Highlights:
- Company signed commercial lease on 2-26-2017 for property in City of Adelanto
- Company just completed engineering plans to development a canna-business park on the property
- Company to submit development plans to the City of Adelanto for approval by 4.20.18
- Upon approval Company will seek funds to develop the Five Acre Canna-Business Park that will Feature its
State-of-the-Art, Vertically-Integrated Greenhouse Technology at its Epicenter
ANAHEIM, Calif., March 27, 2018 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (Ticker: GRNH), a leader in the indoor agriculture technology market, today announced that
it plans to submit development plans and seek approval from the City of Adelanto, California to develop a five-acre canna-business
park.
This unique canna-business park (www.cannabusinesspark.com) will be designed to perform all cannabis or hemp related activities under one roof as it
will exclusively feature the https://greengrotech.com/wp-content/uploads/GRNH_Type-3B-Mixed-LIght-Full-Auto-Turn-key-Indoor-Vertical-Farm.pdf
at its epicenter.
“GreenGro Technologies is continuing to capitalize on a rapidly-growing legal cannabis market by spearheading the development of
one of the first canna-business parks in California,” said James Haas, Chairman and Chief Executive Officer of GreenGro
Technologies, Inc. “Our ability to develop this new facility will be a testament to the industry’s acceptance and increasing
demand for our state-of-the-art indoor greenhouse technology,” concluded Mr. Haas.
The Company on February 26, 2017, had entered into a twenty year lease agreement for over five acres of space in Adelanto,
California to be used for the development of the canna-business park. In addition to the Company’s one-acre indoor
greenhouse, the property is being designed to include four 12,000 square foot buildings to be used for manufacturing, cultivation,
a dispensary and distribution. Permits are in the process of being applied for.
Cathedral City – Opening Delay
The Company today also announced that its planned grand opening of its Cathedral City igot420-branded dispensary will be delayed
until July 2018 due to compliance issues which are currently being addressed.
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 (Ticker: 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 website at www.greengrotech.com offers regular updates including educational videos, projects updates,
recipes and nutritional information, and where to find the Company’s products.
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
