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GreenGro Technologies, Inc. (OTC: GRNH) has appointed Charles Garavitt as its first Chief International Officer to spearhead its global expansion efforts. His primary role will involve establishing a global market presence for the company’s advanced vertical farming technologies through a franchise business model. The PR highlights the increasing demand for vertical farming solutions, particularly post-Covid-19, addressing food security and resource scarcity challenges. GreenGro aims to capitalize on this demand by franchising its technology worldwide, positioning itself as a leader in efficient, eco-friendly agricultural practices.
GreenGro Technologies, Inc. (OTC: GRNH) issued a Special Letter to Shareholders on March 11, 2021, highlighting its anticipated financial gains and profitability for the current fiscal year. The company credits its restructuring into three divisions and the introduction of a licensing model as key drivers of expected revenue growth. The newly launched 420 Rescue™ brand aims to support struggling hemp and cannabis farmers, addressing various operational challenges. GreenGro is optimistic about future market conditions, particularly with potential federal cannabis legalization.
GreenGro Technologies, Inc. (OTC: GRNH) is strategically positioning itself for the anticipated federal legalization of cannabis in the U.S. by acquiring key intellectual property rights, including trademarks IGot420tm and 420 Rescuetm. The company aims to leverage its experience in the Industrial Hemp sector to enter the cannabis market effectively. Recent polls indicate strong public support for cannabis legalization, with the market expected to grow significantly, reaching up to $20 billion by 2025. GreenGro operates three divisions that synergize to enhance profitability and market reach.
GreenGro Technologies (OTC: GRNH) announced the commencement of a large-scale Industrial Hemp Project in Hemet, California. This project follows a collaboration with organic certification experts, Organna LLC. The company's subdivision, CBD Ventures, has begun site planning on a 50-acre farm with potential for expansion. The project aims to cultivate proprietary strains of Industrial Hemp, focusing on CBG. Additionally, GreenGro plans to integrate a 10,000 pound per day Hemp Extraction System, enhancing market potential.
GreenGro Technologies, Inc. (OTC: GRNH) has formed an alliance with Organna LLC, a leader in Industrial Hemp Organic Certification. This partnership aims to enhance compliance and certification in the hemp industry, facilitating access to major retailers like Whole Foods and Walmart. CEO Darrel Courtney emphasized that compliance is crucial for market penetration, especially for organic products. Recent trends indicate a growing consumer demand for organic goods, accelerated by the pandemic. This strategic move positions GreenGro to capitalize on long-term market growth in the industrial hemp sector.
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