Toronto based CO2 GRO (GROW) has signed an exclusive marketing agreement with UK based Rika to market and sell GROW’s aqueous CO2 Delivery Solutions systems into the United Kingdom (UK), Netherlands and Belgium greenhouse markets.
Rika will help drive the marketing, sales, installation and customer service for CO2 Delivery Solutions systems within the three geographic markets.
Rika has a one-year rolling exclusivity in the UK, Netherlands and Belgium based on minimum sales targets achieved.
Rika will purchase CO2 Delivery Solutions system components from GROW with pricing on a project-by-project basis for resale to Rika customers.
Gregory Krupnikovs, a principal of Rika, commented, “We began exploring how we could work together with GROW in early 2020. Biogas is typically 40% CO2, so that CO2 goes back into the air once the biogas is burned. We see a business model to cleanly capture CO2 from biogas using innovative methods and providing that CO2 for use in greenhouses through GROW’s highly efficient aqueous CO2 Delivery Solutions.”
According to John Archibald, GROW’s CEO, “One of our 2020 Goals was to find an Agri-Industrial Partner to represent our aqueous CO2 Delivery Solutions misting systems into select EU markets. Rika’s engineering-based sustainability business model and EU market penetration to date is an ideal fit to represent our first commercial efforts into the vast EU greenhouse market.”