SOURCE: Greengro Technologies inc

September 16, 2014 08:15 ET

Greengro Technologies "Globe Farmacy Arizona" Project Update

Company Helps Client Raise Funding to Begin Build-Out

ANAHEIM, CA--(Marketwired - Sep 16, 2014) - Greengro Technologies (PINKSHEETS: GRNH) announced today that it has received the greenlight to proceed with first phase build-out of Globe Farmacy Arizona's facility. The deal, previously announced, was delayed due to ownership issues of the underlying property. According to Greengro's James Haas, "This deal is important to our company and to our industry so we stepped in, made some introductions, and helped with the business plan". As a result, Globe Farmacy resolved the land issues and raised its first $200,000 in seed capital from a Greengro strategic partner, letting it proceed with phase one of its build-out".

Since the project's inception, Greengro has teamed with Tricor Mechanical a subsidiary of Greengro, to be the project consultant. Greengro's flagship Modular Gro systems will be used to construct interior gro rooms, capable of growing cannabis for medicinal use under the Arizona Medical Marijuana Act. All equipment, including its Flux brand of products, will be supplied by its retail brand, Vertical Hydrogarden. "This project required many hurdles to be cleared before we could reach the build phase and now that we are here, we are ecstatic to move forward. We have all of the confidence in the world that this project will set the standard for what a modular gro system can produce in the way of maximum crop yields and energy efficiency," states Haas.

For more information about the company and its Modular Grow Systems visit www.verticalhydrogarden.com or follow them on Facebook at
http://www.facebook.com/greengrotechnologiesinc

About Greengro Technologies
Geengro Technologies (PINKSHEETS: 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.

www.greengrotech.com
www.verticalhydrogarden.com

About Tricor Mechanical
Tricor Mechanical, Inc. is an emerging provider of quality General Contracting and self performing mechanical HVAC/Electrical contract service to the construction industry. We specialize in commercial, industrial, municipal, alternative energy, design build and tenant improvement construction, as well as having considerable experience in project management and labor/material supply. Tricor has become a leading expert in indoor and greenhouse climate control systems for the agriculture industries.
www.tricormechanical.net

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
    714-441-1408 Office
    714-441-1409 Fax
    Email Contact