“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,” according to James Haas, CEO of Greengro Technologies, Inc.
GRNH announced it has received a $600,000 down payment on a $7.4 million flagship three-acre turnkey off-grid PV-solar glass greenhouse from Fresh Local Produce of Ohio, an indoor hydroponic farming company based in Akron, Ohio. The companies expect to be breaking ground on the new facility in the third quarter of 2017.
GRNH opened January, 2017 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.
GRNH 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.
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.
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