Greengro Technologies Opens Flagship Vertical Hydrogarden Store in Anaheim, California
March 25 2014 - 7:00AM
Marketwired
Greengro Technologies Opens Flagship Vertical Hydrogarden Store in
Anaheim, California
ANAHEIM, CA--(Marketwired - Mar 25, 2014) - Greengro
Technologies (PINKSHEETS: GRNH) announced today that it has
concluded the acquisition of Roseville, California based Vertical
Hydrogarden. The retail location serves as the initial brick
and mortar location for the company's franchise of stores slated to
open in various locations. Through the acquisition, Greengro
will retain 100% ownership of the brand and all assets with no debt
carried over from previous operations.
The second location of the proof-of-concept growth model will
open soon under the Vertical Hydrogarden brand through an asset
purchase agreement of Anaheim based Greenleaf Hydroponics. The
current location and all assets will convert into Greengro control
beginning April 1, 2014. The store will serve as the new product
integration facility and will feature the company's Vertical Gro
Systems, Flux Lighting Brand of products and its Modular Gro
Systems.
Verticalhydrogarden.com, operating since 2010, will serve as the
primary online platform for all stores launched in the franchise.
Vertical Hydrogarden offers competitive pricing online through its
existing relationships with offshore manufacturers of name brand
products. The store will also serve as the primary distribution and
fulfillment center for sales generated by franchised stores.
"We are very excited to finalize the acquisition of Vertical
Hydrogarden. We have worked hard to ensure that all of the
pieces were in place to prove the concept of our franchise model
for our vertical grow systems and related products. It is only
now that we are able to begin in earnest with the launch of our
first two stores under the flagship brand of Vertical
Hydrogardens," states James Haas, CEO, Greengro Technologies.
To learn more about Vertical Hydrogarden vistit
http://www.verticalhydrogarden.com or visit them on Facebook at
https://www.facebook.com/vertical.hydrogarden
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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