Greengro Technologies Inc (OTCMKTS:GRNH) reported that its superstore grand opening event surpassed expectations in both sales and attendance. The sales team considers demo area and expanded showroom as supporting factors for new clients and increased sales. James Haas, the CEO, said that they have an experienced and knowledgeable sales team. Therefore, providing them demo capabilities helps them to make buyers understand the complete picture. The new advancements helped the company get a design and consulting deal from an Arizona dispensary customer that attended mega event.
Greengro’s superstore location is established to present its Hydrogarden products, offer informative demonstrations and seminars, and to provide consulting and design services for customers of any size. The company intends to launch several unique products during 2015 peak season and is working on its plans to introduce better hydroponic and water conservation solutions to assist producers and farmers adjust their operations for the severe drought conditions.
The management view
Haas stated that the recent expansion comes with a bold commitment. It is thrilling to witness that the grand launch, combined with other marketing and sales measures, has resulted in a strong sales pipeline. The sales in the initial four months of 2015 have exceeded what the store recorded in last year. Greengro believes that the current fiscal is going to be great in both market share and revenue of the expected $685 million hydroponics and equipment division of the cannabis and agriculture markets.
Greengro Technologies Inc (OTCMKTS:GRNH) was included in Forbes list of “hottest marijuana firms” and continues to fetch attention. It is known for its eco-friendly green technologies with domain expertise in enclosed and out-of-doors agricultural science systems. The company provides its services to commercial farming markets. The company brings together business and community via the growth and distribution of its innovative products.
On Monday’s trading session, the stock price of Greengro opened 7% lower at $0.0500.