Greengro Technologies Signs Facility, Design and Consulting Deal With Planned Arizona Medical Cannabis Cultivation Facility
July 08 2013 - 9:15AM
Marketwired
Greengro Technologies (PINKSHEETS: GRNH) announced today that it
has signed an agreement to provide facility design and consulting
services for a major planned Arizona medical cannabis cultivation
facility. The company expects the deal to be worth $300,000 plus
ongoing maintenance services of several hundred thousand dollars
per year. The parties will announce the full scope of design
services, equipment, and service contracts after final approval
under the Arizona Medical Marijuana Act.
Over the past year, the company has demonstrated its expertise
in design, construction and installation of greenhouses using both
traditional and newer vertical farming methods. Greengro's
eco-friendly designs and products have attracted the attention of
large scale projects on the West Coast and from other regions such
as Arizona, Colorado, Illinois, Michigan and Washington State.
Dozens of medical cannabis centers are on track to open in
Arizona expected to generate tens of millions of dollars in
revenues this year according to MMJ Business Daily. The Colorado,
Oregon and Washington State markets also are expected to grow.
State and local governments are publishing regulations that govern
all aspects for a medical cannabis facility, including design,
operations, staffing, and ongoing maintenance.
James Haas, Chief Executive Officer of Greengro Technologies,
commented, "It is an exciting time to be part of this emerging
market. As medical cannabis comes to the forefront of the
discussion in our society, it is imperative that we create good
models that work for regulatory authorities, patients and
businesses. As legal guidelines become clearer, businesses will
invest, patients will have safe access, and governments will gain
billions in new tax revenues."
Greengro's recent acquisition announcement of Vertical
Hydrogarden gained in house expertise and equipment lines essential
to pursue large opportunities. Information can be found in the
design/consulting section at www.greengrotech.com. Greengro's staff
and affiliates provide world class efficient designs, facility
planning and grow room construction. These services will be
combined with Greengro's product line of vertical and traditional
cultivation, hydroponics, FLUX lighting, and environmental systems
which allows the company to address clients of any size and
budget.
About Greengro Greengro Technologies 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. Its customers include
restaurants, community gardens, small and large scale commercial
clients.
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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Contact: Greengro Technologies, Inc. James Haas CEO 714-441-1408
Office 714-441-1409 Fax Email Contact
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