GRNH) announces exclusive multi-million dollar deal with Neurofarms
Anaheim, California – October 5, 2021 (Newsfile Corp.) (Investorideas.com Newswire) GreenGro Technologies, Inc. (OTC Pink: GRNH), an established provider of environmentally friendly green technologies to the industrial hemp and cannabis industries , announced today that it has secured an exclusive multi-million dollar agreement to oversee the manufacture and distribution of premium medical cannabis products and cannabinoid pharmaceutical drugs in the United States and Canada. Mexico. The five-year agreement was awarded to the company by Neurofarrms, a California holistic and wellness company that develops transformative therapies derived from tetrahydrocannabinol (THC) and cannabinoids (CBD) for people with medical conditions with high needs. unmet medical professionals. The Company expects to disclose further details regarding the size of this deal and its expected future financial contributions in a follow-up press release.
“We are proud of the success and continued progress of our cannabinoid drug development program which has reached the highly anticipated commercialization stage,” said Victor Rocha, Founder and CEO of Neurofarms, LLC. “Applying our line of CBD products to over a thousand patients, with virtually no side effects, highlights the potential of our portfolio to treat a range of medical conditions, supporting our position as one of the most successful and influential players in the emerging segment of the cannabis industry. As a result, we achieved critical mass and felt that the time was right to partner with GreenGro Technologies, a leader in the cannabis industry. industry with manufacturing and distribution expertise, to support our marketing plans.
“Securing this opportunity with Neurofarms marks a significant achievement for Cannabis Ventures, a wholly owned subsidiary of GreenGro Technologies, Inc.,” said Robert Martinez, President and CEO of Cannabis Ventures. “We anticipate that the revenues from our agreement with Neurofarms will allow us to achieve profitability by the next fiscal quarter ending March 31, 2022, a key step on GreenGro’s path to becoming a global leader in the development and commercialization of ancillary services for the cannabis market, ”concluded Mr. Martinez.
“We believe that the combined capabilities of GreenGro Technologies and Neurofarms will produce the highest quality products and optimum efficiency for our consumers,” said James Haas, President and COO of GreenGro Technologies, Inc. “Neurofarms has already made significant advancements in the medical field thanks to its unique ability to successfully treat a number of diseases through the use of healing properties derived from herbs, hemp and cannabinoids. The unique formulations of Neurofarms combined with GreenGro’s business infrastructure should ensure the successful launch of our new partnership, ”concluded Mr. Haas.
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About GreenGro Technologies, Inc.
GreenGro Technologies, Inc. (OTC Pink: GRNH) is a vertically integrated provider of cutting edge, environmentally friendly technology solutions for green industries. The Company is a trusted partner for the cultivation, extraction, production and retail aspects of the green market through a combination of three operating divisions: CBD Ventures, Cannabis Ventures and GenoBreeding. Each division is able to leverage the strengths of the other, creating a synergistic, efficient and highly profitable business model.
For more information on GreenGro Technologies and its solutions, please visit
https://www.facebook.com/GreengroTechnologiesInc or the Company’s website at www.greengrotech.com.
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