Published On: Fri, Sep 30th, 2016

Greengro Technologies Inc (OTCMKTS:GRNH) Introduces New 3-Tier Business Model

Greengro Technologies Inc (OTCMKTS:GRNH) has announced that it would be pursuing business activities in the industry of controlled environment agriculture, under a 3-tier franchise model. As such, the company is going to launch two Glass Greenhouse Franchises (GGFs), one of them specifically dedicated for the cannabis industry. A third franchise of Vertical Hydrogarden stores would also be developed. GRNH noted that the model would be implemented through its subsidiaries, namely BP Gardens Inc and Vertical Hydrogarden.

The company has stated that its list of end-users of the franchise include, companies focused on the production and distribution of leafy green produce. James Haas, the CEO of Greengro, stated that the program is aimed at benefiting the facility owners, who would have an opportunity for consistent production and hence profitability. He also claimed that a significant amount of resources have been invested in the development of these opportunities. Mr. Haas also noted that each of the franchises would be offered the opportunity to sell its entire produce, to the company.

Greengro issued a press release, providing details about each franchise. The first GGF would be incorporated under BP Gardens Inc and would include a 2-acre facility, which could potentially hold up to 9-million lettuce heads per year. The company believes that each lettuce head could be valued at $0.75. The second GGF would be incorporated under Cannabis Ventures Inc. is expected to boast similar qualities as the preceding franchise, but GRNH is yet to determine the estimated cannabis produce from this facility.

The third franchise is quite different, in that it would hold retail locations of Hydrogarden, a premier retailer of hydroponic supplies. In addition to providing indoor growing supplies, Hydrogarden also provides cultivation and consultation services as well. In its press-release Greengro noted that the model would eliminate the learning curve for its customers, providing immediate benefits.

Greengro Technologies Inc (OTCMKTS:GRNH) gained 8.4% during the September 29 trading session, to reach a close at $0.0515 per share. The stock had a trade volume of 6.32 million.

© Copyright 2016 OTC News Magazine. All rights reserved.