Greengro Technologies Inc Raises $875,000 in Non-Brokered Private Placement
March 20 2014 - 2:00AM
Marketwired
Greengro Technologies Inc Raises $875,000 in Non-Brokered Private
Placement
The Funding Further Supports the Company's Revenue Generating
Projects
ANAHEIM, CA--(Marketwired - Mar 20, 2014) - GreenGro
Technologies (PINKSHEETS: GRNH) announced today that it has closed
a non-brokered private placement, raising gross proceeds of
$875,000. The funding was completed with accredited investors with
the issuance of restricted 144 shares.
Use of the proceeds from this capital infusion will further
support the myriad activities the company currently has in the
pipeline including our Vertical Hydrogarden store featuring our
Flux lighting Brand of lighting products @
www.verticalhydrogarden.com, the continual development and
implementation of BP Gardens, its flagship commercial greenhouse
project. Additionally, the recently announced Greensticks,
Inc, the patent-pending vape technologies acquired by the company
in Q1 of 2014, will be buttressed with sales and marketing support
for a national product launch beginning April 1, 2014.
"We have carefully put the resources in place to carry out our
plans and this investment will only accelerate our go to market
strategies as we continue to move forward," states James Haas, CEO,
Greengro Technologies.
For the most current information on the activities of the
company visit www.greengrotech.com or follow them on Facebook at
www.facebook.com/greengrotechnologiesinc
About Greengro Technologies
Greengro Technologies (PINKSHEETS: 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.
http://www.greengrotech.com
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.
Greengro Technologies, Inc. James Haas CEO 714-441-1408 Office
714-441-1409 Fax
Email Contact
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