• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Cannabis » Greengro Technologies, Inc. Signs $25M ‘Smart Greenhouse’ Franchise Agreement with Ohio firm Global Renewable Resources

Greengro Technologies, Inc. Signs $25M ‘Smart Greenhouse’ Franchise Agreement with Ohio firm Global Renewable Resources

Tony Allen by Tony Allen
April 26, 2019
in Cannabis, Energy
2 min read
30
0
GRNH – One of The Hottest Publicly Traded Cannabis Companies

Controlled Environment Agriculture (CEA) Urban Farming Market

ANAHEIM, Calif., Feb. 10, 2017, GRNH, (GLOBE NEWSWIRE) — Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, announced today that is has signed a definitive agreement on a ten-acre, $25 million Greengro hydroponic indoor farm project with Global Renewable Resources, LLC (GRR), Shaker Heights, Ohio, a new startup specializing in sustainable technologies and renewable energy.

The agreement calls for GRR to purchase a Glass Greenhouse Franchise marketed by Greengro subsidiary BP Gardens, Inc.  The project will utilize advanced technology and production methods from Greengro’s newly acquired subsidiary Biodynamics, a premier indoor controlled environment agriculture (CEA) industry leader.  Biodynamics provides Greengro customers with turnkey, fully automated, off-grid, state-of-the-art, high-tech hydroponic “smart” indoor vertical farms using positive pressure HVAC and photovoltaic (PV) solar glass.

The GRR Glass Greenhouse Franchise includes a turnkey greenhouse facility powered by renewable energy and designed to annually produce millions of pounds of a large variety of organic, pesticide-free hydroponically grown vegetables and fruits.

Through Greengro’s BP Gardens franchise agreement, GRR has raised 50 percent of the funds needed and committed to finish raising capital and completing site planning on the Northeast Ohio-based facility.  This is the first of four phases of an estimated $100 million total project planned for the 40-acre facility during the next four years, according to Haas.

“The company will focus on hiring military veterans to run production operations,” stated Greengro CEO James Haas.  “And five percent of the total production is earmarked for donation to Feeding America.”  Based in, Chicago, Ill., Feeding America is a nationwide network of 200 food banks leading the fight against hunger in the U.S.

“Greengro’s leading edge CEA technology fits perfectly into our business model to invest in companies that reduce carbon emissions while producing a higher quality product to be sold into the Midwest produce market,” said GRR CEO David Mays.

About Greengro Technologies
Greengro Technologies is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. The company’s customers include restaurants, community gardens, and small- and large-scale commercial clients. For more up to date info like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.

Tags: green technologiesGreenGro TechnologiesGRNHhydroponicrenewable energySmart GreenhouseUrban Farming
Tony Allen

Tony Allen

Tony Allen received a bachelor’s degree in journalism from the University of South Florida in 2011, specializing in feature writing and reporting on sports and events.

Related Posts

ComEd preps response to restore power outages caused by storm and strong winds
Energy

ComEd preps response to restore power outages caused by storm and strong winds

June 10, 2020
133
President Donald Trump inspired a rise in oil futures after he said a deal between Saudi Arabia and Russia is underway.
Energy

Oil slightly recovers after Trump said a deal between Saudi Arabia and Russia might be reached in a ‘few days’

April 2, 2020
150
Oil refineries and storage facilities are about to reach their maximum capacity as the pandemic continues to shock demand.
Energy

Oil prices are approaching ‘negative territory’ as production increases after OPEC+ cuts expire

April 1, 2020
118
Senator Ted Cruz said that he and other GOP senators ecently ripped into the Saudi ambassador against weaponizing oil prices.
Energy

Ted Cruz: GOP senators warned Saudi Arabia against using oil as ‘economic warfare’ against Americans

March 30, 2020
151
The U.S. solar market installed 13.3 gigawatts (GW) of capacity in 2019, new report reveals.
Energy

US solar installations are expected to grow 47% in 2020 but coronavirus crisis might have an impact moving forward

March 17, 2020
115
Monday has seen a rise on oil prices, the first after six sessions of losses triggered by the coronavirus outbreak
Energy

Oil recovers after six sessions of losses as OPEC+ mulls to impose further cuts

March 3, 2020
127
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.