Cannabis Ventures Glass Greenhouse Franchises
ANAHEIM, Calif., March 02, 2017 (GLOBE NEWSWIRE) -- Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, has announced that the company signed a 40-year lease to develop a 4.5-acre property as part of a Cannabis Ventures Inc. (a subsidiary of Gala Global Inc. (OTC:GLAG)), cultivation franchise in Adelanto, Calif., a San Bernardino County community with commercial regulations for large-scale cannabis growing and harvesting.
Greengro's is basing the deal on its "3-Tier Franchise Model” designed for businesses in the field of controlled environment agriculture (CEA). The three tiers are: 1) Glass Vegetable Greenhouse Franchises, 2) Glass Cannabis Ventures Inc. Franchises / Cannabis Sector, and 3) Vertical Hydrogarden Stores.
Greengro’s second tier Cannabis Ventures Glass Greenhouse Franchises / Cannabis Sector provide customers with the company’s signature Glass Greenhouses under the Cannabis Ventures brand for the cultivation of recreational and medical cannabis.
Gala Global Inc.’s subsidiary, Cannabis Ventures, is a developer of leading scientific processes for cultivating bio-medical grade cannabis plants featuring a higher concentration of cannabidiol (CBD), a cannabis compound known for its significant medical benefits.
"A Cannabis Ventures glass greenhouse franchise resolves upfront all of an indoor grow operation’s startup challenges, in particular taking the difficulty and complexity out of regulatory compliance in the state of California,” said James Haas, CEO of Greengro Technologies.
Greengro’s Adelanto cannabis grow facilities lease agreement covers 20 years, with two 10-year renewal options for $1,200 annually. Under the terms of the agreement, Greengro will obtain financing for its tenants to build at least two 22,000-sq.-ft. photovoltaic (PV) solar glass greenhouses featuring four-level vertical systems able to produce up to 575 lbs. of cannabis per week. Two of the facilities will be used for plant cultivation and the third as a modular CO2 extraction laboratory. Greengro will receive revenues from three areas: turnkey lease rent, nutrients , supplies and consulting services.
Along with financing, the Cannabis Ventures Glass Greenhouse Franchise provides the growers with other benefits that include regulatory compliance, initial system planning and design and operational support and training.
“Adelanto is a perfect fit for Greengro and our customers because it has committed to authorizing up to six cannabis growing warehouses to operate in the city’s five industrial parks,” said Haas. “Adelanto has already approved 43 permits across four cannabis-growing activities. Our turnkey cannabis greenhouse facilities will furnish high capacity growers with top-of-the-line, fully automated hydroponic technology for commercial-level cannabis production.”
Greengro's 22,000-sq.-ft. solar glass greenhouses are precisely constructed to facilitate industrial cannabis cultivation and harvesting requirements, Haas said. Each greenhouse is specifically designed to make the most profitable use of functional space for growers while also providing precision temperature, humidity and lighting control to ensure the production of the highest quality food grade product.
In December 2016, Greengro purchased a 20-liter supercritical CO2 extraction machine for its extraction laboratories like the one to be built on the Adelanto site. This system utilizes high-flow pumps and large capacity extraction columns to rapidly recover essential oils from the plants.
About Greengro Technologies:
Greengro Technologies has specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. The company 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.
Greengro Technologies’ website: www.greengrotech.com. The company offers regular updates including educational videos, projects status, recipes and nutritional information along with where to find the company’s products. https://www.facebook.com/GreengroTechnologiesInc/
Gala Global Inc: https://galaglobalinc.com/ https://cannabisventuresinc.com/
https://www.facebook.com/galaglobalinc/ https://cannabisventuresinc.com/
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.