- Company signed commercial lease on 2-26-2017 for property in City of Adelanto
- Company just completed engineering plans to development a canna-business park on the property
- Company to submit development plans to the City of Adelanto for approval by 4.20.18
- Upon approval Company will seek funds to develop the Five Acre Canna-Business Park that will Feature its State-of-the-Art, Vertically-Integrated Greenhouse Technology at its Epicenter
ANAHEIM, Calif., March 26, 2018 — GreenGro Technologies, Inc. (Ticker: GRNH), a leader in the indoor agriculture technology market, today announced that it plans to submit development plans and seek approval from the City of Adelanto, California to develop a five-acre canna-business park.
This unique canna-business park (www.cannabusinesspark.com) will be designed to perform all cannabis or hemp related activities under one roof as it will exclusively feature the Company’s state-of-the-art, vertically integrated technology for indoor greenhouses at its epicenter.
“GreenGro Technologies is continuing to capitalize on a rapidly-growing legal cannabis market by spearheading the development of one of the first canna-business parks in California,” said James Haas, Chairman and Chief Executive Officer of GreenGro Technologies, Inc. “Our ability to develop this new facility will be a testament to the industry’s acceptance and increasing demand for our state-of-the-art indoor greenhouse technology,” concluded Mr. Haas.
The Company on February 26, 2017, had entered into a twenty year lease agreement for over five acres of space in Adelanto, California to be used for the development of the canna-business park. In addition to the Company’s one-acre indoor greenhouse, the property is being designed to include four 12,000 square foot buildings to be used for manufacturing, cultivation, a dispensary and distribution. Permits are in the process of being applied for.
Cathedral City – Opening Delay
The Company today also announced that its planned grand opening of its Cathedral City igot420-branded dispensary will be delayed until July 2018 due to compliance issues which are currently being addressed.
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About GreenGro Technologies
GreenGro Technologies (Ticker: GRNH) is a world class provider of eco-friendly green technologies with specific domain 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.
The Company’s website at www.greengrotech.com offers regular updates including educational videos, projects updates, recipes and nutritional information, and where to find the Company’s products.
Forward Looking Statements
This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by the Company may not proceed as contemplated, and by all other matters specified in the Company’s filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the Company’s filings with the Securities and Exchange Commission (www.sec.gov), including its recent periodic reports.