ANAHEIM, CA--(Marketwired - Mar 25, 2015) - Greengro Technologies (OTC PINK: GRNH) announced today it is open for business ahead of schedule in its new Orange County, California location. Meanwhile, plans continue for the first grand opening event on 4.20.2015 to be followed by additional events, each with different themes, educational classes and a host of different vendors including the full suite of Greengro and Vertical Hydrogardens product line.
According to CEO James Haas, "We are tremendously excited to be moved in and making sales. Although our work continues, we are looking forward to a great turnout on 4.20. Consumers of all sizes will be able to see the full spectrum of advanced products under one roof and truly understand how it all comes together in the Greengro Center."
At the event, Greengro will be unveiling its all new light deprivation greenhouse systems that offer energy efficient designs and higher yields that cost less than comparable products in the market today. http://greengrotech.com/automated-greenhouses/
Greengro recently featured on Forbes list of "hottest marijuana companies" continues to gain momentum. For more information visit http://www.forbes.com/sites/caroltice/2014/11/14/meet-the-8-hottest-publicly-traded-marijuana-companies/2/.
The company stated that even with the move its sales are up 50% over the previous year and revenues are tracking more than 100% growth over last year. Haas added, "There are major pending legislation changes to further legalize cannabis. Greengro's core business is the sale of systems, equipment, and supplies for green agriculture with a large percentage being legal cannabis clients. We believe our commitment to this new facility will attract more clients to us as the market continues to mature."
Market estimates for the overall size of the core market Greengro addresses is in excess of $685 million annually growing at 20%. We believe this new location gives us the footprint model to continue our nationwide expansion and revenue growth."
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.
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.