Greengro Technologies (OTCPINK: GRNH), a company that provides construction and maintenance services for medical and recreational marijuana growers, announced that its initial design bid for one of Arizona's grow and cultivation projects allowed under the Arizona Medical Marijuana Act has been accepted.
This first phase of the project encompasses site design and installation of Greengro's premier Modular Systems. Subsequent to mandatory tenant improvements, the project will begin in earnest in Q2 2014.
The project is a multiphased build for one of Arizona's indoor grow operations with all products and services provided by Greengro. Upon completion of the Modular Systems installation, Greengro will enter into the next phase comprised of fully automated maintenance and management systems.
"We are very pleased that we are finally entering into the first phase of this project. Utilizing our Modular System design, the project will be completely operational in less time and resources than a traditional build,” Greengro Technologies CEO James Haas said, in a written statement.
Spate of Good News
This is just the latest piece of good news coming from the Anaheim, Calif.-based company
On Feb. 13, Greengro announced a strategic alliance with advanced solar solutions manufacturer Solaris Power Cells (OTCBB: SPCL).
Under this alliance, Greengro will deploy Solaris' 100% solar solution to current and future projects where the company's Flux Lighting brand of products are utilized for advanced indoor/outdoor grow operations.
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Completed First Trials Successfully
Solaris has successfully completed its first trials of its newly designed Solaris Agriculture Grow Cell, a self-contained off grid agriculture LED grow light solution. The sun recharges the Solaris Power Cells which powers the Red Blue spectrum LED array that enables the crop growth under a controlled lighting condition even after the sun has gone down for the day. As an added safety feature, the Solaris Power Cells are solid state that does not depend on Toxic Lead Acid Batteries.
What makes this move a win is that Solaris Agriculture Grow Cell technologies complement Greengro's lines of complete grow systems including its modular designs and complete greenhouse solutions.
“This alliance is in line with our desire to provide a complete systems and service offering and provides an economical alternative to traditional power sources for our large-scale commercial grow projects,” states CEO Haas.
Then on Feb. 4, it finalized the hiring of its core management team of BP Gardens project.
This is an ambitious agriculture sciences project spanning two locations in prime California real estate. A key component of the projects includes cutting-edge aquaponics production for commercial sales of fruit, vegetables and fish, with additional features soon to be announced. This type of technology and agricultural knowhow being developed and applied by Greengro is a critical component for ensuring the success of marijuana growers.
Appoints Strong, Seasoned Management Team
BP Gardens CEO and Director of Sustainability Projects, Rafael O. Quezada, has appointed Nancy Caruso to be on-site marine biologist and recirculating water farmer with Josh Graybiel providing design of the aquaponics and greenhouse systems.
Greengro says that Ms. Caruso brings a wealth of experience with stints at Aquarium of the Pacific, the California CoastKeepers, Disney and others, in addition to multiple, ongoing educational aquaponics programs initiated in schools throughout Orange County.
Perfect Positioning To Capture Marijuana Growers’ Business
This project and others the Nevada-based company is working on puts it in a strong position to be the go-to company for new and established marijuana growers. These projects also help to build the company’s overall brand and credibility.
GRNH share price closed at 50 cents on Mar. 11, up 6 cents from its share price of 44 cents the previous day.
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Hemp Inc. Continues Crusade to Promote Products Made from Hemp
In other news, Hemp Inc.'s (OTCPINK:HEMP) wholly owned subsidiary, the Industrial Hemp and Medical Marijuana Consulting Co. Inc., recently signed an agreement with Greene Concepts Inc. (OTC:LKEN) to provide professional consulting services for its new Hemp Web portal.
The thrust of the consulting agreement will center on Hemp’s subsidiary helping source hemp-based products, including hemp-based ink, hemp paper and other industrial hemp related products for Green Concept’s “hemp-centric” website, the Hemp Exchange (http://www.globenewswire.com/newsroom/ctr?d=10070361&l=1&a=http%3A%2F%2Fhemp-x.com&u=http%3A%2F%2Fhemp-x.com%2F).
Access to Many Hemp Products
“Hemp, Inc. has been evaluating products in this industry for the last 5 years,” said Hemp’s CEO said Bruce Perlowin. “We have a vast resource of companies that produce hemp products that can enhance the Hemp Exchange portal and we have close relationships with these companies,” he added, in a written statement.
This is just the latest move by Hemp to expand its footprint into various sectors of the vast legal-hemp/marijuana business.
Developing Vaporizer Products
On Jan. 28, VaporBrands International, Inc. (OTC Pink: VAPR) announced it has entered into a Letter of Intent to form a joint venture with Marijuana Inc. , another wholly-owned subsidiary of Hemp.
Under terms of the proposed joint venture, Marijuana, Inc. will assist VaporBrands with the development and distribution of specialized marijuana vaporizing products to be sold primarily through existing medical marijuana dispensary networks.
