Greengro Technologies, a provider of eco-friendly green technologies, announces that its management has entered into a Memorandum of Understanding with CannaBrands AG, an Austrian based private equity company, to provide agricultural equipment and lease financing for its cultivation projects. Upon consummation of a Definitive Agreement, Greengro will become the exclusive vendor and supplier of all necessary equipment required to fortify their cannabis cultivation capacity.
“This is a great step forward in our preparation to facilitate serious production in the industry. We believe we are standing on the threshold of great developments, and we anticipate that this deal will bring momentum to the market at a time that could not be more pivotal” stated James Haas, CEO of Greengro Technologies, Inc.
Cannabrands AG, a publicly traded company listed on the Berlin Stock exchange, recently announced that they anticipate this endeavor (based on contributing factors) has the potential to generate revenues in the six-figure range for their Company.
