Category

Press Releases

GREENGRO CEO INTERVIEWED ON NBC AND FOX NEWS REGARDING PLANS TO DEVELOP 160-ACRE HEMP FARM AND RESEARCH FACILITY

By | News, Press Releases

GREENGRO CEO INTERVIEWED ON NBC AND FOX NEWS REGARDING PLANS TO DEVELOP 160-ACRE HEMP FARM AND RESEARCH FACILITY

ANAHEIM, CA – JULY 09, 2019 (GLOBE NEWSWIRE)GreenGro Technologies, Inc. (OTC: GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that its Chief Executive Officer, Matthew Burden, was interviewed last week on NBC Channel 4 News and Fox News Channel 11 relating to the Company’s announcement that it will be converting a 160-acre property in Nevada into a hemp farm and research facility.  A link to the news clip can be found by visiting  GreenGro to Convert 160-Acre Nevada Property on NBC and FOX News.

The media coverage followed the Company’s announcement that it has entered into a joint venture with Art Cortez dba Acs American, Inc., to develop a 160-acre CBD and hemp farm in Washoe County, Nevada. With a plan to obtain a Nevada Industrial Hemp Grower, Handler and Seed Producer License by the third quarter of next year, the farm will serve multiple purposes and function as a multi-use research center.

Projects will include producing and maintaining hemp and CBD nurseries, performing geno testing, hemp extractions, developing grow seeds, the construction of site facilities for labs and testing, and more. With such a property and all its low-THC, high-CBD hemp seeds to be provided by GreenGro Technologies’ recently secured Southern California farm, the breadth of possibilities in Washoe County is considerable. The joint venture’s ownership structure will be split 66% for CBD Ventures and 34% Art Cortez.

To be added to the Company’s investor or media lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com.

For more information about GreenGro Technologies and its solutions, visit www.greengrotech.com.

About GreenGro Technologies

GreenGro Technologies (OTC :GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry.  The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD production and Genobreeding development.  Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model.  Additional details can be found by visiting the Company’s website at www.greengrotech.com.

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 several 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.

 

GREENGRO TECHNOLOGIES ANNOUNCES SALE OF 90,000 HEMP SEEDS FOR FIRST SALE SINCE EXPANSION INTO THE HEMP SEED MARKET

By | News, Press Releases

GREENGRO TECHNOLOGIES ANNOUNCES SALE OF 90,000 HEMP SEEDS FOR FIRST SALE SINCE EXPANSION INTO THE HEMP SEED MARKET

GreenGro Technologies Recognizes Revenue from Initial Contract Just Weeks after Launching in Current Second Fiscal Quarter

ANAHEIM, CA – JUNE 26, 2019GreenGro Technologies, Inc. (OTC: GRNH), a provider of eco-friendly green technologies for the cannabis industry, announced today that in less than 30 days since the launch of the Company’s hemp seed farm in Southern California, CBD Ventures Inc.— a CBD and hemp focused division of GreenGro Technologies which oversees the hemp seed farm — has already signed its first contract and completed its first sale.  This near-immediate success is in direct correlation to the growing demand for high quality CBD hemp seeds which GreenGro Technologies is perfectly situated to develop and distribute, particularly with the science contributed by its Genobreeding Division. In a study by Wall Street research firm Cowen and Company, 2018 retail sales of CBD consumer products in the U.S. were estimated to total between $600 million and $2 billion. Conservative estimates forecast sales to reach $16 billion by 2025, which includes health and wellness products, food & beverage, beauty, and vapor items.

Company Adds Eight Sales Executives to Develop and Support the Hemp and Seed Business

As the Company builds its footprint across the nation, GreenGro Technologies is focused on ensuring it will have the capacity to meet the market’s growing demand and expects to further strengthen its position through a combination of joint ventures and strategic alliances in key geographic regions outside of California.  As part of this effort, the Company has already added eight outside sales executives to its management team as it ramps-up its hemp seed business to meet anticipated growing demand.  The new sales team will report directly to Chairman, James Haas, who has been focused almost exclusively on spearheading the Company’s business development efforts since relinquishing his prior role as CEO to Matthew Burden, an accomplished senior executive whose qualifications have been instrumental in placing the Company on track towards expansion and profitability since his recent appointment.

