|By Marketwired .||
|May 27, 2014 08:15 AM EDT||
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.
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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