|By Marketwired .||
|July 3, 2014 07:45 AM EDT||
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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