GreenGro Technologies Inc (GRNH)

[1vman]

*****Whoops looks like that 2.5 million project revenue stream has dried up !!!

ANAHEIM,CA – 3-30-2016 – (OTC : GRNH) – Greengro Technologies, Inc., a world class provider of eco-friendly green technologies, announced today that affiliated company iGot420 has notified it that final clearance was granted for groundbreaking of a major project in Southern California. The initiation of this project immediately translates into projected company revenues of up to $2,500,000 in sales of equipment and supplies to be used in the first phase of the iGot420 project.

As we embark on the next exciting quarter, we would like to take an opportunity to update the investment community on recent developments, and how a recent turn of events has modified our outlook for the remainder of 2016.

Since our igot420 announcement on March 29th, 2016, the Company has met with circumstances that have changed the revenue generating potential that the agreement was based on. When igot420 consummated the land lease and received the final clearance for the initiation of the economic development project, it was on a 51% tribe to 49% licensee structure whereby 20 acres were committed as ten individual 2 acre parcels. Each parcel was appointed for the set-up of 7 Greengro 3600 sq ft greenhouses to maximize the 22,000 k sq ft canopy allowed under the new AB266 statewide licensing system effective in 2018.

As a result of circumstances unforeseen, and resulting delays, we have elected to postpone the former agreement


CASE CLOSED !!!