"Initial Research Indicates Ohio Could Grow to be a $400 Million Medical Marijuana Market"
AKRON, Ohio, Aug. 16, 2017 (GLOBE NEWSWIRE) -- Biodynamics, a subsidiary of GreenGro Technologies Inc. (OTC:GRNH), today announced that it has received a commitment from Ohio Medicinal Gardens LLC (OMG), based out of Akron, Ohio, to build a state of the art Level-I 25,000 square foot medical marijuana facility.
“I am 100% behind the system, it is the best we have seen,”
said Joseph Scaccio, CEO of Ohio Medicinal Gardens.
The facility will be equipped with three tiers of fully automated recirculating vertical hydroponic production, and will be powered by a combined chilling heat a power (CCHP) positive pressure HVAC system to improve energy efficiency and sustainability.
With medicinal cannabis, recently being legalized in the State of Ohio, applications are being submitted and accepted for cultivation facilities in record numbers. OMG and GreenGro Technologies successfully submitted the application to the State by the June 30, 2017 deadline and is currently waiting for approval, which could be received as early as November 2017.
OMG was the first of seven facilities to be approved by Akron’s Planning Committee in early June, and on Monday, July 31st,, Akron’s City Council approved OMG Conditional Use Permit (CUP) for the facility’s location. “Biodynamics was founded in Akron, Ohio, and we are excited to have the opportunity to build one of the most advanced medical marijuana cultivation facilities in the country, right here in our home town,” said Trisha Madden, CEO of Biodynamics.
GreenGro Technologies (OTC:GRNH), parent company of Biodynamics, is excited to be a part of The State of Ohio’s Medical Marijuana Industry as it continues its expansion across in the US.
Ohio is accepting twelve Level-I facilities and twelve Level-II facilities. According to the Marijuana Business Daily, Ohio should generate an estimate of $200 million - $400 million in annual retail sales.
OMG has also committed to working with GenoBreeding, Inc. out of Anaheim, California to grow the highest quality, most effective medicinal strains in the U.S. in order to distribute them to the emerging Ohio cannabis market.
GenoBreeding is also developing a proprietary digital genetic database that will be used as an online cloud-based library of digitally sequenced genomes and phenotypic (chemical composition) information on all existing and new plant varieties.
With proprietary digital plant cloning technology GenoBreeding geneticists will be able to select the best plant varieties to hybridize with the aim of improving and increasing crop quality and yields by combining the very best genetics to maximize the variation of positive inherited characteristics in each variety.
About GenoBreeding Inc.
GenoBreeding Inc., a subsidiary of GreenGro Technologies, Inc. (OTC:GRNH), Anaheim, Calif., was formed in early 2017 to direct a GreenGro initiative intended to bring to the cannabis market cutting-edge plant varieties through the application of modern plant breeding technologies conducive to increased consumer demand and improved production profitability.
Biodynamics LLC, Akron, Ohio, specializes in innovative renewable energy and controlled environment agriculture business solutions in the U.S. market, providing consultancy, project management, construction, system installation and maintenance services for commercial, industrial, institutional, educational, residential, mobile and specialty greenhouse applications using state-of-the-art technologies and processes. Target markets include commercial hydroponic vertical farms that use precision controls 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 and greenhouses as one of the US 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 facilities. www.biodynamicshydroponics.com
About GreenGro Technologies, Inc.
GreenGro Technologies, Inc. (Ticker:GRNH) is a world-class provider of eco-friendly green technologies with specific expertise in indoor and outdoor agricultural systems for both consumer and commercial farming markets. GreenGro Technologies brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines produced by innovative technology throughout the supply chain. Customers include restaurants, community gardens, and small and large-scale commercial clients. GreenGro Technologies also provides design, construction, and maintenance services to large collection operations and collectives in the medical and recreational cannabis sectors. The company’s website, www.GreenGrotech.com, offers regular updates including educational videos, project updates, recipes, and nutritional information, and where to find the company’s products.
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