Greengro Technologies, Inc. Acquired Exclusivity licensing to Controlled Environment Genomics Intellectual Property Technologies...
Greengro Technologies, Inc. (GRNH), a world-class provider of eco-friendly green technologies, announced today that it has acquired the intellectual property (IP) rights for Controlled Environment Genomics (CEG) technologies from Gala Global, Inc. (GLAG), Las Vegas, Nev., is entering into equity investments, debt financing, mergers and acquisitions in the cannabis industry.
In addition, Greengro CEO James Haas announced that industry veteran and Greengro COO Timothy J. Madden has been named as Gala Global’s new CEO.
The deal between the two companies calls for Greengro to exchange debt owed to it by Gala Global for a 30 percent equity position in Gala Global in the form of non-dilutive common and preferred stock.
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