ANAHEIM, Cali., April 01, 2019 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC: GRNH), a provider of eco-friendly state of the art technological solutions to
the cannabis industry, announced today that it has signed two multi-year management contracts for both Cannabis Ventures and
Genobreeding divisions. The new agreements with two Northern California-based licensed cannabis growers, encompasses GRNH’s
cultivation and nursery expertise through licensing, management, compliance and consulting.
“Today’s announcement is testament of the industry’s continued acceptance of our state-of-the-art greenhouse technologies which
enable cannabis growers to maximize their plant yields,” said James Haas, Chairman and Chief Executive Officer of GreenGro
Technologies Inc. “The anticipated revenues to be generated from these multi-year contracts will ideally strengthen our
balance sheet and provide us with the financial flexibility to accelerate our growth strategy in the months and years ahead.”
With these newly announced cultivation support and service contracts, the Company anticipates putting itself in the position to
create a growing earnings stream in its first year through the ramping-up and completing required renovations of the client
Greenhouses. Once the Greenhouses are at full capacity, earnings from just the cultivation contracts should be on course to grow
significantly throughout the contracts. GRNH’s new nursery contracts are anticipated to also contribute to its earnings
growth when it begins delivering on its genomics production for both the existing cultivations and the ability to introduce these
genomics to other licensed cultivation distribution networks.
“The cannabis business is complex with nuances and demands that range from compliance and regulations, to training, licensing
and other needs,” added Mr. Haas. “We consider ourselves among the top resources in the industry for our technology, service,
support and expertise and are excited to solidify that reputation,” concluded Mr. Haas.
For more information about GreenGro Technologies and its solutions, check out our facebook @
https://www.facebook.com/GreengroTechnologiesInc/
About GreenGro Technologies
GreenGro Technologies (OTC: GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis
industry. The Company considers itself to be a trusted partner to the cultivation, production and retail aspects of the
cannabis market through a combination of three operating divisions that encompass Cannabis, CBD production and Genomic development.
Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable
business model.
Additional details can be found by visiting the Company’s website at:
www.greengrotech.com www.cannabisventuresinc.com www.cbdventures.com www.genobreeding.com
The Company is proud to partner with innovators and educators, to engage in revolutionary clinical research, to further the
understanding of the capabilities and applications of cannabis, to engage in market research and IP development, and to evolve
GreenGro Tech’s capabilities and partnerships as the market further develops and expands.
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 several 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.
GreenGro Technologies, Inc.
James M Haas CEO
info@greengrotech.com
(714)367-6538
