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GreenGro Technologies, Inc. Announces the Highly Anticipated Grand Opening of Its Second High-Tech Dispensary Through igot420, on 4:20
GreenGro Technologies, Inc. Announces the Highly Anticipated Grand Opening of Its Second High-Tech Dispensary Through igot420, on 4:20.
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\n\n ANAHEIM, Calif., Feb. 26, 2018 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC PINK:GRNH), a leader in the indoor agriculture technology market, today announced the highly anticipated grand opening of its Cathedral City-based dispensary through its tenant igot420.  The anticipated opening will occur, on “4:20” 2018, with a soft opening scheduled for April 1, 2018.  The Company noted that the only matter that could cause a delay would be associated with its application with the State of California for a temporary license to sell recreational cannabis. The Company’s current delays were due to necessary modifications made to ensure the dispensary would meet the state of California new design standards for all new microbusiness models.\n “As the burgeoning cannabis business begins to reach maturity, more and more of today’s entrepreneurs will look for new and innovative methods to maximize their earnings potential.  This change in the industry’s dynamic can potentially result in greater demand for our state-of-the-art turnkey dispensaries, which can increase profits of a dispensary by as much as 50% at the retail store level,” said James Haas, Chairman and Chief Executive Officer of GreenGro Technologies, Inc. “The technological, financial and operational support we have provided our partners such as igot420, is consistent with our long-term strategy of expanding our presence initially across California, which should emerge as the single largest cannabis market across the nation.  This statewide expansion strategy coupled with our industry-leading technology should support our belief that 2018 should be a breakthrough year for the company and our shareholders,” concluded Mr. Haas. The grand opening of the Company’s igot420’s second dispensary, follows the opening of its flagship store in North Hollywood, a 14,000 square foot store which opened in October 2017.  GreenGro Technologies was able to use proceeds from last year’s $4 million financing to secure the buildout of the Cathedral City dispensary and is well underway to secure igot420’s third and fourth locations in southern California.  The Company noted that it expects management contracts from its igot420 dispensary to contribute to its growing revenue streams ...