CO2 GRO Inc. Announces Delay in Annual Filings and Expected Cease Trade Order Pending Completion

TORONTO, ON / ACCESSWIRE / April 26, 2024 / CO2 GRO Inc.. ("CO2" or the "Company") (TSXV:GROW) announces a delay in the filing of its audited annual financial statements (the "Financial Statements"), management's discussion and analysis and related chief executive officer (CEO) and chief financial officer (CFO) certifications (collectively, the "Annual Filings") for the financial year ended December 31, 2023, such filings due by April 29, 2024.

As a result, the Company will be noted in default by applicable securities regulatory authorities in Canada, and expects that the Ontario Securities Commission ("OSC"), as principal regulator, will issue a 'failure-to-file' cease trade order ("CTO") in accordance with the principles and guidance set out in National Policy 12-307 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions of the Canadian Securities Administrators ("NP 12-307"). The CTO will prohibit any direct or indirect trading in securities of CO2 for so long as it remains in effect, in all Canadian jurisdictions in which the Company is a reporting issuer as well as certain other Canadian jurisdictions based on the provisions of local securities legislation, and will remain in effect until after the Annual Filings have been filed. The CTO will result in a suspension of the Company's common shares from trading on the TSX Venture Exchange ("TSXV"), and continue until the CTO is revoked and all TSXV requirements are satisfied. There is no assurance that the Company will be able to remedy its filing default and have the CTO and TSXV trading suspension revoked in a timely manner, or at all.

The Company has struck a committee comprised of three independent members of its Board of Directors to oversee all discussions arising with interested parties on future strategic initiatives of the Company, including possible partnerships or sales of assets.

The Company intends to provide updates if and when necessary in accordance with applicable securities laws.

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.

About CO2 GRO Inc.

CO2 GRO Inc. is a precision ag-tech, clean-tech company with a focus on people, the planet and prosperity. Our vision is to become one of the leading companies enhancing global food production from protected agriculture. By helping our customers sustainably increase yield and profitability, we could help feed up to half a billion people worldwide while reducing our customers' ecological footprint.