“Due to the market’s instant demand for our feminized low-THC, high-CBD hemp seeds, the Company feels this is a clear testament of our efforts to grow the reputation as a company who is able to develop and distribute large quantities of CBD hemp seeds with the highest quality standards across each and every single seed,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc. “This is a direct result of our strategic initiatives playing out as planned beginning with our restructuring and cost savings plan followed by the creation of our three key revenue centers, CBD Ventures, Cannabis Ventures and Genobreeding, which is able to leverage the strengths of the other to maximize our true potential. As we continue to emerge as a truly vertically integrated company in the cannabis space, we are  confident that our CBD hemp seed farm will prove both profitable and a key to solidifying our footprint across the nation as we continue implementing our growth strategy,” concluded Mr. Burden.

To be added to the Company’s investor or media lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com.

For additional information regarding GreenGro Technologies please visit GreenGro Technologies, Inc. at www.greengrotech.com.

About GreenGro Technologies, Inc.

GreenGro Technologies, Inc. (OTC: GRNH) is a vertically integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry. The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD Ventures, Cannabis Ventures, and Genobreeding. Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model. Additional details can be found by visiting the Company’s website at www.greengrotech.com.

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 several 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.

NEW GREENGRO CEO TO PRESENT NEW GROWTH STRATEGY AND PATH TO PROFITABILITY ON “CEO MONEY” RADIO SHOW

By | News, Press Releases

NEW GREENGRO CEO TO PRESENT NEW GROWTH STRATEGY AND PATH TO PROFITABILITY ON “CEO MONEY” RADIO SHOW

Company Operating on All Cylinders as it Shifts Focus Towards Earnings Growth and Building of Shareholder Value

ANAHEIM, CA – JUNE 13, 2019 – GreenGro Technologies, Inc. (OTC: GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that its recently appointed Chief Executive Officer, Matthew Burden, will appear as a guest on the radio show “CEO MONEY” on Thursday, June 20, 2019 at 2:15 pm PT.

“Our recently implemented strategic initiatives should enable us to emerge as one of the most modern, dynamic and effective cannabis business models focused on one primary goal — the building of shareholder value,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc.  “We have successfully restructured the company into three complementary business divisions – – CBD Ventures , Cannabis Ventures and Genobreeding with each division expected to contribute positively to our earnings growth looking ahead.  I am looking forward to discussing the significance of these revenue drivers next week and how they should enable us to emerge financially healthier and operationally stronger than ever in our history,” concluded Mr. Burden.

To listen to the live interview of “CEO MONEY,” please visit www.wfn1.com/listen-live.

For more information about GreenGro Technologies and its solutions, visit www.greengrotech.com.

About WFN1

WFN1 discovers new and interesting companies and industries with great stories that are interesting and potentially rewarding to the investors.  The interviews with business leaders are designed to improve the public awareness of the innovative companies and their productive ideas.

For more info. on WFN1, please visit www.wfn1.com.

About GreenGro Technologies

GreenGro Technologies (OTC :GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry.  The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD production and Genobreeding development.  Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model.  Additional details can be found by visiting the Company’s website at www.greengrotech.com.

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 several 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.

GREENGRO TECHNOLOGIES LAUNCHES EXPANSION INTO CBD HEMP SEED MARKET

By | News, Press Releases

GREENGRO TECHNOLOGIES LAUNCHES EXPANSION INTO CBD HEMP SEED MARKET

Company’s CBD Ventures and Genobreeding Divisions to Spearhead Build-Out of Four-Acre Farm Focused Exclusively on Consumer’s Increasing Demand for CBD Hemp Seeds

ANAHEIM, CA – JUNE 6, 2019 – GreenGro Technologies, Inc. (OTC: GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, announced today that its CBD Division has secured a four-acre parcel of real estate in Southern California to propagate feminized low-THC , high-CBD hemp seeds, forming an entire new revenue channel that could represent nearly a large portion of the Company’s revenues for the current Fiscal 2019 ending December 31, 2019.

