Business
Gala Global to Begin Sales and Distribution of Its Plant Cloning Incubators to Colorado Market
Gala Global to Begin Sales and Distribution of Its Plant Cloning Incubators to Colorado Market.
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\n\n LAS VEGAS, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Gala Global, Inc. (OTC:GLAG), a publicly-traded development firm specializing in equity investments, debt financing and mergers and acquisitions in the biotech industry, today announced that its majority-owned subsidiary, Controlled Environment Genomics Inc., a start-up biotechnology company focused on the development and commercialization of computer controlled digital plant cloning incubators for use in the agricultural and biopharmaceutical industries, has signed a Distributor Agreement with KGBI Colorado to sell the Company’s patent pending fully automated, computer controlled plant cloning incubators initially to Colorado’s large and growing cannabis market.  The Company has also completed the first commercial scale production version of its fully automated computer controlled plant cloning Incubators.  An initial manufacturing run of the first 100 units is scheduled to begin in December 2017.\n\n \n \n \n \n \n \n \n \n \n \n \n A Gala Global Incubator\n \n \n \n \n \n \n \n \n\n A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0d10117a-a1da-4c9e-b3fa-1df7778ba4a5 “We are excited to enter into this new business venture with KGBI, representing the second major milestone in the development of our turn-key digital plant cloning incubation systems,” said Gala Global CEO Timothy Madden. “The next major accomplishment will be the completion of the manufacturing run of our first 100 units, with initial revenues expected to begin in January 2018. Based on our existing sales pipeline and our success in developing new innovations in cloning and plant breeding, we believe Gala Global is on the right track to be able to generate substantially greater revenues and earnings in the weeks and months ahead,” concluded Mr. Madden. Gala Global Inc. subsidiary CEG Inc. is also collaborating with technology partner GenoBreeding Inc., on developing breeding tools such as molecular markers to enable productive plant breeding decisions and processes that achieve top-tier plant performance in a sustainable manner. CEG’s state-of-the-art genomics technology enables GenoBreeding to digitally sequence the genomes of the most desirable plant varieties based on flavor and nutrition, so the ...