In addition, VaporBrands and Marijuana, Inc. have agreed to research, develop and distribute vaporizer products specifically for the use of Hemp Oil in natural medicine. Marijuana, Inc. has also agreed to assist VaporBrands in expanding the retail distribution of its current and future electronic nicotine based cigarette products.
Strong Move
This is yet another move by HEMP through a subsidiary that certainly strengthens its position in the marketplace. It also filled a much needed gap in its vertical offerings. While it’s too soon to measure how this will affect HEMP’s overall revenue, it is a positive move.
On Mar.11, HEMP share price closed at 13 cents, up 1 cent from yesterday’s of 12 cents.
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Introducing New Financing Plan for Medical Marijuana Dispensaries
Meanwhile, MediSwipe Inc. (OTCQB: MWIP) stock volume soared Mar. 11, with 3,301,872 shares changing hands, nearly double its three-month average volume of 1,825,001 shares.
This uptick in volume comes on the heels of news that Detroit-based company that provides payment solutions to licensed medical marijuana dispensaries is offering new financing for its customers.
MediSwipe’s program offers the initiation of up to a $500,000 credit facility to fund a broad range of cost-effective and flexible equipment leasing, real estate lease purchase agreements and financing programs for licensed retail, recreational and grow operations within the state of Colorado.
The innovative financing concept will quickly allow qualified licensed individuals and existing operations to participate in a revolving credit line to purchase heavy agricultural equipment including lighting, CO2 and hydrocarbon extractors, real estate property and acreage zoned for the regulated cannabis industry. The flexible and easy access business loans will eliminate much of the red tape of traditional bank financing. The Company is presently in negotiation with its' first two properties within the state of Colorado.
“We intend to streamline the lending process and have committed up to $500,000 for this program to provide easy access to capital for canna-businesses with minimal down payments and terms amortized up to sixty (60) months to fund hydroponic, agricultural and extraction equipment,” stated B. Michael Friedman, chief executive of MediSwipe.
This latest market move by the company comes about a month after MediSwipe launched its Mont Blunt® vaporizers and tobacco alternative product lines.
This is true vertical diversification and its one of the moves serious players in a burgeoning market always make.
Brings Strong e-Cig to Market
The Feb. 12 rollout was launched on the MediSwipe’s new e-commerce website at www.Montblunt.com. According to the release, MediSwipe’s Mont Blunt® product line offers a clean, affordable alternative to smokers. The company contends its cigarette’s unique design will be embraced by its target market.
Mont Blunt Vaporizers are battery powered devices that allow cigarette smokers to receive a vaporized liquid solution, while simply exhaling water vapor. The vapor is both harmless and odorless, yet it provides users with a physical sensation very similar to that of tobacco smoke, without the hassle and hazard of traditional cigarettes. The stainless steel, short but streamlined thin tube allows the user to hold the product much like they would while smoking, mimicking the physical sensation smokers often require.
The Mont Blunt device is also simple to use and effortlessly transportable. The subscription cartridges, which hold the nicotine and alternative flavors, are also small and easily replaceable, allowing the Mont Blunt user to enjoy this convenient technology wherever they choose, according the release.
On Mar.11, MWIP share price closed at 48 cents, up 8 cents from the previous day’s share price of 40 cents.
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SMTP Stock Value Climbs amid Very Little News
In the Internet Service Provider sector, SMTP Inc. (NASDAQ:SMTP), a global provider of email delivery services, share price closed at $6.13 cents, up 5 cents from the previous day’s share price of $6.08.
The company hasn’t issued any press releases nor has it been in the news since Feb 13 when it reported that its Board of Directors had declared a quarterly dividend of 12 cents per common share to shareholders of record at the close of business on Feb. 24, 2014. The dividend was paid on Mar. 3, 2014. The 12 cents per share dividend reflects the 1-for-5 reverse split that became effective on Dec. 26, 2013.
When initiating its dividend program in 2012, the company indicated its intent to return approximately 80%-90% of quarterly earnings to investors in the form of dividends. The company has applied that dividend policy throughout 2012 and 2013.
SMTP closed on a $10M public offering of 1.6 million new shares of common stock on Feb. 6, 2014, and closed on the $1.5-million over-allotment option granted to the underwriters for an additional 240,000 shares on Feb. 18, 2014. These transactions have increased the number of shares of company common stock outstanding by over 50%, which creates a situation where the dividend paid will exceed quarterly cash flow from operations. While this dividend declaration does not adhere to the company's previously published dividend policy, the company's Board of Directors considers it to be in the best interest of its shareholders to maintain a $0.12 per share dividend on the company's common stock for the foreseeable future.
Find out what could be the best investor’s move when it comes to SMTP by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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