Annuncio • Jun 21
CO2 GRO Inc. Announces Director Resignations CO2 GRO Inc. announced the resignations of Mr. Samuel Kanes, Mr. Tom Wiltrout, Ms. Rose Marie Gage and Mr. Gordon Surgeoner from its Board of Directors. Mr. Surgeoner and Ms. Gage were members of the special committee that was struck by the Board and announced in its press release dated April 26, 2024. Mr. Michal Boyd remains as the only member of the committee. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Tom Wiltrout was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 03
CO2 Gro Inc., Annual General Meeting, Aug 02, 2023 CO2 Gro Inc., Annual General Meeting, Aug 02, 2023. Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.004 loss in 1Q 2022) First quarter 2023 results: CA$0.003 loss per share (improved from CA$0.004 loss in 1Q 2022). Revenue: CA$15.5k (down 51% from 1Q 2022). Net loss: CA$294.6k (loss narrowed 25% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 29
Full year 2022 earnings released: CA$0.018 loss per share (vs CA$0.02 loss in FY 2021) Full year 2022 results: CA$0.018 loss per share. Revenue: CA$284.8k (up 10% from FY 2021). Net loss: CA$1.77m (loss widened 6.6% from FY 2021). Reported Earnings • Nov 24
Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.004 loss in 3Q 2021) Third quarter 2022 results: CA$0.002 loss per share (improved from CA$0.004 loss in 3Q 2021). Revenue: CA$166.9k (up 37% from 3Q 2021). Net loss: CA$233.7k (loss narrowed 22% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Annuncio • Aug 30
CO2 Gro Inc. Reaffirms Sales Guidance for the Year 2022 CO2 Gro Inc. reaffirmed sales guidance for the year 2022. The company unchanged contracted sales forecast of $1.5 million to $2.5 million are expected to be secured in fourth quarter of 2022. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.005 loss in 2Q 2021) Second quarter 2022 results: CA$0.006 loss per share (down from CA$0.005 loss in 2Q 2021). Net loss: CA$586.1k (loss widened 28% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Annuncio • Jun 22
CO2 Gro Inc. Shares Positive Data from the First Colombia Rose Trial CO2 Gro Inc. shared the results of the CO2 Delivery SolutionsTM trial deployed at a Colombia rose greenhouse commercial facility that commenced in December 2021. The first Colombia rose trial is spearheaded by a leading global industrial CO2 gas supplier whose identity remains confidential at this time along with the name and location of the rose grower facility. CO2 GRO is proud to share that in the four months that the study initially ran for, a total rose production increase of 8% has been observed. More importantly, high-grade high value roses realized a 21% production increase. High-grade roses are over 55 cm in stem length and have 6 cm wide flower buds. Further, treated rows of rose plants in the greenhouse facility also saw a 75% reduction in powdery mildew spread compared to the control group. The trial is set to continue until the end of 2022. Annuncio • Jun 10
CO2 Gro Inc., Annual General Meeting, Aug 09, 2022 CO2 Gro Inc., Annual General Meeting, Aug 09, 2022. Reported Earnings • May 27
First quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 1Q 2021) First quarter 2022 results: CA$0.004 loss per share (down from CA$0.003 loss in 1Q 2021). Revenue: CA$31.5k (up 90% from 1Q 2021). Net loss: CA$393.4k (loss widened 85% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annuncio • May 20
CO2 Gro Inc. Announces the Start of A Technology Trial with A Canada Based Cucumber Greenhouse Toronto based CO2 GRO Inc. announced another CO2 Delivery SolutionsTM Technology Trial in a Canadian cucumber greenhouse. The grower required confidentiality as to greenhouse size, location and name. The Trial's goals are to demonstrate CO2 Delivery SolutionsTM benefits to increase cucumber fruit yield, reduce the spread of pathogens such as powdery mildew, reduce CO2 usage and reduce the overall cost per unit of production, therebyincreasing overall grower margins. Annuncio • May 19
CO2 Gro Inc. Announces Phase Two of the Technology Trial with Alberta Based the Cucumber Man CO2 GRO Inc. announced that the second phase of a CO2 Delivery Solutions system has been installed for a grape tomato Technology Trial in The Cucumber Man's 522,000 square foot Alberta greenhouse. Part two of this larger Trial is now operational on grape tomatoes with part one being announced as operational on April 28, 2022 for long English cucumbers. The Trial's goals are to increase both grape tomato and long cucumber fruit yield, reduce the spread of pathogens such as powdery mildew, which is often problematic for tomato as well as cucumber growers, and reduce the overall cost per unit of production thereby increasing overall margins. According to Greenhouse Canada, as of 2019, Alberta's greenhouse crops industry was estimated to be 404 acres, 164 hectares, or 17.62 million square feet. Vegetables accounted for about 46% of the total greenhouse area, or 187 acres, followed by floriculture at 42%, or 170 acres, and tree seedlings at 12%, or 48 acres. Reported Earnings • Apr 27
