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ANAHEIM, Calif., July 09, 2019 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC: GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that its Chief Executive Officer, Matthew Burden, was interviewed last week on NBC Channel 4 News and Fox News Channel 11 relating to the Company’s announcement that it will be converting a 160-acre property in Nevada into a hemp farm and research facility. A link to the news clip can be found by visiting GreenGro to Convert 160-Acre Nevada Property on NBC and FOX News.
The media coverage followed the Company’s announcement that it has entered into a joint venture with Art Cortez dba Acs American, Inc., to develop a 160-acre CBD and hemp farm in Washoe County, Nevada. With a plan to obtain a Nevada Industrial Hemp Grower, Handler and Seed Producer License by the third quarter of next year, the farm will serve multiple purposes and function as a multi-use research center.
Projects will include producing and maintaining hemp and CBD nurseries, performing geno testing, hemp extractions, developing grow seeds, the construction of site facilities for labs and testing, and more. With such a property and all its low-THC, high-CBD hemp seeds to be provided by GreenGro Technologies' recently secured Southern California farm, the breadth of possibilities in Washoe County is considerable. The joint venture’s ownership structure will be split 66% for CBD Ventures and 34% Art Cortez.
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For more information about GreenGro Technologies and its solutions, visit www.greengrotech.com.
About GreenGro Technologies
GreenGro Technologies (OTC :GRNH) is a vertically-integrated provider of eco-friendly state-of-the-art technological solutions to the cannabis industry. The Company is a trusted partner to the cultivation, extraction, production and retail aspects of the cannabis market through a combination of three operating divisions that encompass extraction, CBD production and Genobreeding development. 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.
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 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.