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Greengro Technologies Signs $17 Million Purchase Contract for PV Solar Glass Hydroponic Vegetable Greenhouse
Greengro Technologies Signs $17 Million Purchase Contract for PV Solar Glass Hydroponic Vegetable Greenhouse.
About this update from Greengro Technologies, Inc.
[{"type":"text","content":"\n\n ANAHEIM, Calif., July 10, 2017 (GLOBE NEWSWIRE) -- Greengro Technologies, Inc. (OTC:GRNH), one of the fastest growing companies in the emerging indoor agriculture technology industry, today announced that its majority-owned subsidiary Biodynamics, LLC, Akron, Ohio, has been awarded a contract to sell a branded photovoltaic (PV) solar glass hydroponic vegetable greenhouse as part of a $17 million purchase agreement with GH Farms Group, LLC, an Ohio-based greenhouse company.\n Under terms of the agreement, Biodynamics will construct a 254,528 sq. ft. PV solar glass hydroponic vegetable greenhouse for GH Farms Group, with construction expected to start in the third quarter of 2018. The project, incorporating Biodynamics’ industry-leading fully automated off-grid greenhouse technology, will cultivate vegetables hydroponically using Biodynamics’ proprietary controlled environment agriculture (CEA) growing systems and techniques. “We welcome this opportunity to show that our greenhouses are the market’s best – climate-controlled by a positive pressure HVAC system with water and nutrients managed by an IBM Watson AI computer-automated irrigation system,” noted Trisha Madden, CEO of Biodynamics. “We are very pleased to be moving forward with the vegetable-growing sector of our operations,” said Greengro Technologies CEO James Haas. “Our indoor growing technologies have enormous potential across many types of agriculture applications and we expect to become a major competitor in the space.”  Haas noted that Biodynamics’ unique PV solar glass hydroponic greenhouses are an environmentally beneficial and economically lucrative alternative to traditional farming methods that are stressful to the environment and present growers with significant operational and economic challenges. Separately, Greengro Technologies announced progress with a $25 million project signed in February 2017 with Global Renewable Resources LLC (GRR), Shaker Heights, Ohio. The City of Warren, Ohio’s Mayor William D. Franklin recently committed the needed land to develop the project. “The backers of this project are not shy about their intentions to confront the disturbing trend of population decline in this region,” said Franklin.  “With careful attention paid to th...