances on developing the world’s first shrimp oil, which is superior to krill and far superior to fish oil in its composition and benefits to the human body, brains, eyes and heart.

Tracy Weslosky:  Tell me more…Dr. Duchesne has written two stories about you already. We’ve had tremendous feedback about it. He said that your latest news release about restarting this algae gas infusion subsidiary is going to be virtually no cost to you and allow you to tap into three big markets. Can you tell us what he means by that?

Sam Kanes: First of all, the shrimp oil we manufacture is extracted from the shells of residual waste after cooking and peeling shrimp in Newfoundland. Those are pristine waters up there and the shrimp all eat the algae we’re focused on attempting to grow, namely astaxanthin based HP algae and omega-3 algae. What we’re selling today is in fact omega-3 and astaxanthin from the same algae. It just happens to be eaten and caught by the shrimp that we’re extracting the oil from. Why gas infusion is that’s the origin of the company. We IPO-ed 5 years ago with Macquarie. We raised $3½ million dollars to develop opportunities in the then booming algae world, which subsequently collapsed, where proven commercial gas infusion technology rights were given to the company in the IPO to stimulate accelerated algae growth that no others could do by dissolving CO2 bubbles so small they do not come out of water. That’s exactly how algae eat them. By doing so we proved we could triple the growth rates of algae with The National Research Council Algae Labs in Sandy Cove, Nova Scotia for over 2 years before we went to IPO markets…to access the complete interview, click here

Disclaimer: BlueOcean NutraSciences Inc. is an advertorial member of InvestorIntel Corp.