SOURCE: GreenGro Technologies, Inc.

October 20, 2016 08:00 ET

Greengro Technologies Sells $7.5 Million BP Gardens Glass Greenhouse Franchise to Ohio-Based FoodRaiser Corp.

First BP Gardens U.S.-Based Franchise Location

ANAHEIM, CA--(Marketwired - Oct 20, 2016) - Greengro Technologies, Inc. (OTC PINK: GRNH), a world-class provider of eco-friendly green technologies, today announced the sale of a $7.5 million BP Gardens Glass Greenhouse Franchise to FoodRaiser Corporation, Dublin, Ohio, a noted trailblazer in health conscious fundraising. FoodRaiser provides schools, clubs, teams, bands, nonprofits, churches and numerous other organizations with organic product based fundraising opportunities. Visit BP Gardens: www.bpgardens.com

Greengro Technologies and FoodRaiser have entered into an agreement for FoodRaiser to purchase a Glass Greenhouse Franchise marketed by Greengro Technologies' subsidiary BP Gardens, Inc., a controlled environment agriculture (CEA) company that specializes in the use of leading-edge technologies and production methods. The Glass Greenhouse Franchise offering includes a turnkey, two-acre greenhouse facility designed to produce up to nine million heads of lettuce per year.

Through the BP Gardens franchise agreement, FoodRaiser has committed to raising the capital to fund the $7.5 million purchase over the next six months. The companies expect to be breaking ground on the Ohio-based facility between the second and third quarters of 2017. To learn more about FoodRaiser, visit: http://www.foodraiser.com/

This lucrative franchise partnership enables FoodRaiser to establish and operate a state-of-the-art BP Gardens Glass Greenhouse Franchise and incorporate the produce generated into its organic foods fundraising business, according to Greengro Technologies' CEO James Haas, who said FoodRaiser will grow produce in the greenhouse utilizing proprietary BP Gardens CEA growing systems and techniques.

"This is the first of our independent U.S. franchise locations that we're establishing nationwide and we plan to invest in ensuring the facility's prosperity," said Haas. "We are very confident that the resources going into this relationship will result in great success for all involved in this business relationship."

According to their franchise agreement, Greengro Technologies will be providing FoodRaiser with a BP Gardens signature two-acre turnkey off-grid PV-glass greenhouse facility with technology capable of producing a robust crop of nine million crisp heads of lettuce per year, with an immediate take-off purchase order at market rates from BP Gardens. With an estimated value of $.75 per head of lettuce, potential revenues from the facility's production of lettuce alone could be significant.

CEA involves the production of plants and produce inside structures such as greenhouses. By mobilizing CEA franchises, the Company seeks to empower its partners with the ability to produce high-value crops at maximum productivity in an efficient and environmentally friendly way.

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.cbdventures.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

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