GreenGro Technologies (OTC:GRNH) announced it strategic shift in the company’s business strategy by entering the cannabis breeding and cloning industry.
As quoted in the press release:
This move is reflected by today’s announcement that GreenGro Technologies has entered into an agreement with KGBI Colorado, a leading retailer and cultivator of medical marijuana, to build and operate a state-of-the-art medical marijuana breeding and cloning laboratory to be in Denver, Colorado.
GreenGro’ s Potential Success in Cannabis Breeding and Cloning Business to be Secured by Proprietary Technology and World-Leading Geneticists
The facility’s competitive advantages will include, full automation, temperature control and, most importantly, the implementation of GreenGro’ s proprietary greenhouse technologies, which should enable GreenGro Technologies to rapidly capture market share of what could be the cannabis industry’s most lucrative and fastest growing sector: the breeding and cloning of medical marijuana.