CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has told investors that three months into a commercial feasibility study using its CO2 Delivery Solutions system at a California greenhouse yield targets are being met and its Pathogen Perimeter Protection is also successfully suppressing powdery mildew.
In a progress update, the Toronto-based company said both factors are a key focus of the commercial feasibility.
The greenhouse facilities, which are being kept confidential for competitive reasons, are expanding to 20 acres (800,000 sure feet) over the course of 2022, CO2 Gro said. The commercial feasibility will run for at least another six months until a decision is made to purchase a commercial installation for a portion or all of the 800,000 square foot expansion, it added.
READ: CO2 GRO says its CO2 Delivery Solutions system commences operation at Colombia rose commercial facility
"To date, the CO2 Delivery Solutions system is performing as expected by the customer,” vice president for sales and strategic initiatives Aaron Archibald said in a statement.
“As we learn more about the facility's growing conditions, we will be able to adjust our protocols in order to further enhance and optimize the technology's performance. We will continue to monitor results from the commercial feasibility and discuss a potential commercial installation sale in 2022,” Archibald added.
CO2 GRO's proprietary CO2 Delivery Solutions technology is revolutionizing the global 600 billion square foot protected agriculture industry. The company is focused on creating a dissolved CO2 solution that when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields by up to 30% and profits by up to 100%.
Contact the author at stephen.gunnion@proactiveinvestors.com