“The revenues that will be generated by our launch into the sale of hemp seeds should enable us to continue to improve all of the other divisions that today form GreenGro Technologies,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc.  “We expect the sale of those seeds during to have a significant positive impact on both our revenue and bottom line since the costs associated with producing hemp seeds are expected to be significantly less than the revenue that the sale of the seeds will generate.  This latest initiative is just one of many examples of why and how GreenGro is positioned to accelerate its revenue and earnings growth at the fastest pace in its history going forward,” concluded Mr. Burden.

The CBD hemp seed market is a large and rapidly growing segment of the cannabis industry which is being driven by consumer demand for healthier and more nutritious ingredients, which can be found in plentiful amounts in CBD hemp seeds.  The Company’s hemp seeds are expected to have a number of significant competitive advantages since its Genobreeding Division will provide the key stable genetics for the seeds which will also be grown in the Company’s unique and proprietary greenhouses.  In doing so, the Company will ensure its vertically integrated process will yield the most amount of hemp seeds while maintaining one of the leanest cost structures possible to ensure immediate profitability.

GreenGro’s management team believes the recent passage of the 2018 US Farm Bill, which removed federal prohibitions on the cultivation and sale of industrial hemp in the US, subject to compliance with applicable regulations, is a very positive development for the market and its shareholders. Industry research organizations have been projecting substantial growth in the hemp-derived cannabinoid market over the next several years. One such organization, the Brightfield Group, published an article in September 2018 projecting the industrial hemp-derived CBD market could increase to over $22 billion in less than three years.

“Our CBD Ventures  and Genobreeding Divisions are launching into the cannabinoid-rich industrial hemp space in its infancy, with tremendous growth potential lying ahead as well as an opportunity to capture first mover advantage,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc.  “Our expertise in the cannabis industry, access to superior genetics together with the strength of our history as one of the premier manufacturers of legendary greenhouses well-positions us to rapidly establish and grow our presence across the CBD-hemp seed sector of the cannabis industry.

Based on the Company’s extensive experience in developing greenhouses, the Company estimates the its four-acre operation could contribute at least $2 million to its current Fiscal 2019 bottom line in its first full year of operation. The seed is empirically proven to produce low-THC (< 0.003% concentration) and high-CBD (12% – 22% concentration) flower biomass. The current wholesale value for such seed is estimated to range from $15,000 to $30,000 per pound.  The Company expects its hemp seed project to be fully operational by the end of the third quarter with expectations of initial revenues to be generated as early as the fourth quarter of this fiscal year.

To be added to the Company’s investor or media lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com.

For additional information regarding GreenGro Technologies please visit GreenGro Technologies, Inc. at www.greengrotech.com.

About GreenGro Technologies, Inc.

GreenGro Technologies, Inc. (OTC: GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry. The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD Ventures, Cannabis Ventures, and Genobreeding. Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model. Additional details can be found by visiting the Company’s website at www.greengrotech.com.

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 several 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.

GreenGro Technologies Expects Its Restructuring and Strategic Transformation Should Enable Company to Achieve Its Strongest Financial Year Since Inception

By | News, Press Releases

GreenGro Technologies Expects Its Restructuring and Strategic Transformation Should Enable Company to Achieve Its Strongest Financial Year Since Inception

Highlights:

  • Company begins to recognize initial revenues from April 1 management contracts
  • New CEO initiates process to accelerate strategic transformation and facilitate financial restructuring
  • Announces intent to reorganize around three core business divisions with performance measured at division-level EBITDA
  • Implements Board and management changes in support of restructuring process; Transitions CEO responsibilities from Founder James Haas to government contract veteran Matthew Burden who also is Chairman of Independent Restructuring Committee
  • Strategic initiatives underway should enable Company to achieve its strongest financial year since its inception
  • 2019’s restructuring enables GreenGro to capitalize on recently passed Farm Bill while favorably positioning Company to benefit from potential cannabis legalization at Federal level


ANAHEIM, CA – MAY 17, 2019 –
GreenGro Technologies, Inc. (OTC: GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that, under new management’s direction, it has implemented a series of actions with the intention to position the Company to establish a sustainable capital structure, continue streamlining its operating model and achieve and grow profitably for the long term.

