BUENA PARK, CA--(Marketwire - April 29, 2010) - GreenGro Technologies, Inc. (
Currently, there are an estimated 80 dispensaries operating within San Diego's city limits, but there have been no zoning permits or business licenses issued until the City Planning Board has voted on the proposed ordinances. The City Planning Board is scheduled to meet on May 16, 2010. The Company anticipates final approval of the zoning ordinances for all medical marijuana dispensaries within the San Diego city limits. After gaining approval from the Planning Commission, it is expected that the City Board will vote to make these changes the new law. Once final approval is received, all licenses will be issued in the name of Non Profit collectives under exclusive contracts with the Company.
GreenGro has entered into separate agreements to provide financial, construction, staffing and management support to the Non Profit collectives who will occupy this facility for a period of 5 years, with a 5 year option. Although the Company plans to announce its financial projections nothing will be forthcoming until the final medical marijuana dispensary licenses are issued.
About GreenGro: GreenGro Technologies is a vertically integrated medical marijuana company which provides management services for the cultivation of medical marijuana to non-profit patient cooperatives in southern California.
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:
Contact:
GreenGro Technologies, Inc.
James Haas, Jr.
(949) 891-8933