GreenGro Technologies, Inc. Begins Work on its First Large Scale Industrial Hemp Cultivation Project
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.
- Initiation of a large-scale Industrial Hemp Project in Hemet, California.
- Collaboration with Organna LLC for organic certification.
- Expansion opportunity on a 50-acre farm with potential for an additional 60 acres.
- Focus on cultivating proprietary CBG strains, positioning the company at the cutting edge of the market.
- Negotiations to integrate a 10,000 pound per day Hemp Extraction System for enhanced production capacity.
- None.
ANAHEIM, Calif., Feb. 18, 2021 /PRNewswire/ -- GreenGro Technologies, Inc. (OTC: GRNH), an established provider of eco-friendly green technologies for the Industrial Hemp Industry, announced today it has begun work on a large scale Industrial Hemp Project in Hemet, California. The effort comes on the heels of the Company's recently announced alliance with organic certification experts Organna LLC. GreenGro's subdivision CBD Ventures made its first on-site planning visit on Monday and Organna will follow next week with its own initial analysis of the property. Thus setting the stage for development of the entire 50 acre farm in Hemet.
Since his appointment to the Company was announced last November, CBD Ventures' CEO Tom Schaefer has been diligently working to relocate the Company's industrial hemp registrations to a larger property. Mr. Schaefer considered expansion to be of paramount importance to the Company's long term success goals. The 50 acre property located in Hemet is controlled by Elixir Botanicals LLC and there is an opportunity for the venture to expand by another 60 acres.
The Project will focus on developing and cultivating proprietary strains of Industrial Hemp with dominant concentrations of the cannabinoid CBG. GreenGro's COO Mr. James Haas understands that it is imperative for the Company to operate at the cutting edge of the industry. And CBG is that cutting edge. This is why Mr. Haas has begun negotiations to bring a 10,000 pound per day Chieftain Hemp Extraction System to the property. "This distillate machine can process up to 100 liters per 10 hour shift. Imagine the market potential of a 50 Acre Certified Organic Industrial Hemp Farm that has the offload potential of such a robust Hemp Extraction System. This is the direction we want our Industrial Hemp operations to be aimed toward and the opportunity to get there is now" proclaimed Mr. Haas.
GreenGro's new arrangement with Elixir Botanicals is the culmination of a year's long diligence period between the two companies. Elixir's Manager Mr. Andres Martinez and his partner Mr. Luis Calderon have been working tirelessly over that time with GreenGro COO Mr. James Haas trying to orchestrate the perfect mutually beneficial arrangement for the two companies. The 50 acre property has been the site of a previously successful industrial hemp harvest managed by Mr. Calderon. But both companies saw the opportunity to improve upon their respective past successes with a joint operation. GreenGro will share harvest revenues with Elixir while maintaining project management control over the property with an eye toward a future leap into Industrial Hemp Organic Certification. Organna's initial analysis of the property next week will help determine a course for pivoting the property to Organic Certification. At that point, Certification Compliance partner Southern Grown may be introduced to the project's scope. GreenGro's subdivision CBD Ventures has already initiated transfer of the company's Industrial Hemp Registrations to the new property. The Riverside County Agricultural Commissioner's Office and the California Department of Food & Agriculture (CDFA) will give final approval.
GreenGro Technologies, Inc. (OTC:GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the green industries. The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the green market through a combination of three operating divisions: CBD Ventures, Cannabis Ventures and GenoBreeding. Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model. Additional details can be found by visiting the Company's website at www.greengrotech.com.
For additional information about GreenGro Technologies and its solutions, please visit www.greengrotech.com.
Safe Harbor Act: 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 several 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.
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SOURCE GreenGro Technologies, Inc.
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