CO2 GRO Inc. to Commence Trading on the OTCQB Venture Market in the United States
29 Août 2018 - 2:30PM
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.
For more information, please
visit www.co2gro.ca
or contact Sam Kanes, VP Business
Development at 416-315-7477.
CO2 Gro (TSXV:GROW)
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