Full year 2021 earnings released: CA$0.02 loss per share (vs CA$0.014 loss in FY 2020) Full year 2021 results: CA$0.02 loss per share (down from CA$0.014 loss in FY 2020). Revenue: CA$258.6k (up 183% from FY 2020). Net loss: CA$1.66m (loss widened 66% from FY 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Annuncio • Apr 06
Co2 Gro Inc. Announces a Technology Trial at a Rose Greenhouse in Ecuador CO2 Gro Inc. announced a Technology Trial ("trial") for a CO2 Delivery Solutions system at an Ecuador based rose greenhouse. The owner wished to remain unnamed without facility details announced. The trial will be conducted for up to one year, assessing CO2 Delivery Solutions economic benefits including faster plant growth, greater rose bud production, improved plant health and suppression of micro-pathogens particularly powdery mildew. According to studies conducted by Enoch et al., 1970; Hanan, 1973; Mortensen and Moe, 1983 on atmospheric CO2 enrichment in rose greenhouses, increased yields of 16% to 60% over those grown in a non-enriched atmosphere were observed. Annuncio • Jan 06
CO2 Gro Inc. Announces A Commercial Feasibility At A California Greenhouse CO2 GRO Inc. announced that a commercial feasibility of a CO2 Delivery SolutionsTM system will commence in First Quarter 2022 at a California greenhouse. The owners, who wished to be unnamed for competitive reasons, are expanding their 1-hectare greenhouse facility by another 2 hectares during 2022, totalling 3 hectares of production area (over 300,000 square feet). The commercial feasibility will run for a minimum of six months from installation. The main benefits being evaluated include increased production, faster growth, CO2 consumption and Pathogen Perimeter ProtectionTM which suppresses the development of micro-pathogens contributing to improved yields. Annuncio • Dec 12
CO2 GRO Inc. Announces the Commencement of the Previously Announced Colombia Rose Commercial Feasibility CO2 GRO Inc. announced that a CO2 Delivery SolutionsTM system is now operating at the Colombia rose greenhouse commercial feasibility, previously announced on June 24th, 2020. A leading global industrial CO2 gas supplier ("Gas Supplier") introduced the customer and is assisting in the management and execution of the project. The Gas Supplier requested the name and location of the grower facility remain confidential at this time. The commercial feasibility was postponed due to significant delays in logistics for the CO2 Delivery SolutionsTM system components followed by unavoidable COVID-19 related matters. In addition, the customer requested the start of the commercial feasibility coincide with the beginning of their main growing season to better evaluate the technology's benefits on roses. The grower's operates several hectares (several hundreds of thousand square feet) of rose greenhouses. The main benefits being evaluated include faster time to flowering, greater flower bud production, increased stem length and the Pathogen Perimeter ProtectionTM benefit to suppress micro-pathogens. The commercial feasibility will be conducted for one year. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.004 loss per share (vs CA$0.004 loss in 3Q 2020). Revenue: CA$122.1k (up 391% from 3Q 2020). Net loss: CA$299.8k (loss narrowed 2.4% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.001 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: CA$91.7k (up 168% from 2Q 2020). Net loss: CA$458.9k (loss widened 421% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
First quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.004 loss in 1Q 2020) First quarter 2021 results: Net loss: CA$212.9k (loss narrowed 27% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2020 earnings released: CA$0.014 loss per share (vs CA$0.022 loss in FY 2019) Full year 2020 results: Net loss: CA$994.4k (loss narrowed 33% from FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 12
New 90-day high: CA$0.37 The company is up 139% from its price of CA$0.15 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 83% over the same period. Annuncio • Feb 11
CO2 Gro Inc. Announces Commercial Feasibility with Satter Orchids of the Netherlands CO2 GRO Inc. announced its second commercial feasibility for its CO2 Delivery SolutionsTM technology in the E.U. with Netherlands based Satter Orchids ("Satter"). GROW's UK based Marketing Partner Rika Biofuel Developments Limited ("Rika") will lead the project in their exclusive Netherlands territory. The first commercial feasibility will be on a small portion of Satter's 4-hectare strawberry greenhouse for a term of six months with the goal of increasing berry fruit yield. Upon success, Satter will have the option of conducting a second larger 1-hectare commercial feasibility for another six months. Satter also operates a 4-hectare orchids greenhouse growing various strains of phalaenopsis. The Satter strawberry feasibility will proceed first as strawberries as a faster growing plant compared to orchids. Once Satter is satisfied with the benefits of CO2 Delivery SolutionsTM on commercially grown strawberries, their intention is to test the technology on their commercially grown orchids, based on the impressive results announced by GROW on December 1, 2020. Annuncio • Feb 03
