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Greengro Technologies '3-Tier Franchise Model’ Used to Develop 4.5-Acre Site for Licensed Cannabis Grow in Adelanto, Calif.
Greengro Technologies '3-Tier Franchise Model’ Used to Develop 4.5-Acre Site for Licensed Cannabis Grow in Adelanto, Calif..
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\nCannabis Ventures Glass Greenhouse Franchises\nANAHEIM, Calif., March 02, 2017 (GLOBE NEWSWIRE) -- Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, has announced that the company signed a 40-year lease to develop a 4.5-acre property as part of a Cannabis Ventures Inc. (a subsidiary of Gala Global Inc. (OTC:GLAG)), cultivation franchise in Adelanto, Calif., a San Bernardino County community with commercial regulations for large-scale cannabis growing and harvesting.Greengro's is basing the deal on its \"3-Tier Franchise Model” designed for businesses in the field of controlled environment agriculture (CEA).  The three tiers are: 1) Glass Vegetable Greenhouse Franchises, 2) Glass Cannabis Ventures Inc. Franchises / Cannabis Sector, and 3) Vertical Hydrogarden Stores.Greengro’s second tier Cannabis Ventures Glass Greenhouse Franchises / Cannabis Sector provide customers with the company’s signature Glass Greenhouses under the Cannabis Ventures brand for the cultivation of recreational and medical cannabis.Gala Global Inc.’s subsidiary, Cannabis Ventures, is a developer of leading scientific processes for cultivating bio-medical grade cannabis plants featuring a higher concentration of cannabidiol (CBD), a cannabis compound known for its significant medical benefits.\"A Cannabis Ventures glass greenhouse franchise resolves upfront all of an indoor grow operation’s startup challenges, in particular taking the difficulty and complexity out of regulatory compliance in the state of California,” said James Haas, CEO of Greengro Technologies.Greengro’s Adelanto cannabis grow facilities lease agreement covers 20 years, with two 10-year renewal options for $1,200 annually.  Under the terms of the agreement, Greengro will obtain financing for its tenants to build at least two 22,000-sq.-ft. photovoltaic (PV) solar glass greenhouses featuring four-level vertical systems able to produce up to 575 lbs. of cannabis per week. Two of the facilities will be used for plant cultivation and the third as a modular CO2 extraction laboratory.  Greengro will receive revenues from three areas: turnkey lease rent, nutrients , supplies and consulting services.Along with financing, the Cannabis Ventures Glass Greenhouse Franchise provides the growers w...