SOURCE: GreenGro Technologies

December 08, 2015 07:00 ET

Greengro Technologies System Sales Surge as California Medical Marijuana Law AB266 Approaches

ANAHEIM, CA--(Marketwired - Dec 8, 2015) - Greengro Technologies (OTC PINK: GRNH) announced today several new orders for its advanced greenhouse systems and stated that in store sales for November were 100% higher than October and December is setting new records.

California bill AB266 was signed into law on September 11, 2015 and goes into effect on January 1, 2016. Among other regulations, the law clearly defines medical marijuana cultivation, manufacturing, distribution, and transportation under state law. In particular, marijuana cultivation licenses are broken into 4 tiers defining outdoor, indoor and mixed light operations. The largest indoor cultivation license allows for up to 22,000 square feet.

According to CEO James Haas, "Greengro is very excited about this legislation. Finally our clients have the guidance necessary to legitimately grow their business. For us as a company we are quickly ramping up manufacturing capacity for our advanced greenhouse and modular grow room designs and aggressively seeking additional resellers that are capable of training install crews to accommodate the large spike in sales."

Haas added, "We have been preparing for this opportunity for years. We have continued to refine our designs, and push our suppliers to give us the most reliable and cost effective components available. We are confident that our new modular grow rooms, automated light deprivation greenhouse systems, and DIY solar systems are among the highest quality at the most competitive prices in the industry. Our sales are growing exponentially because of turnkey systems sales and installation contracts. California is by far the largest producer of Medical Cannabis and we expect this new law will dramatically increase our business because cultivators have more confidence in the legality of their operations, and consequently purchase higher quality higher production turnkey systems from us. Our orders for greenhouses are already growing exponentially and we expect to sell several hundred in 2016."

The company has several of its turnkey greenhouse installations already operating at both research and client facilities throughout California. For more information or a demonstration, please visit www.greengrotech.com

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.bpgardens.com and www.verticalhydrogarden.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

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