Greengro Technologies Provides Progress Update on Vertical Hydrogarden Inc
New Launch Date Set for Grand Opening of Anaheim Location
ANAHEIM, CA -- (Marketwired) -- 05/27/14 -- After spending months
putting the right mix of people, processes and products in place,
Greengro Technologies (PINKSHEETS: GRNH) announces today a progress
update on the Anaheim Location of Vertical Hydrogarden following a
successful soft launch in late March, where month over month revenues
have realized an increase of 367 % taking the two stores over
$140,000 in April .
The company announced the acquisition in Q1 of 2014 and since has
focused on key strategic management hires that would propel sales of
not only the Anaheim Location but the Roseville location as well.
Economies of scale have since been realized with the negotiation of
new manufacturing and distribution agreements from preferred
partners; optimized order processing and inventory fulfillment
contracts; and optimized store redesigns that increase margins and
profitability of each location.
In an effort to build the brand of Vertical Hydrogarden and to
enhance the customer purchasing experience, and new redesign of the
Vertical Hydrogarden website will launch May 27th. This revamped
website places a focus on enhanced functionality and premium content.
Customers will be able to peruse and purchase from a wide variety of
products that will assist all growers, large and small, choose from
the latest selection of grow systems, nutrients and ancillary
accessories that yield maximum crops.
A hard grand opening date has now been set for the weekend of June
28th and will feature the company's proprietary modular grow systems
and connected technologies. The event will be promoted to local
growers across the region through a series of outreach activities and
public relations events.
"We are excited to be at this stage of growth for the retail arms of
our company. We recognize the importance of obtaining and aligning
our resources for further growth and we are as prepared as we could
be as we head into this next phase. The revenue growth already
realized is an early indication of what we expect in the future,"
states James Haas, CEO, Greengro Technologies.
To keep up with the activities of Greengro visit the corporate
website at www.greengrotech.com. The newly designed Vertical
Hydrogarden website can be found at www.verticalhydrogarden.com.
About Greengro Technologies
Greengro Technologies (PINKSHEETS: GRNH)
is a world class provider of eco-friendly green technologies with
specific domain expertise in indoor and outdoor agricultural science
systems serving both the consumer and commercial farming markets. It
brings together community and commerce through the growth and
distribution of healthy, nutritious foods and vital medicines backed
by science and technology. Customers include restaurants, community
gardens, small and large scale commercial clients. Greengro
Technologies also provides design, construction and maintenance
services to large grow and cultivation operations and collectives in
the medical and recreational marijuana sectors.
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 a number of 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.
Greengro Technologies, Inc.
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