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.
For more information, visit: 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.
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