Corporate PresentationFebruary 2018

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CO2 GRO Inc.October 2018

Corporate Presentation

This presentation contains certain forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to the effectiveness of CO2 GRO’s business model, future operations, products and services; the impact of regulatory initiatives on CO2 GRO’s operations, the size of and opportunities related to the markets for their products; general industry and macroeconomic growth rates, expectations related to possible joint and/or strategic ventures and statements regarding future performance.

The forward-looking statements contained in this presentation are made as of the date hereof. Unless required by law, CO2 GRO does not undertake any obligation to update publically or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise The Common Shares of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities of the Corporation in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 the content of this presentation.

CO2 GRO Inc.TSX-V - GROW.V, OTCQB - BLONF, FRANKFURT - 4021

BOC’s Exclusive CO2 Gas Infusion Patents

CO2 GRO’s Mission is to increase the growth of all value plants safely, economically and naturally using our patented advanced CO2 technologies

CO2 GRO’s Sole Focus is servicing plant growers and working with Agri-industrial partners to prove and adopt our CO2 technologies

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CO2 GRO’s Mission & Focus

BOC’s Exclusive CO2 Gas Infusion Patents

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CO2 GRO’s Patented Foliar Spray Technology

CO2 Foliar Spray

BOC’s Exclusive CO2 Gas Infusion Patents

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CO2 GRO’s Business Revenue Model

Technology site license to producer

Supply/install CO2 infusion equipment with remote monitoring

Easily integrated with existing irrigation systems

Site license/equipment lease based on proven value increase

~20% of proven value increase to CO2 GRO

CO2 GRO Gross Margins of 70% +

Global Food and Cannabis Production

Global Food Production$8 Trillion/y (2015)

Global Greenhouse Crops $340 Billion/y (2015)

Global Cannabis$50 Billion/y

(2022) Sources: agcensus.usda.gov; cuestaroble.com

Global CO2 Foliar Spray Plant Markets

Global Tobacco/Non-Food$1 Trillion/y (2016)

Accelerating Growth using Dissolved CO2

Global Retail Food, Non-Food & Buds $9 Trillion/y

25% Wholesale Value $2.25 Trillion/y

Half Irrigated $1.125Trillion/y

1% Irrigation Market Penetration $11.25 Billion/y

20% Higher Plant Yield Growth $2.25 Billion/y

10% Royalty on Higher Yield Growth $225 Million/y

Annual Dissolved CO2 Foliar Revenue Potential

BOC’s Exclusive CO2 Gas Infusion Patents

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CO2 GRO YTD 2018 Milestones Achieved

BOC’s Exclusive CO2 Gas Infusion PatentsQ4 2018 Milestone Targets

• File supporting patents to pending global PCT CO2 Foliar Spray patent

• More commercial indoor cannabis ACMPR grow trials (non-LP)

• Canadian cannabis LP trials – two targeted

• Further dissolved CO2 science and plant physiology – St. Cloud State U

• Urban Ag grow container technology Integration – The Growcer

• Advancing indoor micro greens trials with automated irrigation booms

• Advancing indoor flower and plug trials with automated irrigation booms

First Revenue Q4 2018

BOC’s Exclusive CO2 Gas Infusion Patents

Pending PCT Patent for Dissolved CO2 Foliar Spray; used on leaves for faster photosynthesis plant growth. ALL CO2 grow trials have shown major biomass weight and speed to maturity increases supporting patent claims.

US Patent 6,209,855 Gas infusion; US Patent 7,537,200 Controlled Atmosphere; licensed perpetual and royalty free for infusion of dissolved CO2 for growth of all value plants. Includes CO2 capture from any source.

Further Patent Developments from arising method IP with grow partners and plant science research at St Cloud State University.

CO2 GRO Patents and Patent Strategy

Accelerating Growth using Dissolved CO2 CO2 Foliar Spray vs No CO2 Control – Indica Cannabis

Accelerating Growth using Dissolved CO2 CO2 Foliar Spray vs No CO2 Control – Indica Cannabis

Accelerating Growth using Dissolved CO2 CO2 Foliar Spray vs 800 PPM CO2 Gassing Control - Lettuce

Control – CO2 gassing at 800 ppm**

Accelerating Growth using Dissolved CO2 Dissolved CO2 Vs Porous Stone CO2 Control - Algae

Accelerating Growth using Dissolved CO2 400%+ Chlorophyll A Increases Proven

Accelerating Growth using Dissolved CO2 800%+ Leaf CO2 Conductance and Stoma Porosity

