GreenGro Technologies announced that it has finalized a proprietary design to develop a large-scale, high-tech vertical indoor farming system that will initially produce lettuce and other leafy greens.
“Last year’s strategic restructuring of our company into separate divisions, with their own respective divisional CEOs and profit and loss centers, further strengthened GreenGro’s brand recognition and market share of the cannabis and CBD markets,” said James Haas, Chairman, and COO of GreenGro Technologies. “However, in light of the slowing cannabis economy, we also undertook a strategic shift in our business model away from the capital-intensive cannabis cultivation to focus on applying our experience in hydroponic greenhouses for the production of various food and produce, which is a significantly larger and growing market.
“Our new vertical indoor farming system will position GreenGro Technologies at the forefront of the multi-billion-dollar global AgTech industry. Our goal is to build and operate our first large-scale indoor farm for the production of lettuce and other leafy greens this fiscal year while concurrently focusing on developing our next generation indoor farms to grow produce that will include tomatoes, berries, and other high in-demand produce.