Greengro Technologies Provides Progress Update on Vertical Hydrogarden Inc
May 27 2014 - 8:15AM
Marketwired
Greengro Technologies Provides Progress Update on Vertical
Hydrogarden Inc
New Launch Date Set for Grand Opening of Anaheim Location
ANAHEIM, CA--(Marketwired - May 27, 2014) - After spending
months putting the right mix of people, processes and products in
place, Greengro Technologies (PINKSHEETS: GRNH) announces today a
progress update on the Anaheim Location of Vertical Hydrogarden
following a successful soft launch in late March, where month over
month revenues have realized an increase of 367 % taking the two
stores over $140,000 in April .
The company announced the acquisition in Q1 of 2014 and since
has focused on key strategic management hires that would propel
sales of not only the Anaheim Location but the Roseville location
as well. Economies of scale have since been realized with the
negotiation of new manufacturing and distribution agreements from
preferred partners; optimized order processing and inventory
fulfillment contracts; and optimized store redesigns that increase
margins and profitability of each location.
In an effort to build the brand of Vertical Hydrogarden and to
enhance the customer purchasing experience, and new redesign of the
Vertical Hydrogarden website will launch May 27th. This revamped
website places a focus on enhanced functionality and premium
content. Customers will be able to peruse and purchase from a wide
variety of products that will assist all growers, large and small,
choose from the latest selection of grow systems, nutrients and
ancillary accessories that yield maximum crops.
A hard grand opening date has now been set for the weekend of
June 28th and will feature the company's proprietary modular grow
systems and connected technologies. The event will be promoted to
local growers across the region through a series of outreach
activities and public relations events.
"We are excited to be at this stage of growth for the retail
arms of our company. We recognize the importance of obtaining and
aligning our resources for further growth and we are as prepared as
we could be as we head into this next phase. The revenue growth
already realized is an early indication of what we expect in the
future," states James Haas, CEO, Greengro Technologies.
To keep up with the activities of Greengro visit the corporate
website at www.greengrotech.com. The newly designed Vertical
Hydrogarden website can be found at
www.verticalhydrogarden.com.
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 www.verticalhydrogarden.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
GreenGro Technologies (CE) (USOTC:GRNH)
Historical Stock Chart
From Aug 2024 to Sep 2024
GreenGro Technologies (CE) (USOTC:GRNH)
Historical Stock Chart
From Sep 2023 to Sep 2024