CO2 GRO Inc. Announces an Agreement with Rancho Nexo to Market CO2 Delivery Solutions(TM) in Mexico’s Protected Agriculture Market

TORONTO, ON / ACCESSWIRE / June 2, 2021 / Toronto based CO2 GRO Inc. ("GROW") (TSXV:GROW)(OTCQB:BLONF)(FRA:4021) is pleased to announce that it has entered into an automatically renewable one-year Agreement (the "Agreement") with Rancho Nexo ("RanchoNexo") to market and support CO2 Delivery Solutions™ technology in Mexico's protected agriculture market. RanchoNexo is an Ontario and Mexico Corporation with Mexican associates carrying on the business of promoting largely Canadian technologies in the Mexican market.

Under the terms of the Agreement, the parties have agreed to enter into a long term Sales & Marketing Agreement providing RanchoNexo with use of CO2 Delivery Solutions™ technology for Mexico's protected agriculture market. RanchoNexo has the Mexican capabilities to sell, assist in engineering, installation and commissioning of GROW's CO2 Delivery Solutions™ systems.

RanchoNexo and GROW will account for all project revenues and costs to deliver each project including external engineering, contracting, procurement of products, site commissioning and related travel to produce a net project revenue that will be shared at an agreed upon ratio.

Mexico's Protected Agriculture Market Number Two Globally 

The Mexican protected agriculture market includes hoop, shade and tunnel grow houses as well as greenhouses, all of which can easily employ CO2 Delivery Solutions™ technology to increase plant yields by up to 30% and profits by up to 100%. According to SADER, Mexico's 2019 protected agriculture area was 54,150 hectares or 5.8 billion square feet. Mexico is the number two protected agriculture market globally after China's and similar in size to Spain's. The Mexican market is comprised of 46% shade houses, 28% tunnel houses and 26% greenhouses, mostly located in Sonora, Sinaloa, Jalisco and Michoacán states. Produce grown by acreage are, tomatoes by far first, bell peppers second, and cucumbers third with berry acreage rapidly increasing. All of Mexico's protected grow facilities can use GROW's CO2 Delivery Solutions™ misting technology regardless of heat venting requirements and facility porosity.

According to Ontario and Mexico City Mexico based RanchoNexo Principal Matt Grant "We were introduced to GROW during Canada's Q1 2021 Mexico Trade Commissioner Ag Tech Program and are delighted to now be representing GROW in Mexico via our Mexico Partner Jose Moreno. His engineering background, multi-disciplined Mexican staff and extensive network will help accelerate the sales and installations of CO2 Delivery Solutions™ systems enhancing the profitability of Mexico's protected growers."