CO2 GRO Inc. Announces First Leamington Ontario Greenhouse Commercial Feasibility with Prism Farms Ltd CO2 GRO Inc. announced its first Leamington, Ontario commercial feasibility with Prism Farms Ltd. Leamington and the County of Essex region is the greenhouse capital of Canada, with over 80 million square feet of greenhouses. The Prism project is also GROW's first commercial feasibility on tomatoes. Prism owns and operates 7.1 acres of glass greenhouses and 10.3 acres of plastic greenhouses for a total of over 750,000 square feet of greenhouse grow space. The commercial feasibility will be for a one full year crop cycle. This is due to variations in Prism's CO2 gas availability during the year. Prism generates waste CO2 gas from its Combined Heat and Power units (CHP). However, Prism has to vent heat during summer months and warmer spring and fall periods, which results in CO2 gas being vented. Consequently, the plant yield benefits of CO2 gassing are reduced during these venting periods which can exceed four months a year. This creates an opportunity for Prism to use CO2 Delivery Solutions to fully capture enhanced tomato yields during the hotter summer months as well as warmer spring and fall heat venting periods. Annuncio • Jan 29
CO2 GRO Inc. Announces a Commercial Feasibility with Plant Advanced Technologies PAT in France in Conjunction with Rika Biotech CO2 GRO Inc. announced its first commercial feasibility in the EU with Plant Advanced Technologies PAT. It is also the first partnership with its Marketing Partner Rika Biotech (“Rika”) that is exclusively representing CO2 Delivery Solutions™ in the UK, the Netherlands and Belgium greenhouse markets. The commercial feasibility is on medicinal plants and is the first on such plants other than Cannabis and hemp. PAT contacted GROW directly concerning CO2 Delivery Solutions™. While Rika is exclusive to certain EU countries, their experience in many other EU countries is valuable to help execute successful projects on a non-exclusive basis. PAT extracts medicinal, nutraceuticals, cosmetical and plant-protection compounds from various wild plant biomass and roots. Their 7.5 acres Nancy, France based greenhouse (30,000 m²) does not employ CO2 gassing. The commercial feasibility will run for 6 months in a small section of their greenhouse. Annuncio • Jan 22
CO2 Gro Inc. Announces the appointment of Darla Lanphear as Head of Sales CO2 GRO Inc. announced that Darla Lanphear will be the head of GROW’s sales with responsibility for individual sales representatives and sales teams in Mexico, Canada and the US (MCA) effective immediately. Darla has 23 years of experience as regional sales manager in the greenhouse, shade, shelter and playground industries with her last role heading East Coast territory sales for Paul Boers Manufacturing. Is New 90 Day High Low • Jan 21
New 90-day high: CA$0.26 The company is up 65% from its price of CA$0.15 on 21 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 75% over the same period. Annuncio • Jan 15
CO2 Gro Inc. Announces Average 20% Higher Pepper Yields Through Ten Weeks of Harvests At the Hidroexpo Commercial Feasibility CO2 GRO Inc. announced positive interim results from its CO2 Delivery SolutionsTM commercial feasibility on greenhouse grown peppers with Hidroexpo in El Salvador. On average, Hidroexpo is achieving 20% more pepper fruit production from the treatment group versus control group over the first ten weeks of the commercial feasibility as measured by kilograms of fruits harvested. The feasibility is being conducted in a one-hectare greenhouse with half the plants receiving aqueous CO2 misting and half receiving no supplemental CO2. Annuncio • Dec 10
CO2 GRO Inc Signs Exclusive Marketing Agreement with South Pharmacrop (Pty) Ltd CO2 GRO Inc. announced that it has signed an Exclusive Marketing Agreement with South Africa's Pharmacrop (Pty) Ltd. ("Pharm") to introduce and install CO2 Delivery SolutionsTM systems into covered horticulture markets in the Southern Africa Development Community (SADC) region. A 2020 GreenCape Sustainable Agriculture study for the South Africa ("RSA") Department of Agriculture stated there was a 171% and 55% growth during 2013-2018 in covered shade netting and tunnel grow facility hectares. Since that 2017-2018 census, an additional 2,822 hectares of shade netting grow structures have been added in RSA. RSA's covered grow market size is accelerating due to food security issues and high value fruit and nut export opportunities. Shade netting and tunnel grow facilities cannot supplement with CO2 gassing but can apply aqueous CO2 mist using GROW's CO2 Delivery Solutions. Annuncio • Dec 04
