Toronto based CO2 GRO has sold a CO2 Delivery Solutions™ Commercial Installation to a British Columbia based smaller cultivator for medical Cannabis licensed under the Cannabis Act.
Micro and Smaller Cannabis Cultivator Momentum and Opportunity
"CO2 GRO has established considerable success with micro and smaller Cannabis and hemp cultivators across Canada and the U.S. Growers who operate cultivation facilities under 10,000 sq. ft. of canopy," CO2 GRO team explains. "Whether indoor or smaller hoop and greenhouses, all benefit from CO2 Delivery Solutions with up to 30% yield enhancement and pathogen Perimeter Protection while realizing significant CO2 cost savings compared to atmospheric CO2 gassing. Canada currently has 106 micro-cultivation licensees who can operate facilities with up to 2150 sq. ft. of Cannabis canopy. States in the U.S. have various regulatory frameworks that accommodate smaller cultivation operations. With additional jurisdictions in the U.S. approving some form of Cannabis legalization, a November 4, 2020 Marijuana Business daily reported the changes in legislation could generate USD$2.5 billion in additional sales by 2024. GROW's CO2 Delivery Solutions is well-positioned to benefit from these positive industry trends."
According to Aaron Archibald, CO2 GRO's VP of Sales & Strategic alliances, "We are pleased to have our second 'straight-to-Commercial Installation' sale. We are finding a receptive niche with micro and smaller Cannabis and hemp growers where our CO2 Delivery Solutions systems have now been proven to provide rapid financial benefits to them. These customers can also provide more referrals and testimonials to help accelerate the adoption of our aqueous CO2 technology."