CO2 GRO selected for Canadian Technology Accelerator Cohort Program in Mexico

CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced Thursday it has been selected to participate in the Canadian Technology Accelerator (CTA) Cohort Program in Mexico with a focus on the Ag-Tech industry.

The CTA Program is managed by Canada’s Trade Commissioner Service to provide Canadian high-growth, market-ready companies support to access global markets.

The Toronto-based company noted that Global Affairs Canada, in making its selection, looked for a candidate with a product ready for market, differentiated technology, the potential to scale, and a qualified management team.

READ: CO2 GRO sells its third CO2 Delivery Solutions Commercial system to a licensed cultivator

And the Mexican Ag-Tech program, CO2 GRO added, had sought leading-edge Ag-Tech companies in areas of protected agriculture such as greenhouses, hydroponics, control and automation systems, management software, remote sensors, artificial intelligence (AI), and fertigation controls.

The company said an expert mentor on Mexico’s rapidly growing agriculture industry will be assigned to the program from February 1 through April 16 to help identify potential Mexico-based Strategic Ag Partners, customers, and distributors for selling and installing GROW’s CO2 Delivery Solutions systems.

CO2 GRO pointed out that Mexico’s greenhouse capacity exceeds 4 billion square feet, which is more than double the US and Canadian capacity combined of 1.5 billion sq/ft.

“Having an expert introduce us to key Mexican greenhouse owners could lead to multiple revenue opportunities for us,” said Aaron Archibald, VP of sales and strategic alliances, in a statement.

“We know greenhouse owners in hot countries cannot use CO2 gassing, missing out on up to 30% yield improvement. Our CO2 Delivery Solutions technology will enable them to supplement their plants with CO2 via aqueous CO2 misting, giving them the opportunity to significantly increase their yields.”

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