GreenGro Technologies Inc (GRNH)

[GreenJeans]

Greengro Technologies signs multi-phased acquisition agreement with major HVAC/Construction company Tricor Mechanical

Greengro Technologies announced today that it has entered an multi-phased partnership and acquisition agreement with Tricor Mechanical Inc., a Southern California based construction company and provider of HVAC systems to commercial, industrial, municipal, and emerging market customers. The agreement provides for Greengro to own 51% of Tricor by the end of 2014, and the remaining 49% within 2 years.

According to James Haas, "This is a great opportunity for both our companies. Tricor has years of experience in the construction industry and was looking for a company like Greengro to expand into new emerging markets. As Greengro's turnkey systems business for green agriculture and legal cannabis expands, especially at the state and federal level, having the reputation, and construction capabilities that Tricor offers will make us the obvious vendor choice, resulting in continued revenue growth in this explosive market."

http://money.cnn.com/news/newsfeeds/articles/marketwire/1137108.htm