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Greengro Technologies and Cannabrands AG Joint Venture Launches 'Vertical Hydrogarden Europe'
Greengro Technologies and Cannabrands AG Joint Venture Launches 'Vertical Hydrogarden Europe'.
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\n \n \n Greengro Technologies and Cannabrands AG Joint Venture Launches 'Vertical Hydrogarden Europe'\n \n \nGreengro Technologies and Cannabrands AG Joint Venture Launches 'Vertical Hydrogarden Europe'\n\nIntroducing American Industrialized Controlled Environment Agriculture (CEA) Techniques and Grow Systems Into the European Marketplace\n\n \n ANAHEIM, CA--(Marketwired - Oct 12, 2016) - Greengro Technologies, Inc. (OTC PINK: GRNH), a world-class provider of eco-friendly green technologies, today announced its joint venture agreement with Cannabrands AG, an Austrian-based private equity company specializing in cannabis industry investments. Cannabrands is listed on the Berlin Stock Exchange under ticker symbol: (BERLIN: JPK1:GR). \n The joint venture is based on the franchising of GreenGro subsidiary Vertical HydroGarden, a premier U.S. retailer of year-round hydroponic supplies. Vertical HydroGarden, Inc., which supports businesses in the field of controlled environment agriculture (CEA), is the industry-leader in modular automated hydroponic grow-rooms, portable grow-containers, greenhouses, hydroponic and aquaponics supplies and cultivation consulting services. \n In preparation for a worldwide surge in demand for improved automated indoor crop growing capabilities, this mutually advantageous partnership enables Cannabrands to establish a working model for franchising Greengro's Vertical Hydrogarden Stores throughout the European region, attracting international exposure through the use of state-of-the-art grow facilities.\n \"Together with our storefront Vertical Hydrogarden franchises appearing throughout Europe, this joint venture initiates a project offering 'student immersion' courses for Europeans to take advantage of a campus-like course of study in the U.S. focusing on CEA growing systems and techniques in anticipation of expected worldwide growth of the legalized cannabis market,\" said James Haas, CEO of Greengro Technologies, Inc. \n Haas stated that his company's franchise program benefits facility owners by ensuring consistent production and profitability.\n \"We provide a state-of-the-art grow environment and the franchise is offered with a purchase order to acquire the entirety of the produce crop that a facility harvests.\"\n The two companies will first initiate their European Franchising Mod...