“Over the past several years, GreenGro has worked hard to capitalize on the emerging cannabis industry in Southern California,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc. “While the Company has made significant progress in establishing a strong footprint in the Southern California market, it has yet to deliver the results our shareholders have rightfully so desired. However, we believe those expectations will significantly change under our new management’s strategic transformation and financial restructuring, which I am proud to report has already begun to generate the return on invested capital we have been pursuing.

“As a result, we are making significant progress towards unlocking the true value of our assets and intellectual property, which should enable us to deliver what likely will be the strong financial year since our inception. These achievements, which are only possible due to the expected stellar performance at our Cannabis, CBD and Genobreeding Divisions, should provide us with the flexibility to strengthen our balance sheet, enabling the Company to accelerate its strategic transformation, continue right sizing its operating model, and invest for what could be the industry’s breakthrough year in 2020 — the initial stages of legalizing cannabis at the Federal level.”

New CEO Implements Strategic Initiatives

Under Mr. Burden’s direction, the Company intends to reorganize around a smaller footprint of the Company’s three core divisions, which will all be measured based on their individual key performance indicators (KPIs), EBITDA and cash flow return on invested capital. “I want to ensure our long-term and loyal shareholder base is fully aware of one of my highest priorities as the new CEO, which will be direct accountability and transparency to all of our investors, old and new, as we look forward together in building GreenGro Technologies into the cannabis powerhouse it was always intended to become. As part of this new measure, you can expect the Company’s participation in quarterly investor conference calls, presentations at small-cap investor conferences as well a complete overhaul of our financial reporting practices as will be required and in-line with my plans to uplist the Company to a more senior stock exchange,” concluded Mr. Burden.

For additional information about GreenGro Technologies and its solutions, please visit www.greengrotech.com.

About GreenGro Technologies, Inc.

GreenGro Technologies, Inc. (OTC: GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry. The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD Ventures, Cannabis Ventures, and Genobreeding. Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model. Additional details can be found by visiting the Company’s website at www.greengrotech.com.

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 several 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.

GREENGRO TECHNOLOGIES NAMES MATTHEW BURDEN AS INTERIM CHIEF EXECUTIVE OFFICER

By | News, Press Releases

Appointment Part of Company’s Ongoing Restructuring and Cost-Savings Plan

ANAHEIM, CA – APRIL 23, 2019 – GreenGro Technologies, Inc. (OTC: GRNH), an established provider of eco-friendly green technologies for the cannabis industry, announced today that it has appointed Matthew Burden as its interim Chief Executive Officer. Burden, an 18-year veteran in the federal sector as a government contractor. Mr. Burden brings a broad range of operations, business and senior management experience to the Company.  Mr. Burden will succeed James Haas as CEO, who will still maintain his role as Chairman of the Board.

“I am looking forward to leveraging my expertise in the government sector, which is particularly valuable in the cannabis industry, to benefit GreenGro and its shareholders,” said Burden.  “As the Interim CEO, I will be working closely with the Board and our growing executive team to serve our expanding client base and execute on our growth strategy to bring revenue growth to the Company this year,” concluded Burden.

Prior to his role at GreenGro, Burden has held senior executive and consulting roles in both federal and traditional business. He was CEO/Operations Manager for Basco Group for nearly a decade, leading the company in its federal and military construction projects and contracts throughout the world. He was also Operations Manager at CopperTop Enterprises, Inc., where he managed daily operations and quality control for all of the company’s construction contracts and projects globally. Most recently, Burden has served as an independent consultant providing project analysis, budgeting and other expertise to The Agency real estate firm. He holds a number of construction, government and related certifications.

