CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) has announced another CO2 Delivery Solutions technology trial in a Canadian cucumber greenhouse.
The grower required confidentiality as to greenhouse size, location and name, Toronto-based CO2 GRO said.
The trial's goals are to demonstrate CO2 Delivery Solutions' ability 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, thereby increasing overall grower margins.
READ: CO2 GRO launches grape tomato phase of vegetable trial with The Cucumber Man
"Our plant mix in 2022 year-to-date trials has favored traditional high volume vegetable growers in North America and the EU as well as high-value flower growers in Colombia and Ecuador,” CO2 GRO’s vice president for sales and strategic alliances Aaron Archibald said in a statement. “We are now gaining traction with greenhouse vegetable and flower growers who typically operate much larger facilities than our Canadian Cannabis customers.”
Citing Greenhouse Canada, CO2 GRO said there were a total of 838 commercial greenhouse vegetable operations with 17.6 million square metres of production area which produced nearly 664,450 metric tons of vegetables in 2019. Tomatoes accounted for 37% of the total greenhouse vegetable sales, followed by cucumbers (31%) and peppers (28%). The acreage has increased 21% over the last five years and 48% over the last decade.
The company noted that Ontario continued to lead the greenhouse vegetable sector in 2019, representing 69% of the total production in Canada, followed by British Columbia and Quebec, with 18% and 6% respectively.
“The greenhouse vegetable and flower market offers us the largest opportunity to demonstrate the benefits of our technology and commercial revenue for the company,” Archibald added. “The results of the trials should enable us to accelerate our commercial revenue growth.”
CO2 GRO’s advanced CO2 delivery solutions are aimed at increasing the growth of all indoor and outdoor value plants. The firm's solutions increase clients' plant yields in a safe, sustainable, and economic way.
The company’s technology creates 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%. Applying dissolved CO2 also suppresses the development of pathogens, helping to reduce crop losses.
Contact the author at stephen.gunnion@proactiveinvestors.com