BUENA PARK, CA — (MARKET WIRE) — 11/11/10 — GreenGro Technologies, Inc. (PINKSHEETS: GRNH) announced today the acquisition of Vertical Hydrogarden Inc. , a Northern California based company that manufactures and sells patent pending Vertical Gardening and Cultivation equipment. Terms of the acquisition were not disclosed.
Vertical Hydrogarden Inc. , led by inventor John Taylor , obtained a patent on a revolutionary system design that reduces the physical footprint of gardening and cultivating by 2/3rd while reducing energy costs and improving crop yields. After the acquisition is complete, Vertical Hydrogarden products will be integrated and sold as the first hardware product line associated with GreenGro Technologies’ new product strategy.
According to John Taylor , President of Vertical Hydrogarden Inc. , “We sought out an alliance with GreenGro Technologies as a way to accelerate getting our products into the marketplace. The various models of our vertical garden products, fits well into GreenGro’s core business strategy towards the green agriculture sector. Our proprietary vertical wall design has demonstrated improved growth and production while conserving energy and space in real production environments.”
” GreenGro is tremendously excited that we were able to make this acquisition, which adds our first intellectual property and hardware systems suitable for produce production such as tomatoes, lettuce, cucumbers, etc., as well as supporting the explosive Medical Marijuana market sector,” said James Haas , CEO of GreenGro Technologies Inc.
GreenGro Technologies will roll out several models of its new vertical gardening and cultivation system in the coming months, and announce strategic client relationships already in production with Vertical Hydrogarden products. GreenGro’s product line will be sold through a newly formed distribution channel, strategic partners, and through direct sales that involve systems design, integration, and consulting services from GreenGro’s staff.