GreenGro Technologies, Inc.(OTCMKTS:GRNH ) has stated that it is it is open for business before schedule in the new Orange County, California location.
Plans are on for the first grand opening event on 20th April, 2015 which would be followed by more events, each one having different themes, different vendors as well as educational classes.
CEO James Haas said that the company is excited that it is making sales. He added that even though work is on, they are hoping for a great turnout on that day from consumers of all kinds who would be able to witness complete range of products under a single roof and decipher how everything comes under one Greengro Center.
The firm would also be launching the new light deprivation greenhouse systems which would offer energy efficient designs as well as higher yields costing lower than comparable products in the market.
The company was a part of Forbes list of “hottest marijuana companies” recently and is carrying on the momentum.
Greengro confirmed sales are up by 50% vis-a-vis last year, revenues are over 100% as compared to last year. However, Haas stated that a number of pending legislation changes are needed for legalizing cannabis.
The company has core business in sale of equipment, systems and supplies for green agriculture with a huge percentage being legal cannabis clients.
Market estimates are of the view that the core market may be over $685 million annually, a growth of over 20%.
Greengro Technologies is a provider of eco-friendly green technologies with domain expertise in outdoor and indoor agricultural science systems serving both commercial as well as consumer markets. The company brings commerce and community together by distributing healthy, nutritious foods as well as vital medicines. The company also gives construction, design and maintenance services.