CO2 Grow CEO John Archibald reflects on a "significant" year, expects further growth in 2021
CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) CEO John Archibald told investors Wednesday that the company is focused on significant revenue generating opportunities in 2021.
The CEO’s comments came as part of a corporate update and reflection on the agritech company’s milestones in 2020, when the firm signed multiple purchase agreements and announced direct sales of its Delivery Solutions technology, which helps greenhouses to achieve around 30% more plant yield.
READ: CO2 GRO selected for Canadian Technology Accelerator Cohort Program in Mexico
Archibald called 2020 – 4Q in particular – a period of “significant achievements” for CO2 GRO. The year saw the company achieve 18 CO2 Delivery Solutions sale agreements, announce three international marketing agreements, a fourth as part of a South American floriculture commercial feasibility, strengthen and increase its North American sales and support team, and announce a further 25 commercial feasibilities across hemp, cannabis, orchids, lettuce, strawberries roses and peppers.
On the financing front, the company completed a C$1.38 million non-brokered private placement with Ospraie Ag Sciences LLC, a leading agritech investor, as the lead participant and strategic partner.
In addition, the firm’s participation in numerous marketing conferences “significantly increased awareness of the benefits and recognition of the disruptive nature of our CO2 Delivery Solutions technology,” Archibald told shareholders.
“As a management team we continue to be long term shareholders having not sold any of our shares and we commit to not receiving cash compensation until the company is EBITDA positive. Our interests as a management team are aligned with those of our shareholders as we focus on building shareholder value.”
Focus for 2021
The group plans to focus on building upon 2020’s momentum by adding additional marketing partners, new commercial feasibilities, converting existing commercial feasibility projects into sales and pursuing direct sales of smaller systems.
“We are confident that CO2 Delivery Solutions will become an ever-increasing component of the international covered grower market as growers seek to capture up to 30% value increases using our technology,” Archibald said. “Our overriding goal for 2021 is to bring home significant revenue generating sales opportunities to increase shareholder value.”
Contact Angela at [email protected]
Follow her on Twitter @AHarmantas
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/938366/co2-grow-ceo-john-archibald-reflects-on-a--significant--year-expects-further-growth-in-2021-938366.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).