Co2 Gro Inc. Announces 30% Accelerated Flowering Results Using Co2 Delivery Solutions on C4 Orchids CO2 Gro Inc. announced accelerated flowering results in ornamental orchid species receiving supplemental CO2 via CO2 Delivery Solutions compared to a control grown under standard atmospheric conditions. This orchid grow trial began in April 2020 at Minnesota based St. Cloud State University's greenhouse facilities. As of mid-November, the CO2 supplemented orchids were achieving full bloom approximately three months faster than controlorchids. This is consistent with all other GROW scientific and commercial feasibility plant growth results which show benefit from CO2 supplementation delivered via aqueous CO2 misting. GROW's potential orchid greenhouse customer cannot use CO2 gassing due to heat constraints. Orchids account for about 10% of global fresh cut flower and potted plant trade. The Netherlands represents approximately 40% of the world orchid market followed by Thailand (28%), Taiwan (10%), Singapore (10%) and New Zealand (6%). Importing countries are Japan (30%), UK (12%), Italy (10%), France (7%) and the USA (6%) (Commercial Orchids pp 300). While most orchids grow from seed to sale in less than a year, GROW's trial is on orchids classified as C4 desert plants that take three years to grow from seed to sale. Most faster growing plants grown including certain orchids are in the C3 family where they intake CO2 during the day via opening their leaf stoma (pores) to absorb CO2 needs for photosynthesis. C4 desert plants shut their leaf stomat by day to minimize water evapotranspiration so they absorb and store CO2 at night for day photosynthesis. Annuncio • Nov 19
Sente Foundry LLC in Partnership with GrowRay Lighting Technologies and Nobo Select CO2 GRO Inc. to Participate in their Indoor Agtech Program Taking Place Virtually CO2 GRO Inc. (‘GROW’) announced that it has been selected by Sente Foundry LLC (‘Sente’), in partnership with GrowRay Lighting Technologies and Nobo to participate in their Indoor AgTech program taking place virtually through December 2020. Sente's Indoor AgTech program connects the participants with indoor and greenhouse customers. At the end of the program, at least three start-ups will be selected to pilot their technologies in a growing facility. Selected participants are: 1. AgEye Technologies, 2. FloEnvy, 3. Grownetics, 4. PhenoLogic, 5. iShence AgTech, 6. R.O.A.B., and 7. Universal Grow Controls. Reported Earnings • Nov 19
Third quarter 2020 earnings released: CA$0.004 loss per share Third quarter 2020 results: Net loss: CA$307.3k (loss narrowed 44% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 18
CO2 Gro Inc. Announces a Commercial Feasibility at an Iowa Based Strawberry Greenhouse CO2 Gro Inc. announced that it will install a Commercial Feasibility CO2 Delivery SolutionsTM VCO2 system in a portion of Iowa based DeJong Greenhouse's ("DeJong") 11,600 square foot strawberry cultivation greenhouse. In February 2017, Minnesota based Dan & Jerry's Greenhouses ("Dan & Jerry"), one of the top 100 greenhouse growers in the US, bought DeJong. This is GROW's first Commercial Feasibility with a strawberry greenhouse and in the state of Iowa. The objectives of the Feasibility are to assess the impact of CO2 Delivery SolutionsTM on faster fruit harvests, increased fruit production per harvest, Perimeter ProtectionTM against the spread of microbial pathogens and CO2 usage. While still small as a percentage of the global strawberry market, there is a trend towards building, expanding or repurposing more local greenhouses dedicated to growing strawberries in both the US and Canada. Year-round premium flavor from picking nearly ripe strawberries is driving this trend. Annuncio • Aug 18
CO2 Gro Inc. announced that it has received CAD 1.379843 million in funding from Ospraie Ag Science LLC and other investors On August 17, 2020, CO2 Gro Inc. (TSXV:GROW) closed the transaction. The warants are exercisable until February 12, 2022. Annuncio • Aug 07
CO2 Gro Inc. announced that it expects to receive CAD 1.379843 million in funding from Ospraie Ag Science LLC and other investors CO2 Gro Inc. (TSXV:GROW) announced a fully-subscribed private placement of 11,498,695 units at a price of CAD 0.12 per unit for gross proceeds of CAD 1,379,843 led by new investor Ospraie Ag Science LLC for CAD 1,200,000, on August 6, 2020. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.15 for eighteen months from the date of issuance. The transaction will include participation from insiders of the company for 1,498,695 units. Post the transaction Ospraie Ag Science LLC will own 10% stake in the company. Tom Wiltrout from Ospraie Ag Science LLC will join the company's board of directors subject to TSX Venture Exchange approval. No commission or finder's fee will be paid in connection with the transaction. The transaction is subject to approval of the TSX Venture Exchange. The securities issued pursuant to the transaction will be subject to a hold period of four months plus one day from the date of closing. 