The dramatic conductance increase is due to dissolved CO2 gas entering the entire leaf surface area while only leaf stoma pores absorb gaseous CO2

Accelerating Growth using Dissolved CO2 Top of Lettuce Leaf Proven to Absorb Dissolved CO2

CO2 Foliar Spray

CO2 Foliar Spray

Accelerating Growth using Dissolved CO2

Ongoing SCSU Plant Science Research with CO2 Foliar Spray:

Impacts on bugs, molds, mildews and E Coli

Impact on use of herbicides, insecticides, fungicides, algicides

Impact on plant water transpiration with reduced stomata size

Further Dissolved CO2 Plant Research at SCSU

BOC’s Exclusive CO2 Gas Infusion Patents

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Highest Value Indoors & Outdoors – Cannabis Buds

• A 1M sq. ft cannabis greenhouse grows 5 crops/year at $100M/crop. Our CO2 foliar spray cannabis grow trials add 1 crops/year with larger bud weight and faster plant growth.

• Potential of extra $100M/year revenue from 1M sq. ft. cannabis greenhouse. • Outdoor cannabis has one crop/year so value target is 25% more bud weight grown faster.

BOC’s Exclusive CO2 Gas Infusion PatentsBest Outdoor Value Areas and Crops For CO2 Foliar

• Best outdoor CO2 foliar spray value in North America is in arid California, Arizona, Southern British Columbia and Southern Alberta

• Best crops for outdoor CO2 foliar spray are cannabis, hemp, lettuce, tobacco, spinach, cabbage, potatoes, sugar beets, flowers and cotton

BOC’s Exclusive CO2 Gas Infusion PatentsBest Indoor Value Crops Using CO2 Foliar

• Best indoor CO2 foliar spray value in North America – microgreens, flowers, plugs• All typically use boom spraying for some / all of their irrigation cycles• Best “low hanging” fruit for CO2 GRO revenue generation

BOC’s Exclusive CO2 Gas Infusion PatentsUrban Ag Grow Containers With CO2 Foliar

• Urban Ag production growing at 5%+/year• CO2 GRO is in discussions with a number of potential Urban Ag partners• Significant arising IP and licensing opportunities to be shared with Ag partners like Growcer• Elon Musk: “there will be a grow container on every large roof in New York City”

Dissolved CO2 Saves Big $$

CO2 gas dissolved at 1300 ppm stays in water with little off-gassing but at 1300 ppm gassed, 60% of CO2 gassing is lost (OMAFRA)

CO2 foliar spray use yields 20% more plant value than CO2 gassing, saves $150k-

$300K/year in CO2 gas cost AND is safer for workers

1M Sq. Ft. Greenhouse CO2 Foliar Spray vs CO2 Gassing

A 1M sq. ft greenhouse uses 3,000 MT of CO2/year for 33% added plant growth

CO2 gassing costs $300K-$600K/y so 60% CO2 gassing losses cost $180K - $360K/y

BOC’s Exclusive CO2 Gas Infusion PatentsCommercial CO2 Foliar Spray Equipment

- Scalable

- Available

-Integratable

Accelerating Growth using Dissolved CO2

Basic Shares O/S as of October 1, 2018 55.91M

Warrants (20.1M at $0.20 expiring in Q4/18) 28.44M

Options 3.85M

FD Shares 88.20M

Note: Full warrant exercise – increases treasury by C$5M

CO2 GRO’s CAPITALIZATION TABLE

BOC’s Management & Board

John Archibald P. Eng. – CEO, Director

Founding Director of CO2 GRO. Principal of gas infusion companies Canzone and inVentures from 2000 to sale in mid-2017

Sam Kanes, CPA, CFA – VP Bus Dev, Director

Founding Director of CO2 GRO. Former Scotia Capital Managing Director Fertilizer and Chemicals Research from 1987-2011

Mike Boyd MBA– Director and Chair

Founding Director and former CEO of BG Acorn Capital Investment Fund and the Bridge Fund

Vincent Scalisi – Director

Former Chief Marketing Officer at IovateHealthsciences. CEO of InboxFitness.com

Dr. Gord Surgeoner – Director

Past President of Ontario Agriculture-Food Technologies (OAFT). Past Professor at U of Guelph. In Ontario Agriculture Hall of Fame

2018 CO2 GRO Board

Corporate PresentationFebruary 2018

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www.co2gro.ca

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