GreenGro Technologies Expects Revenue Gains Following California’s Full Legalization of Recreational Cannabis

Company Remains On-Track Towards Exceeding Five Key Strategic Milestones Originally Announced in

ANAHEIM, Calif., July 17, 2018 (GLOBE NEWSWIRE) --  (OTC:GRNH), a provider of eco-friendly green technologies, today announced that the State of California’s historic decision to support the full legalization of recreational cannabis across the State should significantly benefit California’s vast and rapidly growing cannabis industry, both in the short- and long-term.  GreenGro Technologies expects that this most recent pro-cannabis legislation will have a positive effect on the Company’s opportunities. 

Genobreeding Subsidiary to Launch Production of New Cannabis Strains Shortly

The Company believes its group of core scientists at Genobreeding, including a senior scientists that originated from Monsanto and Dow Chemical, have already discovered and begun production of some of what they believe to be the most sought-after strains of cannabis in the market today.  These new cannabis strains, should potentially enable GreenGro Technologies to establish itself as one of the premier developers and distributors of cloned cannabis strains across the industry.

The Company today also announced that it is in the process of improving its internal financial and accounting systems through the appointment of a new and significantly more experienced accounting team, which will spearhead the Company’s accounting functions going forward.  As a result, the Company is one step closer with its intention of becoming a fully-reporting SEC public entity. 



“We are very pleased with our ongoing progress in capturing a larger market share of the nation’s largest cannabis market following California’s latest reforms in its recreational cannabis laws,” said Jim Haas, Chairman and CEO of GreenGro Technologies, Inc.  “We look forward to the many opportunities that the State’s recreational market will present to us in 2018 and beyond and, as one of the first movers in the State, believe we are well-positioned to expand faster than ever in a market that is expected to grow to over $7 billion over the next few years,” concluded Mr. Haas.

About GreenGro Technologies, Inc.

GreenGro Technologies, Inc. (OTC: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 

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.

Investor/Media Contact:                   

Bill Miller

Investor Relations Partners                 



 

Phone:  844-565-5665