SOURCE: GreenGro Technologies, Inc.

July 12, 2016 08:01 ET

Greengro Technologies Forms CBDVentures, a New Business Division Created to Enter Retail Marketplace With Innovative Consumable CBD Merchandise

As Development Concludes, Company Strategizes for a Strong 4th Quarter Product Release of Exclusive Hemp-Infused German Beer, CBD Energy Beverage Line, and CBD Thin Strips

ANAHEIM, CA--(Marketwired - Jul 12, 2016) - Greengro Technologies, Inc. (OTC PINK: GRNH) a world-class provider of eco-friendly green technologies, is pleased to announce that the Company has formed a new business division to operate as the Company's CBD retail branch, another revenue generating sector created to bring state-of-the-art Cannabinoid derived products to the industry.

CBDVentures has finalized product development and prepares to conclude manufacturing of its first line of exclusive CBD products to hit the retail market. This new merchandise line consists of a distinctly formulated hemp-infused German beer, a full select line of Cannabidiol (CBD) energy nectar drinks, and oral thin-strips.

The Company's selection of Hemp-Refined German Beer was formulated by its German strategic partner CannaBrands AG, an Austrian based private equity company listed on the Berlin Stock Exchange. It was recently released by CannaBrands AG overseas and made its debut at a Cannabis trade fair, where it was highly praised for its design and exceptional taste. Exceeding expectation, CannaBrands AG's entire inventory was sold out within two days.

Greengro's select CBD Energy Nectar Beverage line, enhanced with hemp, guarana, ginseng, and a sweet savor of German authenticity, gives the common consumer just the blast of fruit flavor and energy combination they are craving.

Also being brought to market under the terms of an exclusive licensing agreement, is a selection of flavored CBD oral thin-strips. These thin-strips will target a large segment of the market that is adverse to the stigma of smoke-related CBD delivery mechanisms.

The Company plans to release its new exclusive line of CBD products into the marketplace by the 4th quarter of 2016.

"This is a very exciting milestone for us. Our entrance into the retail segment is an outstanding addition to what we have developed thus far. As we continue to develop our revenue streams, our intent is to bolster our position by spreading across the industry and supplying choice solutions to a wide range of sectors in the marketplace," stated James Haas, CEO of Greengro Technologies, Inc. Mr. Haas concluded: "The opportunity for growth in this continually evolving market is virtually limitless."

This rebranding strategy is another step in Greengro Technologies' determination to build a robust presence in this budding industry, fortified with diverse revenue generating segments, destined to integrate for optimum profitability.

The Company recently announced the coming release of a new selection of commercial grade equipment, consisting of three state-of-the-art extraction and processing units; an Essential Oil Distiller, a CO2 Extraction & Solvent Extraction Machine, thus enabling capitalization on the CBD production segment of the growing industry, while enhancing the overall revenue generating potential for the Company.

The Company will keep shareholders updated as events unfold with its new product line as well as other projects currently under development.

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, www.growcameras.com, www.verticalhydrogarden.com, and 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

  • For More Information Contact:
    Greengro Technologies, Inc.
    James Haas
    CEO
    714-367-6538
    email: Email Contact