Key Takeaways:
- Launch of CO2 GRO’s Largest Project: CO2 GRO Inc. has inaugurated its most extensive commercial project to date, aimed at enhancing agricultural productivity through aqueous CO₂ enrichment technology, at Hidroexpo’s greenhouse in El Salvador.
- Innovative Technology for Crop Yield: This project, spanning 6 hectares, leverages CO2 GRO’s technology to improve the yield and quality of bell peppers, demonstrating a significant application of innovation in agriculture.
- Financial and Contractual Confidence: Valued at CAD $1 million, the project’s execution under a Pay-For-Use contract reflects Hidroexpo’s confidence in the effectiveness of CO2 GRO’s technology, following observed increases in production.
- Advanced Technological Integration: The system showcases advanced features such as misting, infusion, and a Dynamic Monitoring & Control System, emphasizing efficiency and ease of use facilitated by an online digital dashboard.
- Strengthened Partnership Between CO2 GRO and Hidroexpo: Following the success of initial trials, the ongoing collaboration between CO2 GRO and Hidroexpo underscores the potential of technological innovations in agriculture to enhance productivity and sustainability.
Embracing Aqueous CO₂ Enrichment Technology
CO2 GRO Inc., a Toronto-based agricultural technology firm, has announced the successful commissioning of its most ambitious commercial project at Hidroexpo’s greenhouse complex in El Salvador. This 6-hectare initiative employs the company’s aqueous CO₂ enrichment technology to significantly enhance the production of bell peppers.
Evidence of Trust and Technological Efficacy
The project’s valuation at approximately CAD $1 million and its completion under a Pay-For-Use contract signifies Hidroexpo’s trust in CO2 GRO’s technology. This trust is founded on empirical data showing a 20%-30% increase in production yields from previous seasons.
Rodrigo Martínez, General Manager of Hidroexpo, expressed his views on the technology’s impact: “We are very excited to begin using CO2 GRO’s C-stainable™ Crop Enhancement technology on a wider scale… Its continual development impresses us, instilling confidence in the promised benefits and future optimization through increasingly valuable real-time data.”
Technological Highlights and Operational Efficiency
The project features advanced technological integrations, including a misting and infusion system coupled with a Dynamic Monitoring & Control System, all accessible through an online digital dashboard. These features aim to streamline operations and enhance user experience, reflecting the innovative spirit of both companies involved.
Aaron Archibald, CO2 GRO’s VP of Sales, reflected on the collaborative journey: “Hidroexpo has been a fantastic customer and partner… This supportive customer-partner relationship is crucial for our growth as we aim to continue scaling our technology’s application within Hidroexpo’s greenhouse complex…”
Collaboration Fuelling Agricultural Innovation
This partnership between CO2 GRO and Hidroexpo not only marks a significant technological deployment but also illustrates the potential of innovative solutions to address challenges in agriculture. The project underscores a commitment to enhancing productivity and sustainability in the sector, with both companies playing pivotal roles in this technological advancement.
Co2 Gro Latest News
Unveils Canada’s Largest Aqueous CO2 Enrichment Facility (2024/03/29)
CO2 GRO Inc. has installed the largest commercial aqueous CO2 enrichment facility in Canada. This project is set to transform the cultivation process for long English and mini cucumbers and reflects CO2 GRO Inc.’s dedication to promoting sustainable agriculture. The facility integrates a sophisticated misting system, an infusion system, and a Dynamic Monitoring & Control System, all accessible through an online digital platform. This initiative builds on the success of a commercial agreement with Cucumber Man TAP in Alberta in 2022. The facility is expected to contribute to a more balanced plant energy, leading to improved production, revenue, and profitability.
Announces Upcoming Private Placement of Debentures (2024/01/09)
Toronto-based CO2 GRO Inc. plans to raise up to $2.5 million through a non-brokered private placement of unsecured convertible debentures. The debentures will carry an annual interest rate of 13.5% and will have a three-year term. Holders will have the option to convert their principal into units of the company and a forced conversion clause will allow CO2 GRO Inc. to convert all outstanding debentures into units if certain conditions are met. The net proceeds will be used for various purposes, including working capital, enhancing its sales pipeline, and hiring additional staff. The debentures will be offered and sold in Canada and select jurisdictions.
Launches New Spanish Website (2023/12/23)
CO2 GRO Inc. has launched a new Spanish-language website to better serve the greenhouse technology sector of Spanish-speaking countries like Mexico and Spain. The website offers detailed information about the company’s innovative aqueous CO2 enrichment technology, which has gained traction in these regions for its efficiency in increasing crop yields. The website is expected to cater to the diverse needs of the Spanish-speaking regions’ vegetable, fruit, horticulture, and specialty products markets.
Co2 Gro Private Placement Of Convertible Debentures (2023/12/07)
The company plans to raise $2.5 million through a private placement of convertible debentures. The debentures bear a 13.5% annual interest rate and offer flexibility to both the company and investors. The funds will be allocated to enhance the company’s working capital, convert ongoing projects into recurring revenue streams, and recruit additional talent. The offering is compliant with market regulations, reflecting the company’s commitment to ethical business practices.
CO2 GRO Inc. Advances Sustainable Agriculture (2023/11/09)
Toronto-based CO2 GRO Inc. recently commissioned a 12-month Technology Adaptation Project with a leading US lettuce grower to assess the impact of their CO2 Enrichment Solutions™ on greenhouse lettuce cultivation. The project aims to increase lettuce yields, improve product quality, and reduce CO2 consumption. CO2 GRO’s technology has already demonstrated success in a similar project in Colombia, leading to increased yield and better plant health. By reducing CO2 emissions, the company aims to promote sustainability and equitable practices while also generating high ROI for growers and shareholders.
Announces Business Development Update & Financial Highlights for Q2 2023 (2023/09/08)
CO2 GRO Inc. has released a Business Development Update for Q2 2023. The report reveals that the company has a cash reserve of $430,000 and has secured financing for its Pay-for-Use (PFU) contracts with a Canadian greenhouse grower. The company has secured two PFU contracts in the first half of 2023, totaling $1.3 million, and expects to conclude 2023 with commercial sales contracts totaling between $2 million to $2.5 million. The company is optimistic about its growth prospects and has developed new technology to ensure consistent results in its projects.
Releases 2023 ESG Report (2023/04/27)
CO2 GRO Inc., a leader in sustainable agricultural technology, has released its 2023 Environmental, Social, and Governance (ESG) Report. The report underscores the company’s commitment to sustainability, transparency, and responsible corporate practices.
Image provided by CO2 GRO Inc
