ANAHEIM, Calif., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, announced today that it is completing the acquisition of a 55 percent majority interest in Biodynamics LLC, an Akron, Ohio-based leader in controlled environmental agriculture (CEA), renewable energy and consumer hydroponics.
The merger brings together two top CEA-industry companies that now together offer a range of leading-edge turnkey systems, from small grow rooms to state-of-the-art, off-grid, commercial-scale vertical farms that produce organic fruits, vegetables and herbs, year-round in any climate.
Greengro Technologies is a national leader in both indoor and outdoor franchise aquaponics and hydroponic greenhouse systems and grow rooms.
Biodynamics provides high-tech, hydroponic vertical farms as one of the U.S. market’s premier indoor CEA systems providers of “smart CEA produce factories.”
Together, Greengro and Biodynamics will gain increased market share. As a result of the merger, Biodynamics CEO Timothy Madden becomes the new chief operating officer (COO) of GreenGro Technologies. Madden will be managing a ten-acre, $25 million Greengro hydroponic indoor farm project with Global Renewable Resources, LLC, Shaker Heights, Ohio, along with other Greengro mergers and acquisitions currently in progress.
“By combining Greengro’s business operations with Biodynamics’ superior indoor vertical farming technology, Greengro will be able to offer one of the highest producing and most energy-efficient turnkey systems on the market, at a competitive price,” stated Greengro CEO James Haas. “Our research shows that Biodynamics’ ‘smart’ vertical farming technology is arguably among the world’s best, and we expect to make strong inroads into new markets as a result of this deal.”
Said Madden: “Greengro Technologies, a progressive innovator in the field of CEA, can now offer Biodynamics’ fully automated, turnkey, off-grid hydroponic vertical farms to a rapidly expanding customer base of companies entering the indoor farming arena. I believe the industry opportunities in early 2017 are enormous, and we are well positioned in the market to capitalize on the opportunities.”
Greengro has also completed business planning for the $7.5 million BP Gardens Glass Greenhouse Franchise agreed to last October with FoodRaiser Corporation, Dublin, Ohio, a noted trailblazer in health conscious fundraising. FoodRaiser provides schools, clubs, teams, bands, nonprofits, churches and numerous other organizations with organic product based fundraising opportunities. Several potential locations for the facility have been identified in the greater Columbus, Ohio, area. The project is expected to break ground upon the completion of the capital raise later this year, according to Haas.
About GreenGro Technologies
Greengro Technologies is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. The company's customers include restaurants, community gardens, and small- and large-scale commercial clients. For more up to date info like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl
About Biodynamics LLC
Biodynamics LLC, Akron, Ohio, is an industry leader in Controlled Environment Agriculture (CEA), specifically commercial hydroponic vertical farms that use precision environmental control to protect crops from environmental elements and enable year-round production of high quality, locally grown produce. Biodynamics focuses on offering turnkey, fully automated, off-grid, state-of-the-art, high-tech hydroponic vertical farms as one of the market’s premier indoor CEA systems providers. The company’s target market of customers includes businesses and institutions in the field of produce production and distribution. Secondary markets include corporate R&D laboratories and university agricultural schools. Biodynamics is headquartered at 526 S. Main St., Akron, Ohio 44311. (P) 330-920-6040 (I) www.biodynamicscea.com; (Email) info@biodynamicscea.com
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