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GreenGro Technologies Announces Addition of New Chief Operating Officer; Cancels 57,500,000 Shares
(EMAILWIRE.COM, May 12, 2010 ) Oklahoma City, Ok - Press Release Source: GreenGro Technologies On Wednesday May 5, 2010, 2:23 pm EDT
GreenGro Technologies, Inc. (Pinksheets:GRNH - News), a medical marijuana provider holding company, announced today that it has entered into a long term employment agreement with James Haas, Jr., an experienced grower of medical marijuana since the inception of the 1996 California law. Under the terms of the agreement, Mr. Haas will act as Executive Vice President, Chief Operating Officer and will serve on the Board of Directors.
In addition, the Company announced that it has terminated the acquisition of Cannova Health; a clinic management company based in Newport Beach, CA, and has cancelled 57,500,000 common shares issued in relation to the acquisition.
"GreenGro has decided to focus its efforts on the management of medical marijuana nurseries and dispensaries, in particular for the Los Angeles and San Diego markets," said James Haas. "We are moving full speed ahead to fill these immediate needs to service the thousands of patients, in particular, within the LA County network. After completing our due diligence, we feel we are better suited growing our dispensary management from within while focusing our efforts on acquiring revenue producing entities."
About GreenGro: GreenGro Technologies is a vertically integrated medical marijuana company which provides management services of medical marijuana to non-profit patient cooperatives in southern California.
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GreenGro Technologies, Inc. (Pinksheets:GRNH - News), a medical marijuana provider holding company, announced today that it has entered into a long term employment agreement with James Haas, Jr., an experienced grower of medical marijuana since the inception of the 1996 California law. Under the terms of the agreement, Mr. Haas will act as Executive Vice President, Chief Operating Officer and will serve on the Board of Directors.
In addition, the Company announced that it has terminated the acquisition of Cannova Health; a clinic management company based in Newport Beach, CA, and has cancelled 57,500,000 common shares issued in relation to the acquisition.
"GreenGro has decided to focus its efforts on the management of medical marijuana nurseries and dispensaries, in particular for the Los Angeles and San Diego markets," said James Haas. "We are moving full speed ahead to fill these immediate needs to service the thousands of patients, in particular, within the LA County network. After completing our due diligence, we feel we are better suited growing our dispensary management from within while focusing our efforts on acquiring revenue producing entities."
About GreenGro: GreenGro Technologies is a vertically integrated medical marijuana company which provides management services of medical marijuana to non-profit patient cooperatives in southern California.
ABOUT Nebulastocks.com
http://www.nebulastocks.com/
http://lightspeedotcstocks.ning.com/
Nebulastocks is a leading stock website that provides FREE newsletters on stocks that are potential huge movers and also tracks micro cap stocks that could be undervalued by the market. Nebulastocks.com strives to provide an edge to Traders and Investors with its FREE newsletter service.
Nebulastocks.com is an independent electronic publication that provides information on selected publicly traded companies. Nebulastocks.com s not a registered investment advisor or broker-dealer. Nebulastocks.com affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise. in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
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