CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) has announced the commercial installation sale of its CO2 Delivery Solutions system to a British Columbia-based licensed cultivator.
In a statement, CO2 GRO noted that the contract is another direct commercial installation sale without a feasibility study.
The customer based its decision on CO2 GRO’s existing plant science data and testimonials from other users of the CO2 Delivery Solutions, the company said.
READ: CO2 GRO provides review of first-quarter 2021 operations and business prospects for the balance of 2021
The Toronto-based company added that the system will be installed in a 4,200 square-foot greenhouse that currently does not supplement with CO2.
CO2 GRO’s CO2 Delivery Solutions can help greenhouses achieve up to 30% more plant yield consistently throughout the year.
"This is another direct commercial installation sale to a Canadian-licensed cultivator,” said Aaron Archibald, the company’s vice president of sales and strategic alliances.
“As more licensed cultivators adopt our technology, we expect more prospects to purchase systems directly as a commercial installation. Our goal is to reduce the sales cycle so growers can begin providing their plants with additional CO2 and start generating higher returns sooner."
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham