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Greengro Technologies, Inc. Signs $25M ‘Smart Greenhouse’ Franchise Agreement with Ohio firm Global Renewable Resources | BP Gardens

Greengro Technologies, Inc. Signs $25M ‘Smart Greenhouse’ Franchise Agreement with Ohio firm Global Renewable Resources

By February 9, 2017News

Controlled Environment Agriculture (CEA) Urban Farming Market

ANAHEIM, CA (Marketwire – February 10, 2017) – Greengro Technologies, Inc. (OTC: GRNH), a world-class provider of eco-friendly green technologies, announced today that is has signed a definitive agreement on a ten-acre, $25 million Greengro hydroponic indoor farm project with Global Renewable Resources, LLC (GRR), Shaker Heights, Ohio, a new startup specializing in sustainable technologies and renewable energy.

The agreement calls for GRR to purchase a Glass Greenhouse Franchise marketed by Greengro subsidiary BP Gardens, Inc.  The project will utilize advanced technology and production methods from Greengro’s newly acquired subsidiary Biodynamics, a premier indoor controlled environment agriculture (CEA) industry leader.  Biodynamics provides Greengro customers with turnkey, fully automated, off-grid, state-of-the-art, high-tech hydroponic “smart” indoor vertical farms using positive pressure HVAC and photovoltaic (PV) solar glass.

The GRR Glass Greenhouse Franchise includes a turnkey greenhouse facility powered by renewable energy and designed to annually produce millions of pounds of a large variety of organic, pesticide-free hydroponically grown vegetables and fruits.

Through Greengro’s BP Gardens franchise agreement, GRR has raised 50 percent of the funds needed and committed to finish raising capital and completing site planning on the Northeast Ohio-based facility.   This is the first of four phases of an estimated $100 million total project planned for the 40-acre facility during the next four years, according to Haas.


“The company will focus on hiring military veterans to run production operations,” stated Greengro CEO James Haas.  “And five percent of the total production is earmarked for donation to Feeding America.”  Based in, Chicago, Ill., Feeding America is a nationwide network of 200 food banks leading the fight against hunger in the U.S.

“Greengro’s leading edge CEA technology fits perfectly into our business model to invest in companies that reduce carbon emissions while producing a higher quality product to be sold into the Midwest produce market,” said GRR CEO David Mays.


About Greengro Technologies

Greengro Technologies is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. The company’s customers include restaurants, community gardens, and small- and large-scale commercial clients. For more up to date info like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl


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.

Contact Information


Greengro Technologies

James Haas, CEO

1676 W. Lincoln Ave.

Anaheim, CA 92801

(714) 367-6538