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ANAHEIM, Calif., July 26, 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 by a number of prominent national and local Fox News Radio Stations relating to the nation’s booming hemp market and, in particular, the steps Burden has taken since being named as CEO of GreenGro to pave its way for profitability and sustainable revenue growth.
“The increasing media and investor interest in GreenGro is a result of our successful expansion into the booming CBD and hemp-based markets,” said Burden. “The passage of last year’s Farm Bill has virtually overnight enabled our nation’s struggling farmers to grow and sell hemp-based products at close to $40 a pound compared to their previous crops which sold at close to $1 a pound, in the case of kale, for example. This economic climate has set the stage for rapid and profitable growth for companies that have the right mix of high-yielding hemp seeds, experience, distribution and capital –– key factors that differentiate GreenGro versus the other players in the market,” concluded Burden.
The new $867 billion Farm Bill, recently passed by Congress, will make it easier for farmers to grow hemp –– the plant CBD, or cannabidiol, is derived from. The bill will bring important perks, like access to banking, federal grants, and crop insurance. The bill also takes hemp off the federal controlled substances list, removing some of the headaches for product manufacturers and farmers who grow the non-hallucinogenic plant to extract the therapeutic CBD oil, among other things. Although many thought CBD would emerge as a niche industry, based on the latest figures, CBD is becoming a mainstay in the United States. The market is expected to reach $22 billion by 2022, according to the Brightfield Group, a cannabis and CBD market research company.
Audio recordings of Burden’s recent interviews can be heard here:
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.
Bill Miller, 844-565-5665