Greengro Technologies, Inc. (OTC PINK: GRNH), a world-class provider of eco-friendly green technologies, announces today that it has purchased a 20 litre supercritical CO2 extraction machine for its all new turn key extraction labs. This system utilizes high-flow pumps and large capacity extraction columns to rapidly recover essential oils from various botanical sources.
As testing of this turn-key modular processing laboratory model progresses, this purchase will enable Greengro to fully evaluate the functional compatibility of this quality line of extraction equipment. With the addition of cutting edge modular laboratory structures, the extraction facility’s design is crowned with a structure as advanced as the laboratory’s instrumentation and processes.
According to research cited on Cannabis Business Times in May of this year, CO2-extracted (85 percent) CBD oil is selling wholesale for $45,000 per kilogram. Greengro recently announced the Company’s plan to expand its reach into the cannabis marketplace with a strategy to sell cutting-edge laboratories utilizing advanced Supercritical CO 2 Extraction equipment for the manufacturing of Premium Grade CBD products. “This well-equipped laboratory set up is expected to become one of the Company’s favored offerings. We have collaborated for excellence in our design, with every consideration calculated for a highly successful processing environment,” stated James Haas, CEO of Greengro Technologies, Inc.
Greengro intends to package the technology into a turn-key system that will bring excellence in product quality to the industry through independent franchise locations expected to soon span the country. Slated to provide commercial-scale pharmaceutical grade laboratories capable of producing superior quality cannabis extracts in bulk, Management has considered every aspect from premium housing to seed-to-sale traceability software and analytics, in its effort to create and facilitate the production of safe and consistent products.
The size of the market for legal marijuana in the United States is projected to grow to $7.1 billion in 2016, according to a report by New Frontier and ArcView Market Research. That represents 26% growth over the previous year, according to research cited on Forbes.com website. Greengro adheres to the growing understanding that CBD oil offers tremendous potential in the medical field. Hemp is an environmentally-friendly and textile-ready natural fiber that remains grossly underutilized.
CBD has, through anecdotal research, revealed great healing potential. Treatments utilizing Cannabis/Hemp is shown to be effective in relieving symptoms of a wide range of critical conditions, including: rheumatoid arthritis, diabetes, alcoholism, PTSD, epilepsy, antibiotic-resistant infections, neurological disorders, and muscular dystrophy.
The Company will keep shareholders updated as events unfold with the its new product line, as well as other projects currently underway.
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