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(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 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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