“On behalf of the Board of Directors, we are excited to have an executive with such broad experience and impressive track record as our new Interim CEO,” said James Haas, Chairman of the Board of GreenGro Technologies, Inc.  “With nearly 20 years of experience working with the federal government, Matthew has a deep understanding of the evolving regulatory issues impacting the cannabis industry and how best to position GreenGro to capitalize on such expected changes.  His unique background coupled with track-record of growing successful companies makes him an ideal choice to lead GreenGro its Interim CEO,” concluded Haas.

For additional information about GreenGro Technologies and its solutions, please visit www.greengrotech.com.

About GreenGro Technologies, Inc.

GreenGro Technologies (OTC :GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry.  The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD production and Genobreeding development.  Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model. Additional details can be found by visiting the Company’s website at www.greengrotech.com.

 

(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 several 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.)

 

Matthew Burden CEO

1676 W Lincoln

Ana Cal 92801

Info@greengrotech.com

GREENGRO TECHNOLOGIES SIGNS KEY CONTRACTS

By | News, Press Releases

New Management Contracts for both Cannabis Ventures Inc. and

Genobreeding Part of Ongoing Shift in Corporate Strategy

 

ANAHEIM, CA – April 1, 2019 – GreenGro Technologies, Inc. (OTC: GRNH), a provider of eco-friendly state of the art technological solutions to the cannabis industry, today announced today that it has signed two multi-year management contracts for both Cannabis Ventures and Genobreeding divisions. The new agreements with two Northern California-based licensed cannabis growers, encompasses GRNH’s cultivation and nursery expertise through licensing, management, compliance and consulting.

“Today’s announcement is testament of the industry’s continued acceptance of our state-of-the-art greenhouse technologies which enable cannabis growers to maximize their plant yields,” said James Haas, Chairman and Chief Executive Officer of GreenGro Technologies. Inc.  “The anticipated revenues to be generated from these multi-year contracts will ideally strengthen our balance sheet and provide us with the financial flexibility to accelerate our growth strategy in the months and years ahead.”

With these newly announced cultivation support and service contracts, the Company anticipates putting itself in the position to create a growing earnings stream in its first year through the ramping-up and completing required renovations of the client Greenhouses. Once the Greenhouses are at full capacity, earnings from just the cultivation contracts should be on course to grow significantly thoughout the contracts. GRNH’s new nursery contracts are anticipated to also contribute to its earnings growth whenit begins delivering on its genomics production for both the existing cultivations and the ability to introduce these genomics to other licensed cultivation distribution networks.

“The cannabis business is complex with nuances and demands that range from compliance and regulations, to training, licensing and other needs,” added Mr. Haas. “We consider ourselves among the top resources in the industry for our technology, service, support and expertise and are excited to solidify that reputation,” concluded Mr. Haas.

For more information about GreenGro Technologies and its solutions, check out our facebook @ https://www.facebook.com/GreengroTechnologiesInc/

About GreenGro Technologies

GreenGro Technologies (OTC :GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry.  The Company considers itself to be a trusted partner to the cultivation, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass Cannabis, CBD production and Genomic development.  Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model.

Additional details can be found by visiting the Company’s website at:

www.greengrotech.com. www.cannabisventuresinc.com www.cbdventures.com www.genobreeding.com

The Company is proud to partner with innovators and educators, to engage in revolutionary clinical research, to further the understanding of the capabilities and applications of cannabis, to engage in market research and IP development, and to evolve GreenGro Tech’s capabilities and partnerships as the market further develops and expands.

 

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 several 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.

 

Greengro Technolgies Inc

James M Haas CEO

info@greengrotech.com

(714)367-6538

GreenGro Technologies Strives to Achieve Profitability in 2019

By | News, Press Releases

GreenGro Technologies Strives to Achieve Profitability in 2019

ANAHEIM, Calif., Feb. 25, 2019 (GLOBE NEWSWIRE) — GreenGro Technologies, Inc. (OTC: GRNH), a provider of eco-friendly green technologies for the cannabis industry, today announced a restructuring and cost savings plan to improve efficiency and profitability that should position the Company for long-term success.  The restructuring will enhance the Company’s flexibility to invest in new growth opportunities from the cannabis industry with the goal to achieve positive cash flow and earnings in fiscal 2019.

