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CO2 GRO Inc. (OTCQB: BLONF) announced the Board of Directors approved the issuance of 4,125,000 Restricted Share Units (RSUs) to its directors, employees, and consultants. The RSUs will vest upon meeting performance criteria and require a payment of $0.11 each for conversion into common shares. Currently, 10,436,606 common shares are reserved under the 2022 Equity Incentive Plan, with 3,421,064 options and 5,607,669 RSUs remaining. The company aims to enhance crop yields by using their proprietary CO2 Delivery Solutions technology, which significantly reduces CO2 gas consumption.
CO2 GRO Inc. (OTCQB: BLONF) reported its Q3 2022 financial results, showing revenue of $167,000. The company holds $1.3M in cash as of September 30, 2022. CEO John Archibald emphasized stronger revenue growth and an optimistic sales order pipeline exceeding 200 million square feet. Notable trials for their CO2 Delivery Solutions™ are underway across various regions, focusing on vegetables, flowers, and other crops. The company anticipates increased sales due to high greenhouse input costs and food inflation, aiming for more orders in 2023.