GreenGro Technologies, Inc. Begins Positioning Itself for Anticipated Legalization of Cannabis at the Federal Level
February 25 2021 - 3:05AM
InvestorsHub NewsWire
Cannabis Ventures Division is Now Laying Groundwork
to Capitalize Upon the Foreseeable Opportunities in a Federally
Legal U.S. Cannabis Market
ANAHEIM, CA --
February 25, 2021 -- InvestorsHub NewsWire -- GreenGro
Technologies, Inc. (OTC:
GRNH),
an established provider
of eco-friendly green technologies for the Industrial Hemp
Industry, announced today it has officially begun to position
itself for the eventual federal legalization of cannabis in the
U.S. The Company’s initial steps include acquiring intellectual
property rights such as the trademarks
IGot420tm, 420 Rescuetm, and Reefer
Throwdowntm. The intellectual property will be held in the
Company’s Cannabis Ventures Division which is expected to
eventually do for Legal Cannabis what the Company’s CBD Ventures
Division is currently doing for Industrial
Hemp.
GreenGro’s COO, Mr. James Haas believes that
acquiring and securing intellectual property rights is the first
step in positioning the Company for a lucrative future in the
Cannabis Market. “Our experience with Industrial Hemp will be
easily transitioned into the Cannabis Market. What should be
understood is that we already have the platform established. Our
recent partnerships with organic certification experts Organna LLC
& Southern Grown LLC go far beyond the Industrial Hemp space.
We purposely arranged those strategic alliances so they could be
instantly repurposed for the cannabis space. So, it is paramount
that we begin our venture into Cannabis by securing our branding
rights first. We want to be able to ‘hit the ground running’ as
soon as the federal legal landscape for cannabis in the U.S.
changes. That would mean an immediate deployment of our current
Industrial Hemp based services into cannabis-based branded products
when the time is right.”
Mr. Darrel Courtney, GreenGro’s CEO added “The
Company will be strategically poised to simultaneously capitalize
on the two markets. It will have two branches operating in Cannabis
and Industrial Hemp respectively. This diversification of company
resources not only expands our total market reach, but it also
allows for each segment to compliment the other. The markets,
although intertwined to some extent, follow wholly different
trajectories and are aimed at different end-user bases. This should
not only increase our bottom-line income but also level out our
volatility as performance in one market will support the other.
Additionally, our international footprint in Industrial Hemp will
serve as a springboard to international cannabis transactions that
we expect to open up upon federal legalization here in the
U.S.”
According to two recent polls, one from
Gallup and the other from
Pew Research
Center, about two-thirds of people in the US support
legalizing cannabis sales. And the results of last November’s
general election proved that sentiment as initiatives in four
states to legalize or decriminalize some form of cannabis all
passed. Additionally, several Washington lawmakers have already
signaled they'll soon introduce legislation
to start reversing the
federal ban on cannabis not just for social justice reasons but on
economic grounds as well. Strategic consultancy Emerton reports
that legalized recreational cannabis in the US is already at a
market value of nearly $8 billion and is expected to grow at an
impressive 14% every year in the lead up to 2025, landing anywhere
between $15 billion and $20 billion. Globally, a report from
Arcview has predicted that legal cannabis sales will hit $42.7
billion by 2024, while a report from Grand View Research has said
that the global legal marijuana market size is expected to reach
$73.6 billion by 2027.
GreenGro Technologies, Inc. (OTC:GRNH)
is a vertically-integrated provider of eco-friendly
state-of-the-art technological solutions to the green
industries. The Company is a trusted partner to the
cultivation, extraction, production and retail aspects of the green
market through a combination of three operating divisions:
CBD
Ventures, Cannabis Ventures and
GenoBreeding. Each division is able to leverage the strengths of the
other, creating a synergistic, efficient and highly profitable
business model. Additional details can be found by visiting
the Company's website at www.greengrotech.com.
For additional
information about GreenGro Technologies and its solutions, please
visit www.greengrotech.com.
Safe Harbor Act:
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 several 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.
For More Info
Visit: greengrotech.com
or Contact: Info@greengrotech.com
Darrel Courtney, CEO (714)
367-6538
GreenGro Technologies (CE) (USOTC:GRNH)
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