TORONTO, ON / TheNewswire / April 11, 2018 - BlueOcean NutraSciences Inc. (TSX-V: BOC) ("BOC" or the "Company") is pleased to announce that commencing Thursday, April 12, 2018, the Company's common shares will commence trading on the TSX Venture Exchange ("TSXV") under its new name of CO2 Gro Inc. ("CO2 Gro") and its new trading symbol "GROW". Effective April 12, 2018, BOC's common shares will be delisted. Shareholders of the Company approved BOC's name-change at its recent Annual Meeting of Shareholders, held on March 26, 2018.
The TSXV has provided its final approval for the name-change and a bulletin has been issued. The Company's transfer agent, Computershare Investor Services Inc., remains unchanged and CO2 Gro's new CUSIP number is 12595N105. CO2 Gro's common shares that are issued and outstanding is 41,169,709.
About CO2 Gro Inc. (TSX-V: GROW)
GROW's mission is to accelerate all value plant growth naturally, safely, and economically using our patented advanced CO2 technologies.
GROW's sole focus is working with its plant growers and agri-industrial partners in proving and adopting our CO2 technologies for specific growers' plant yield needs.
The CO2 technologies work best by transferring CO2 gas into water and foliar spraying for use across the entire plant leaf surface area, which is a semi permeable membrane. The dissolved concentrated CO2 then penetrates leaf's surface area naturally like concentrated nicotine dissolves through human skin into the bloodstream from a nicotine patch.
Foliar spraying natural nutrients and chemicals on plant leaves has been used for over 60 years by millions of indoor and outdoor plant growers. To date, outdoor growers have not had any way to enhance plant CO2 gas uptake for faster growth.
The indoor method of CO2 gassing to enhance plant yields has also been used for over 60 years. However, over 50% of the CO2 gas is typically lost and becomes a greenhouse gas. Current greenhouse CO2 gassing levels used are not ideal for worker health and safety.
CO2 Gro's safer CO2 technologies can be used by both greenhouse and outdoor plant growers with minimal CO2 gas lost when CO2 is applied by foliar spray.
Target markets for CO2 foliar spray are the global retail food market at $8 trillion per year (Plunkett Mar 28 2017), the global retail non-food plant market at an estimated $1 trillion per year of which $770 billion/y is tobacco (British American Tobacco website).
This news release may contain forward-looking statements that are based on CO2GRO's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please visit www.co2gro.ca or contact Sam Kanes, VP Dev at 1-866-213-7525.