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Greengro Technologies Prepares to Meet Rising Demand for Cultivation Equipment Resulting From International Interest in Legalized Cannabis Operations
Greengro Technologies Prepares to Meet Rising Demand for Cultivation Equipment Resulting From International Interest in Legalized Cannabis Operations.
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\n \n \n Greengro Technologies Prepares to Meet Rising Demand for Cultivation Equipment Resulting From International Interest in Legalized Cannabis Operations\n \n \nGreengro Technologies Prepares to Meet Rising Demand for Cultivation Equipment Resulting From International Interest in Legalized Cannabis Operations\n\nManagement Enters Memorandum of Understanding With Cannabrands AG, International Proprietor, to Bolster Cannabis Harvesting Capacity in California\n\n \n ANAHEIM, CA--(Marketwired - Jun 29, 2016) - Greengro Technologies, Inc. (OTC PINK: GRNH) a world-class provider of eco-friendly green technologies, announces today that Management has entered into a Memorandum of Understanding with Cannabrands AG, an Austrian based private equity company, to provide agricultural equipment and lease financing for its cultivation projects. Upon consummation of a Definitive Agreement, Greengro will become the exclusive Vendor and supplier of all necessary equipment required to fortify their cannabis cultivation capacity. \n This agreement will empower Greengro to bolster the Company's position in the marketplace, preparing GRNH for a strong anticipated upsurge in demand for farming capacity, industry wide. \n \"This is a great step forward in our preparation to facilitate serious production in the industry. We believe we are standing on the threshold of great developments, and we anticipate that this deal will bring momentum to the market at a time that could not be more pivotal,\" stated James Haas, CEO of Greengro Technologies, Inc. \n Upon exploration of the Company's complementary means and objectives, meaningful dialog has ensued, and a strategic plan is being developed. Cannabrands AG, a publicly traded company listed on the Berlin Stock exchange, recently announced that they anticipate this endeavor (based on contributing factors) has the potential to generate revenues in the six-figure range for their Company. \n The Company will keep shareholders updated as events unfold with the its new product line, as well as other projects currently underway. \n About Greengro Technologies: Greengro Technologies (OTC PINK: GRNH) is a world class provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings to...