“I want to thank you for your ongoing support and confidence in us over the past 12 months.  We have made great strides in developing our new business plan and building the team to execute them,” said James Haas, Chairman and Chief Executive Officer of GreenGro Technologies, Inc.  “In an effort to capitalize on the numerous growth opportunities that have emerged from the multi-billion dollar and growing cannabis industry, we have restructured the company’s operations to create a more agile, streamlined and efficient core business that should position us for long-term success, with our goal to achieve profitability, as early as possible,” continued Mr. Haas.

GreenGro’s Extraction Operations Key to Profitability

Management contracts currently being negotiated for GreenGro’s new extraction operations should contribute nicely to the Company’s bottom line in fiscal 2019.  These contracts, while still in negotiations, once finalized could represent the majority of the Company’s recurring earnings due to their high margins which typically range between 70%-80%.

“Potential Management contracts for our new developing extraction abilities should enable us, in the very near future, to dramatically accelerate the production of high-margin cannabis derivatives under favorable terms,” continued Mr. Haas.  “The market for non-smoked derivative cannabis products is reported to be growing at a remarkable pace, and through our anticipated agreements, we should have a cost-effective and scalable means to help meet this demand,” concluded Mr. Haas.

According to Leafly, marijuana “flower” sales still dominate the market, but extracts make up the fastest-growing segment of the cannabis industry. In some markets, the share of flower sales has declined to 50%, with derivatives making up the balance.

Restructure of Unprofitable Operations

As part of the restructuring efforts, the Company restructured its unprofitable operations, including limiting its Vertical Hydrogarden business to appointment only sales and divested its North Hollywood retail outlet.  The Company is also in the process of replacing contractors for its Cathedral City facility investment.  These actions should enable the Company to save significant development expenses that it can be diverted to more promising ventures.

The Company also restructured its new CBD Ventures division to focus on the design, production and distribution of a new line of hemp-based products developed from a proprietary formula of ultra-high quality CBD, nutraceuticals and vitamins that promote energy and focus for wellness seekers. 

The CBD market is reported to be experiencing dramatic growth and is predicted to grow to $2.1 billion in consumer sales by 2020, with $450 million of those sales coming from hemp-based sources. Demand for CBD has also increased rapidly due in large part to the wide variety of ways it can be used in products, ranging from food and cosmetics to beverages and a myriad of health supplements.

Company to Host Investor Conference Call

The Company today also announced that Jim Haas, Chairman and CEO, will host a conference call with its shareholders to provide a more detailed update on its operations and to answer any questions from the investment community.  A specific date and time will be announced shortly. 

To be added to the Company’s investor email lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com

Or like our Facebook page @ https://www.facebook.com/GreengroTechnologiesInc/

About GreenGro Technologies

GreenGro Technologies (OTC :GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry.  The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD production and Genobreeding development.  Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model.  Additional details can be found by visiting the Company’s website at www.greengrotech.com.

(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 several risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such 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).

Los Angeles’ Commissioner for Los Angeles County Real Estate Management, Marisela Nuno, to Represent GreenGro Technologies at World CBD Expo

By | GreenGro Technologies, News, Press Releases

Los Angeles’ Commissioner for Los Angeles County Real Estate Management, Marisela Nuno, to Represent GreenGro Technologies at World CBD Expo

ANAHEIM, Calif., Jan. 15, 2019 (GLOBE NEWSWIRE) — GreenGro Technologies, Inc. (OTC: GRNH), a well-respected provider of eco-friendly green technologies for the cannabis industry, today announced that Marisela Nuno, a recently appointed member of its Board of Directors, will be presenting on behalf of the Company at World CBD Expo (www.worldcbdexpo.com), one of the largest conferences focused on increasing the awareness of the benefits of CBD across various industries and consumer groups.

