GreenGro Technologies Inc (GRNH)

[GreenJeans]

2Q earnings will be good.

ANAHEIM, CA--(Marketwired - May 27, 2014) - After spending months putting the right mix of people, processes and products in place, Greengro Technologies (PINKSHEETS: GRNH) announces today a progress update on the Anaheim Location of Vertical Hydrogarden following a successful soft launch in late March, where month over month revenues have realized an increase of 367 % taking the two stores over $140,000 in April .

The company announced the acquisition in Q1 of 2014 and since has focused on key strategic management hires that would propel sales of not only the Anaheim Location but the Roseville location as well. Economies of scale have since been realized with the negotiation of new manufacturing and distribution agreements from preferred partners; optimized order processing and inventory fulfillment contracts; and optimized store redesigns that increase margins and profitability of each location.

In an effort to build the brand of Vertical Hydrogarden and to enhance the customer purchasing experience, and new redesign of the Vertical Hydrogarden website will launch May 27th. This revamped website places a focus on enhanced functionality and premium content. Customers will be able to peruse and purchase from a wide variety of products that will assist all growers, large and small, choose from the latest selection of grow systems, nutrients and ancillary accessories that yield maximum crops.

A hard grand opening date has now been set for the weekend of June 28th and will feature the company's proprietary modular grow systems and connected technologies. The event will be promoted to local growers across the region through a series of outreach activities and public relations events.

"We are excited to be at this stage of growth for the retail arms of our company. We recognize the importance of obtaining and aligning our resources for further growth and we are as prepared as we could be as we head into this next phase. The revenue growth already realized is an early indication of what we expect in the future," states James Haas, CEO, Greengro Technologies.

To keep up with the activities of Greengro visit the corporate website at www.greengrotech.com


http://finance.yahoo.com/news/greengro-technologies-provides-progress-vertical-121500159.html