CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) announced Tuesday the signing of an exclusive marketing agreement with South Africa's Pharmacrop (Pty) Ltd to introduce and install CO2 Delivery Solutions systems into covered horticulture markets in Southern Africa Development Community (SADC) region.
A 2020 GreenCape Sustainable Agriculture study for the South Africa (RSA) Department of Agriculture stated there was substantial growth during 2013-2018 in covered shade netting and tunnel grow facility hectares, the company noted. Since that 2017-2018 census, an additional 2,822 hectares of shade netting grow structures have been added in RSA.
RSA's covered grow market size is accelerating due to food security issues and high-value fruit and nut export opportunities. Shade netting and tunnel grow facilities cannot supplement with CO2 gassing but can apply aqueous CO2 mist using GROW's CO2 Delivery Solutions.
READ: CO2 GRO announces accelerated flowering results in ornamental orchid species receiving supplemental CO2
"I was really excited to discover the benefits which GROW is able to offer Southern Africa's covered facility farmers,” said Jason Field, principal of Pharmacrop. “CO2 enrichment offers a unique opportunity for them to enhance their plant yields and increase profitability.”
He added: “We have the perfect blend of technical knowledge and practical experience to be able to successfully offer GROW's innovative CO2 Delivery Solution to covered facility farmers that face unique agricultural challenges. Our team of professionals has an integrated plan to roll out CO2 Delivery Solutions in the SADC region to showcase the region's true agricultural potential."
Aaron Archibald, GROW’s VP of sales, said Pharmacrop has the necessary engineering and regional agricultural background to secure and support covered grow facility customers and install its CO2 Delivery Solutions technology in the Southern Africa region.
“We are delighted to work with Pharm marketing CO2 Delivery Solutions in the SADC, a significant covered grow facility market,” said Archibald
“We look forward to significant business development opportunities working with Pharm. The marketing agreement with Pharm is another milestone as we work to engage marketing partners to penetrate international markets."
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham
