Greengro Technologies Sells BP Gardens Glass Greenhouse Franchise to FoodRaiser Corp. for $7.5 Million

First BP Gardens U.S.-Based Franchise Location
Greengro Technologies, Inc. (OTC PINK: GRNH), a world-class provider of eco-friendly green technologies, today announced the sale of a $7.5 million BP Gardens Glass Greenhouse Franchise to FoodRaiser Corporation, Dublin, Ohio, a noted trailblazer in health conscious fundraising. FoodRaiser provides schools, clubs, teams, bands, nonprofits, churches and numerous other organizations with organic product based fundraising opportunities.
Greengro Technologies and FoodRaiser have entered into an agreement for FoodRaiser to purchase a Glass Greenhouse Franchise marketed by Greengro Technologies'EUR(TM) subsidiary BP Gardens, Inc., a controlled environment agriculture (CEA) company that specializes in the use of leading-edge technologies and production methods. The Glass Greenhouse Franchise offering includes a turnkey, two-acre greenhouse facility designed to produce up to nine million heads of lettuce per year.
Through the BP Gardens franchise agreement, FoodRaiser has committed to raising the capital to fund the $7.5 million purchase over the next six months. The companies expect to be breaking ground on the Ohio-based facility between the second and third quarters of 2017. To learn more about FoodRaiser, visit: http://www.foodraiser.com/