SOURCE: GreenGro Technologies, Inc.

March 08, 2016 07:00 ET

Greengro Technologies Aggressively Positioned to Capture the Legalized Cannabis Growth Industry

Exponential Sales Growth Attributed to New Customers, Expansion of Product Lines and Renewals

ANAHEIM, CA--(Marketwired - Mar 8, 2016) - Greengro Technologies, Inc. (OTC PINK: GRNH), a world class provider of eco-friendly green technologies, announced today a record breaking 242.94% year-over-year sales growth through the first quarter of 2016 ($522,000 for the 1st quarter of 2016 compared to $152,215 for 2015). The major increase in sales is directly attributed to new customers along with renewals and the ongoing expansion of the company's product lines. In addition, the company's sales are indirectly benefitting from the growth of the recently legalized Cannabis industry.

"Greengro's record revenues demonstrate firsthand the increased demand for our product lines centered around Cannabis" said James Haas, CEO of Greengro Technologies, Inc. "We are strategically positioned to capitalize on the opportunity presented by this brand new market and anticipate that the Legal Cannabis industry will continue to give a financial boost to Greengro's bottom line."

Haas further pointed out that quarter-to-quarter sales increases have also been tremendous highlighting that this growth is not an anomaly but actually a trend of increasing revenues. Sales jumped 209.57% from the fourth quarter of 2015 to the first quarter of 2016 ($203,000 in recorded sales for the 4th quarter of 2015 4Q2015).

Finally, Haas pointed out that there are still three entire weeks left until the end of the first quarter 2016. "Our year-to-date and quarter-to-quarter sales increases can be even more spectacular with a good close out in the month of March."

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.
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.

Contact Information

  • Greengro Technologies, Inc.
    James Haas
    CEO
    714-367-6538
    Email Contact