Greengro Technologies Signs $8.4 Million Contract With Canna Culture Collective Inc., to Build a Sta
ANAHEIM, Calif., Oct. 12, 2017 (GLOBE NEWSWIRE) -- Greengro Technologies, Inc., (OTC:GRNH), a leader in the US indoor controlled environment agriculture and vertical farming industry, today announced that its majority-owned subsidiary, Biodynamics, Inc., was awarded a purchase contract to build a 2-acre turn-key fully automated photovoltaic solar glass hydroponic cannabis greenhouse in Greenfield California, for Canna Culture Collective Inc., San Jose, California.
Under the terms of the agreement, Biodynamics will construct a 88,364 sq. ft. PV solar glass hydroponic cannabis greenhouse for Canna Culture Collective, Inc., and expects to start construction as soon as permitting is complete in the first quarter of 2018. The project will incorporate Biodynamics’ proprietary fully automated positive pressure PV solar glass greenhouse technology, and will be used by Canna Culture to cultivate medicinal cannabis using the Biodynamics proprietary multilevel controlled environment agriculture growing systems and techniques. “We are excited about this opportunity to showcase our fully automated positive pressure solar glass hydroponic greenhouse technology in the legal California cannabis industry,” said Trisha Madden, CEO Biodynamics, Inc. She also noted, “Standard ploy greenhouses have been proven by many other cannabis industry leaders to be incapable of maintaining the consistent environment that is required to properly grow medical grade cannabis. Growers that use poly greenhouses produce much lower quality product, and face many other significant operational and economic challenges. Biodynamics greenhouses provide precision atmosphere control through our proprietary positive pressure HVAC system, and fully automated computerized light depo and vertical hydroponic irrigation, all working together to increase production quality and yield, and improving energy use and over-all profitability.”
“We are very pleased to be moving forward with the first Biodynamics cannabis greenhouse,” said Greengro Technologies CEO James Haas. “Our computer controlled indoor vertical growing technologies have enormous potential across many types of agriculture, but the national cannabis greenhouse market is currently expanding very rapidly, and we are becoming a major competitor in the space.” Haas also notes that, “Biodynamics’ unique hydroponic PV solar glass greenhouses will provide Canna Culture a significant competitive advantage over their competition. The fully automated positive pressure PV solar glass greenhouses are environmentally advantageous and a lucrative alternative to the low-tech poly cannabis greenhouse that are currently being marketed to sold to other commercial scale cannabis growers as the 'industry standard.'"
According to Arcview Market Research www.arcviewmarketresearch.com, an arm of Oakland-based cannabis investment firm the Arcview Group, estimates the legal US cannabis market reached $1.8 billion in 2016 and will hit $5.8 billion by 2021.
Biodynamics Inc, Akron, Ohio, specializes in innovative renewable energy and CEA business solutions in the U.S. market, providing consultancy, project management, construction, system installation and maintenance services for commercial, industrial, institutional, educational, residential, mobile and specialty greenhouse applications using state-of-the-art CEA technologies and processes. Target markets include commercial hydroponic vertical farms that use precision environmental control to protect crops from environmental elements and enable year-round production of high quality, locally grown produce. Biodynamics focuses on offering turnkey, fully automated, off-grid, state-of-the-art, positive pressure hydroponic vertical indoor farms as one of the market’s premier indoor CEA systems providers. The company’s target market of customers includes businesses and institutions in the field of produce and cannabis production. Secondary markets include corporate R&D laboratories and university agricultural schools. www.biodynamicshydroponics.com
About Greengro Technologies
Greengro Technologies Inc., (OTC:GRNH) is a world class provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural systems serving both the consumer and commercial farming markets. The Company brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, and small and large-scale commercial clients. Greengro Technologies also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational cannabis sectors. The company’s website: www.greengrotech.com, offers regular updates including educational videos, projects updates, recipes and nutritional information, and where to find the company’s products.
About Canna Culture Collective
Canna Culture Collective (CCC) has been serving South San Jose and the rest of the Bay Area for over 5 years. Their knowledgeable staff are eager to assist patients in choosing the right products: concentrates, flower, or edibles. CCC plans to continue to expand as superior resource for high-quality medicines. They specialize in over 50 edible products, wax, shatters, CBD extracts as well as over 20 strains of flowers, CO2 concentrates and more. http://cannaculturecollective.com/
Forward Looking Statements:
This release may contain forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to, the possibility that some or all of the matters and transactions considered by the Company may not proceed as contemplated, and by all other matters specified in the Company's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the Company's filings with the Securities and Exchange Commission (www.sec.gov), including its recent periodic reports.