Industry News Release March 30, 2016 - 8:00 AM EDT
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Greengro Technologies Initiates the First Phase of Its Multi-Faceted Collaboration With Affiliate iGot420 in the Legalized Cannabis Growth Industry iGot420 Receives Final Clearance to Begin Selling Its Project; Paving Way for Major Sales of Equipment and Supplies by Greengro in Foreseeable Future
ANAHEIM, CA--(Marketwired - Mar 30, 2016) - Greengro Technologies, Inc. (OTC PINK: GRNH), 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. The Company had announced earlier this month that it was poised to indirectly benefit from the growth of the recently legalized Cannabis industry. Today's news adds concrete evidence to that assertion.
"Greengro's record revenues in the first quarter of 2016 continue to 'grow' due to steadily increasing demand for our product lines centered around Cannabis," said James Haas, CEO of Greengro Technologies, Inc. "Not only does our customer base continue to expand leading to increased sales numbers for day-to-day point-of-sale items, but we are now beginning to see sales associated with large scale projects begin to materialize as well due to the increasingly favorable legal landscape surrounding Cannabis."
Finally, Haas pointed out that this is barely the first phase of a multifaceted project. "We're proud to serve as the exclusive provider of materials, equipment and supplies for iGot420 on this project. This is a large scale economic development project that has just begun and will translate into some wonderful sales numbers for the Company." https://igot420.com/
About Greengro Technologies: Greengro Technologies (OTC PINK: 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 websites www. greengrotech.com, www.420scan.com and www.verticalhydrogarden.com www.bpgardens.com offer regular updates including educational videos, projects updates, recipes and nutritional information, and where to find the company's products.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Greengro Technologies, Inc. James Haas CEO 714-367-6538 Email Contact