ANAHEIM, Calif., Jan. 04, 2018 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC PINK:GRNH), a world-class provider of eco-friendly green technologies, today announced that it expects the latest legislative initiatives relating to the legalization of cannabis, particularly in California, have set a favorable climate for companies such as GreenGro Technologies to expand its operations at a record pace.
“The new legislation passed just a few days ago was a historic moment both for the cannabis industry as well as our nation as cannabis become one step closer to being recognized as a safe household name,” said James Haas, Chairman and CEO of GreenGro Technologies, Inc. “These new initiatives have also set a favorable economic and legislative environment for companies such as GreenGro Technologies to flourish as the demand for the once taboo product continues to accelerate at a pace that has astounded even some of the industry’s most optimistic pundits. As a result, we believe this year could be a breakthrough year for GreenGro Technologies when measured by its financial and operational achievements, beginning with the achievement of the five key milestones outlined in this press release. We are excited about 2018’s potential for our shareholders and look forward to reporting our progress to you during our next earnings press release,” concluded Mr. Haas.
GreenGro Technology’s 2018 Operational Milestones
In an effort to capitalize on the latest legislative changes, the Company has established the following key milestones for 2018 that should enable it to accelerate its expansion strategy and ultimately enhance shareholder value:
Milestone #1 - - Rapidly increase its market share of California’s vast and rapidly growing recreational cannabis market by gaining access to the newly issued licenses being issued to select entities in the State. As a result, California is expected to grow to become the single largest cannabis market in Northern America - - larger than all the other States and all of Canada combined.
Milestone #2 - - Place a greater emphasis on the sale of greenhouses through Vertical Hydrogardens, one of GreenGro Technology’s core businesses.
Milestone #3 - - Increase the funding, buildouts and management of additional dispensaries based on our initial successful models launched last year in North Hollywood under the “igot420” brand names.
Milestone #4 - - Through Genobreeding (a subsidiary of GreenGro Technologies) establish tissue culture, cloning labs and grow systems, which will enable the Company to clone cannabis on a massive scale.
Milestone #5 - - Reallocate our resources to better focus our finances and time on growth initiatives that can produce greater results far more efficiently than the past.
About GreenGro Technologies, Inc.
GreenGro Technologies, Inc. (OTC PINK:GRNH) is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. The company's customers include restaurants, community gardens, and small- and large-scale commercial clients. For more up to date info like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl
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.
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