Monday, September 26, 2022 1:15:43 PM
GreenGro Technologies to Pursue New Three-Pronged Strategic Growth Initiative Designed to Establish First-Mover Advantage and Dominant Share of Booming Global AgTech Markets
Press Release | 09/21/2022
Highlights:
Company's successful restructuring plan - - responsible for the quick but temporary exit from the cannabis markets and redeployment of management's time and resources on the buildout of three different yet synergistic wholly owned subsidiaries - - streamlined operations and fueled the stellar financial performance thus far this fiscal year
Revenues in first half of current fiscal year increased over 800% from last year and enabled the Company to achieve a significant swing from a six-figure loss to a positive gross profit in both the first quarter and first half periods of the current fiscal year
Board decision to pursue three-pronged growth initiatives targeting AgTech industry based on confidence in our strengthened management team and the industry's broad-based acceptance and adoption of our proprietary state-of-the-art technologies that could address the much larger AgTech markets, domestically and internationally
https://www.otcmarkets.com/stock/GRNH/news/GreenGro-Technologies-to-Pursue-New-Three-Pronged-Strategic-Growth-Initiative-Designed-to-Establish-First-Mover-Advantag?id=373219
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