{"id":456038,"date":"2021-03-11T09:21:33","date_gmt":"2021-03-11T14:21:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456038"},"modified":"2021-03-11T09:21:33","modified_gmt":"2021-03-11T14:21:33","slug":"greengro-technologies-outlines-path-towards-significant-financial-gains-and-profitability-in-special-letter-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greengro-technologies-outlines-path-towards-significant-financial-gains-and-profitability-in-special-letter-to-shareholders\/","title":{"rendered":"GreenGro Technologies Outlines Path Towards Significant Financial Gains And Profitability In Special Letter To Shareholders"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n ANAHEIM, Calif.<\/span>, March 11, 2021<\/span> \/PRNewswire\/ —\u00a0GreenGro Technologies, Inc. (OTC: GRNH), an established provider of eco-friendly green technologies for the industrial hemp and cannabis industries, today issued a Special Letter to Shareholders in which it announced it expects to achieve significant financial gains and profitability in the current fiscal year based on the benefits of last year’s restructuring plan followed by this year’s new business plan and growth strategy.\u00a0Text of the Special Letter to Shareholders is as follows:<\/p>\n

“Dear Fellow Shareholder,<\/p>\n

While 2020 will be remembered as the year of the COVID-19 pandemic, with the closure of companies and countries completely paralyzed, GreenGro Technologies (OTC: GRNH) was able to capitalize on this period by successfully restructuring our business model into three separate divisions as well as the introduction of a licensing model that is expected to contribute a consistent and sustainable stream of high-margin revenues into the foreseeable future.\u00a0 The strategic investments we made last year, key management appointments and favorable economic and legislative climate with a new pro-cannabis administration should enable us to achieve a significant ramp-up in revenues and positive earnings, as early as this year.<\/p>\n

GreenGro to License its Technology and Expertise to the Hemp and Cannabis Industries<\/p>\n

One of the most important developments at GreenGro in 2021 has been our ability to create an entirely new revenue channel based on a licensing strategy, a first for us since our formation.\u00a0 We recently launched our 420 Rescue\u2122 brand, a unique and proprietary services offering that is designed to help save hemp and cannabis farms across the United States<\/span> that are on the brink of shutting down due to their lack of experience in operating a hemp and\/or cannabis farms.<\/p>\n

In 2019, when the implementation of\u00a0The Farm Bill of 2018\u00a0took hold across the United States<\/span>, tens of thousands of struggling farmers saw hemp as the new cash crop. They quickly adapted their cultivation and agricultural practices to a market worth almost $5 billion<\/span> in its first year.<\/p>\n

Unfortunately, jumping feet first into an unpredictable market proved to be challenging for farmers for several reasons, including:<\/p>\n