ANAHEIM, Calif., Feb. 26, 2018 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC PINK:GRNH), a leader in the indoor agriculture technology market, today announced the
highly anticipated grand opening of its Cathedral City-based dispensary through its tenant igot420. The anticipated opening
will occur, on “4:20” 2018, with a soft opening scheduled for April 1, 2018. The Company noted that the only matter that
could cause a delay would be associated with its application with the State of California for a temporary license to sell
recreational cannabis. The Company’s current delays were due to necessary modifications made to ensure the dispensary would meet
the state of California new design standards for all new microbusiness models.
“As the burgeoning cannabis business begins to reach maturity, more and more of today’s entrepreneurs will look for new and
innovative methods to maximize their earnings potential. This change in the industry’s dynamic can potentially result in
greater demand for our state-of-the-art turnkey dispensaries, which can increase profits of a dispensary by as much as 50% at the
retail store level,” said James Haas, Chairman and Chief Executive Officer of GreenGro Technologies, Inc. “The technological,
financial and operational support we have provided our partners such as igot420, is consistent with our long-term strategy of
expanding our presence initially across California, which should emerge as the single largest cannabis market across the
nation. This statewide expansion strategy coupled with our industry-leading technology should support our belief that 2018
should be a breakthrough year for the company and our shareholders,” concluded Mr. Haas.
The grand opening of the Company’s igot420’s second dispensary, follows the opening of its flagship store in North Hollywood, a
14,000 square foot store which opened in October 2017. GreenGro Technologies was able to use proceeds from last year’s $4
million financing to secure the buildout of the Cathedral City dispensary and is well underway to secure igot420’s third and fourth
locations in southern California. The Company noted that it expects management contracts from its igot420 dispensary to
contribute to its growing revenue streams before the end of second quarter.
To be added to the Company’s investor lists, please contact Bill Miller at Investor Relations Partners at 844-565-5665 or via
email at bmiller@irpartnersinc.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, offer regular updates including educational videos, projects updates,
recipes and nutritional information, and where to find the company’s products. https://www.facebook.com/GreengroTechnologiesInc.
Follow www.igot420.com for further details https://www.facebook.com/igot420/
About Investor Relations Partners
Investor Relations Partners, Inc. (IRP) is a full-service investor relations firm serving a global client base. The
principals of IRP have received top industry awards for their investor relations programs for a number of high-profile companies,
including, but not limited to, Starwood Hotels & Resorts Worldwide, ValueVision Media, Taro Pharmaceuticals, and LJ International.
The firm’s principals have executed effective investor relations programs for dozens of public companies, ranging from emerging
micro-cap companies to multinational corporations with market capitalizations in excess of $15 billion. For further
information on IRP, please visit the firm’s Website at www.irpartnersinc.com.
Forward Looking Statements
This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks
and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by
the Company may not proceed as contemplated, and by all other matters specified in the Company's filings with the Securities and
Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. The
Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in
assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could
cause results to differ from those set forth in the forward-looking information can be found in the Company's filings with the
Securities and Exchange Commission (www.sec.gov),
including its recent periodic reports.
Investor/Media
Contact:
Bill Miller
Investor Relations Partners
Phone: 844-565-5665
bmiller@irpartnersinc.com