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GreenGro Technologies Announces Strategic Initiatives Designed to Leverage New Cannibis Legislation
GreenGro Technologies Announces Strategic Initiatives Designed to Leverage New Cannibis Legislation.
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\n\n ANAHEIM, Calif., Jan. 04, 2018 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC PINK:GRNH), a world-class provider of eco-friendly green technologies, today announced that it expects the latest legislative initiatives relating to the legalization of cannabis, particularly in California, have set a favorable climate for companies such as GreenGro Technologies to expand its operations at a record pace.\n “The new legislation passed just a few days ago was a historic moment both for the cannabis industry as well as our nation as cannabis become one step closer to being recognized as a safe household name,” said James Haas, Chairman and CEO of GreenGro Technologies, Inc.  “These new initiatives have also set a favorable economic and legislative environment for companies such as GreenGro Technologies to flourish as the demand for the once taboo product continues to accelerate at a pace that has astounded even some of the industry’s most optimistic pundits.  As a result, we believe this year could be a breakthrough year for GreenGro Technologies when measured by its financial and operational achievements, beginning with the achievement of the five key milestones outlined in this press release.  We are excited about 2018’s potential for our shareholders and look forward to reporting our progress to you during our next earnings press release,” concluded Mr. Haas. GreenGro Technology’s 2018 Operational Milestones In an effort to capitalize on the latest legislative changes, the Company has established the following key milestones for 2018 that should enable it to accelerate its expansion strategy and ultimately enhance shareholder value: Milestone #1 - - Rapidly increase its market share of California’s vast and rapidly growing recreational cannabis market by gaining access to the newly issued licenses being issued to select entities in the State. As a result, California is expected to grow to become the single largest cannabis market in Northern America - - larger than all the other States and all of Canada combined.  Milestone #2 - - Place a greater emphasis on the sale of greenhouses through Vertical Hydrogardens, one of GreenGro Technology’s core businesses. Milestone #3 - - Increase the funding,  buildouts and management of additional dispensarie...