Greengro Technologies Provides Progress Update for BP Gardens Lincoln and Buena
ANAHEIM, CA -- (Marketwired) -- 07/03/14 -- Greengro Technologies
(PINKSHEETS: GRNH) announces today that it has provided an update for
progress made on both BP Gardens Projects. The long awaited BP
gardens Buena Park will begin full production and BP Gardens Lincoln
is simultaneously coming online.
The company has all of the infrastructure in place in Lincoln Hills
to begin a first phase of a full grow cycle production September 1.
This test run will utilize approximately half of the total greenhouse
capacity with the remaining space coming online after an initial 60
day trial period.
Another distinct advantage of Lincoln is the existence of onsite
wells and a natural underground spring that will supply water for the
project year round. As part of the agreement with the land owner the
company has secured exclusive water rights. This underground natural
spring will form the bases of the projects fishery and full
aquaponics grow systems.
BP Gardens Buena Park has secured the initial seed funding to begin
production by August 1. The company will begin with seedling
production for its vertical systems followed shortly by fully
hydroponic solutions upon securing final design approval from
Southern California Edison on September 1. Once this approval is
secured full production for commercial sales will begin in earnest.
"We are excited and encouraged by our progress on both project sites.
Even though we still await regulatory approvals we are now in a
position to move both projects into full production and both should
be cashflow positive over the next quarter," states James Haas, CEO.
To keep up with the progress of both projects and to see real time
photos visit http://www.greengrotech.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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