LAS VEGAS, March 20, 2019 /PRNewswire/ -- Grow Solutions Holdings, Inc. (GRSO)
March 19, 2019
On March 5, 2019, Grow Solutions Holdings, Inc. (the "Company") consummated a share exchange agreement with the shareholders of Pure Roots Holding, Ltd. ("Pure Roots"), as a result of which Pure Roots became wholly owned subsidiary of the Company (the "Merger"). The Company was initially drawn to Pure Roots based upon the prospect that the AeroPod growing system will revolutionize the way that communities grow high quality food for their needs. This combination fits perfectly with our company Grow Solutions as the AeroPod is the ultimate in solutions for growing plants and vegetables of all varieties in all climates. The AeroPod can produce a variety of Fruits, Vegetables, Herbs, Leafy Greens, and Decorative/Edible Flowers. In assessing the possibility that Pure Roots technology could be of assistance in improving the Company, we came to understand and appreciate other exciting opportunities presented by Pure Roots technology, so much so that ultimately we acquired Pure Roots.
Our website is www.GRSOinvest.com and we are at the beginning of a great journey and are very excited to be able to announce as such. This letter will serve to summarize for you those developments and plans and to announce what we will be planning in the near and not too distant future as well as further discussing those plans and to respond to shareholder questions.
To further indicate that we are a "new" company, i.e., a combination of Grow Solutions Holdings, Inc. and Pure Roots in effect operating as a single entity, we have released a new website "www.GRSOinvest.com" that reflects the histories, assets, operations, news, etc., of the combined companies as well as showcasing our unique and industry disruptive new product the AeroPod.
New Company CEO
Chad Fischl. Who was the co-founder of Farm Boys Design Corp., a research and development company that invented and perfected the AeroPod grow system; thereafter, licensing the rights to the AeroPods and all of the AeroPod technology to Pure Roots Holding, Inc. We are fortunate to have serving as our new Chief Executive Officer, Chad Fischl, who has worked with both Pure Roots Holdings, Inc., since its inception, and as a co-founder of Farm Boys Design Corp., the AeroPod inventor, in connection with the AeroPod Grow systems. The Board has determined that Chad would be an ideal CEO for us after the Merger, given his knowledge and experience with both the pre-merger Pure Roots, Farm Boys Design Corp., and his knowledge of the AeroPod growing systems.
AeroGrow is the primary manufacturer of the AeroPod designed and tested by Farm Boys Design Corp. The AeroPod has been developed and tested over the past 2 years and has produced the highest aeroponic yields when compared to all other competitors in the market. AeroGrow manufactures custom indoor agriculture solutions of varying scales utilizing the AeroPod technology.
AeroPods mimics ideal growing environments for high-quality food; from the quality of air to each ml of nutrients delivered to the plants. The closed system assists plants in growing faster and healthier than traditional methods, all year round. More details on the Food Production AeroPod:
- The grow room is 550 sq/ft and contains 104 grow columns with 88 - 216 grow spaces in each. A total of 9,152 - 22,464 plants can be grown at any given time.
- Each AeroPod contains a nursery that ensures your grow room is being utilized as soon as you harvest. Just simply replace your harvest with new plants and begin the growth cycle again.
- The ideal growing environment is monitored and controlled by proprietary monitoring hardware and software. The automation will be updated with optimized growth patterns as they are available to keep your yields the highest possible.
At this point we are moving forward rapidly in pursuing the Pure Roots opportunities involving the exploitation of its exciting AeroPod food production technology and the commercialization of the AeroPod grow systems.
FOR ADDITIONAL INFORMATION
Read more about the Grow Solutions Holdings, Inc. and its wholly-owned subsidiary Pure Roots Holding, Ltd., on our official website, as well as further information about the Company and its latest news releases at www.GRSOinvest.com
ON BEHALF OF THE BOARD OF DIRECTORS,
Chief Executive Officer and Director
PO Box 2869
Jackson, WY 83001
Source: Grow Solutions Holdings, Inc. (GRSO)
Released March 19, 2019
This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Grow Solutions Holdings, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Grow Solutions Holdings, Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Grow Solutions Holdings, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.