CO2 GRO Inc. announced a meaningful sales order. In response to many growers cost of borrowing doubling, CO2 GRO now provides a multi-year Pay for Use contract option that will help more greenhouse owners access company technology. The company multi-year Pay for use contract option is similar to a recurring revenue utility model.

This financial alternative is expected to establish long-term partnerships with growers and stimulate sales. Grower response has been positive as evidenced by this initial CAD 500,000 Pay for Use contract with a major Canadian vegetable greenhouse grower. CO2 GRO is working with several companies with international capabilities to provide equipment financing and receivables insurance to support these new multi-year Pay for Use Contract options.

The company believe these contract options will support access to more of the 700 billion square feet of agricultural facilities globally; and culminate in closing more sales that are already in pipeline of active inquiries, commercial feasibility, and potential sales.