As the Commissioner for Los Angeles County of Real Estate Management, Ms. Nuno’s presentation is expected to discuss GreenGro Technologies’ business plan for 2019, which includes various strategies to significantly increase its presence in Southern California’s booming CBD market.

World CBD Expo is expected to attract hundreds of buyers, entrepreneurs, professionals and consumers from the CBD market under one roof over the course of two days, March 9-10, 2019, at the San Diego Town and Country Convention Center located in the heart of San Diego’s Mission Valley.  With over 75,000 square feet of space for conference attendees and exhibitors, the conference is expected to include educational seminars, product demonstrations as well as hundreds of CBD brands.

GreenGro Technologies Plans to Capitalize on the Growing CBD Market in 2019

According to the World CBD Expo, some reports have estimated that CBD will increase to a $3 billion market over the next three years.  With an even spread of the market, and CBD being used as treatment for anxiety, insomnia, joint pain and inflammation, depression, muscle tension, migraines, arthritis, nausea, and PTSD the opportunities for CBD brands, products & entrepreneurs have never been better.

To be added to the Company’s investor email lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com

Or like our Facebook page @ https://www.facebook.com/GreengroTechnologiesInc/

About GreenGro Technologies

GreenGro Technologies (OTC:GRNH ) is a provider of eco-friendly green technologies with expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, 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.

ABOUT WORLD CBD EXPO

Enhancing Life…

World CBD Expo is an event dedicated to CBD. The event will focus on Vendors, Presentations, Seminars from Experts and Professionals as well as Personal Testimonies from people that have experienced the benefits of CBD.

World CBD Expo will attract BUYERS, ENTREPRENEURS, and PROFESSIONALS from all over the world as well as your day to day consumer. For more information on vendors space, sponsorship or tickets contact Patrick 703-593-9771

(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 several risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such 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.)

GreenGro Technologies Plans To File for Name Change And Expands Its Services Direct Into The State Licensed Cannabis Markets

By | GreenGro Technologies, News, Press Releases

GreenGro Technologies Plans To File for Name Change And Expands Its Services Direct Into The State Licensed Cannabis Markets

ANAHEIM, California., December 13, 2018 — GreenGro Technologies (OTC: GRNH), a well-respected provider of eco-friendly green technologies, today announced that it has begun the process to change the company name. The change comes to reflect the new product lines the Company will be providing in the New Year. Upon completion of the application process, the company will be known as GreenGro Holdings, Inc.

“We have already reserved the new name and look forward to stepping into the scope of goods and services we have been planning to provide,” said GreenGro Chairman and CEO, James Haas. “Our expanded operations is anticipated to include manufacturing and related product lines, cultivation, and dispensary operations. We intend to meet this thriving market head-on and provide a significant foundation for the company’s growth in all areas.”

He went on to explain that this intended growth calls for adding to their ranks significantly. “Fulfilling the needs of these market sectors means partnering with more of the high quality types of people we already work with. 2019 holds great things for GreenGro and it starts at the core of who we are.”

In November, GreenGro welcomed two new executive members. Marisela Nuno, Commissioner of Real Estate Management for the City of Los Angeles, and Mark Wagner, Founder of EMS Meds, Inc., are the latest additions to the company’s Board of Directors with more to follow. Adding more members as well as employees at every level will give the company the ability to handle the considerable demands for upscaled operations.

“We got this far with intensive research and development, tenacity to succeed and a loyal consumer base,” Haas said, “and our anticipated expansion means being able to take our operations to higher levels.” This highly anticipated launch into multiple markets and services is intended to define GreenGro Holdings, Inc. as a valuable broad spectrum solution provider for the cannabis industry.

Or like our Facebook page @ https://www.facebook.com/GreengroTechnologiesInc/

About GreenGro Technologies
GreenGro Technologies ( OTC :GRNH ) is a world class provider of eco-friendly green technologies with expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, 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.

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 several risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such 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.

Call Now Button