ANAHEIM, CA–(Marketwired – Feb 13, 2015) – Greengro Technologies (OTC PINK: GRNH) announced today the grand opening of its newest superstore Vertical Hydrogarden in Orange County, California slated for 4.20.2015 at 1676 W Lincoln Anaheim, Cal 92801.
According to CEO James Haas, “It’s been approximately a year since our acquisition of Vertical Hydrogarden. The existing locations offered us little opportunity for expansion and could no longer support our double digit revenue gains each month. This was a logical decision to develop a better working model for future franchise opportunities nationwide.”
The Hydroponic industry has grown significantly over the past ten years due to increasing medical marijuana use and a health-conscious shift toward organic foods. An increased focus on healthy eating habits will spur demand as more consumers seek out organic pesticide-free produce and opt to grow their own or purchase locally produced organic foods grown using hydroponic grow equipment. In addition, the medical marijuana industry shows no signs of slowing down. Medical marijuana is expected to be approved in an increasing number of US states, which will lead more medical patients and entrepreneurs to buy hydroponic grow equipment to meet the demands of this growing market. Haas added, “To our knowledge, there are 10 additional states with pending legislation to further legalize cannabis. Greengro’s core business is the sale of systems, equipment, and supplies for green agriculture with a large percentage being legal cannabis clients. Market estimates for the overall size of the core market Greengro addresses is in excess of $685 million annually growing at 20%. We believe this new location gives us the footprint model to continue our nationwide expansion and revenue growth.”
The company will make further announcements regarding kickoff marketing events surrounding the Grand Opening of its all New Vertical Hydrogarden Superstore. Featuring products specialists from premier vendors like General Hydroponics.
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, and 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.
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.
CEO James Haas