ANAHEIM, Calif., March 15, 2017 (GLOBE NEWSWIRE) -- Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, and a specialist in equity investments and mergers and acquisitions in the cannabis industry is pleased to update investors with a brief review of the Company’s notable first quarter’s advancements.
Opening the year in January with the acquisition of Biodynamics Greenhouse Technologies, an Akron, Ohio-based leader in controlled environmental agriculture (CEA), renewable energy and consumer hydroponics, the Company has thus-far built a robust nearly $33 million sales pipeline. Regarding recent developments, James Haas, CEO of Greengro Technologies, Inc. stated: “The establishment of financing is underway for two main venues; a $25 million sales contract and a 7.7 million dollar sales contract, both coming to the table with 50% down. With one of them approved and in underwriting The trajectory for this sector of our Company is continually broadening, we are very expectant about the future of this division.” Our third deal 7.5 million dollar Foodraiser is still locking up land and raising funds. https://greengrotech.com/finance/
On the heels of that acquisition, the Company entered an agreement to acquire a popular social network community, www.weedwall.com. With all the curiosity about marijuana and the cannabis culture, the Weedwall community brings enthusiasts from all over together to inquire, collaborate, and gain a deepening understanding of the numerous benefits and evolving nature of the growing industry.
Haas concluded: “As the industry continues to expand, so does our corporate vision, and market share. In consideration of the fact that sales bolstered from $556,515.25 in 2015 to 1,093,394.55 in 2016, Momentum for the remainder of this year is based on a nearly 100 % increase in revenues year over year. To be horizontally diversifying at this stage in the industry continues to prove very lucrative.”
As markets continue to open, creating evolving new industry demands, Management is keenly focused on the capitalization of congruent developing niches that seamlessly align with the Greengro’s core business model. The Company will keep shareholders updated as events unfold with the its new product line, as well as other projects currently underway.
“I remain as Greengro’s CEO,” said Haas, “but the company is growing so fast that we need a dedicated business professional in place to deal with public side information like annual reports, SEC filings and other material related to our shareholders. Our new president will be capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between the company, the financial community and our shareholders.”
About Greengro Technologies
Greengro Technologies is a world-class provider of eco-friendly green technologies and a specialist in equity investments and mergers and acquisitions in the commercial cannabis industry. Greengro Technologies is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial growing markets. The company's customers include restaurants, community gardens, and small- and large-scale commercial clients. Greengro Technologies also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational marijuana sectors. For more up-to-date information https://greengrotech.com/, like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl
WeedWall.com is the first legal marijuana social network focused on building conversations to educate and promote the legal marijuana market. WeedWall.com serves as a platform to allow patients and legal marijuana users access to world-class education and knowledge from everything on how to get a medical marijuana card to the nearest doctors and dispensaries to the latest deals on marijuana products. http://www.weedwall.com/home-1/
Biodynamics is an industry leader in Controlled Environment Agriculture (CEA), specifically commercial hydroponic vertical farms that use precision environmental control to protect crops from environmental elements and enable year-round production of high quality, locally grown produce. Biodynamics focuses on offering turnkey, fully automated, off-grid, state-of-the-art, high-tech hydroponic vertical farms as one of the market’s premier indoor CEA systems providers. The company’s target market of customers includes businesses and institutions in the field of produce production and distribution. Secondary markets include corporate R&D laboratories and university agricultural schools. Biodynamics’ Midwest offices are at 526 S. Main St., Akron, Ohio 44311. (P) 330-920-6040 (I) www.biodynamicscea.com; (Email) firstname.lastname@example.org
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.