GreenGro Technologies, Inc. announced that its CBD Division has secured a four-acre parcel of real estate in Southern California to propagate feminized low-THC, high-CBD hemp seeds, forming an entire new revenue channel that could represent nearly a large portion of the company’s revenues for the current Fiscal 2019 ending December 31, 2019. The CBD hemp seed market is a large and rapidly growing segment of the cannabis industry which is being driven by consumer demand for healthier and more nutritious ingredients, which can be found in plentiful amounts in CBD hemp seeds. The Company’s hemp seeds are expected to have a number of significant competitive advantages since its Genobreeding Division will provide the key stable genetics for the seeds which will also be grown in the Company’s unique and proprietary greenhouses. In doing so, the company will ensure its vertically integrated process will yield the most amount of hemp seeds while maintaining one of the leanest cost structures possible to ensure immediate profitability. Based on the Company’s extensive experience in developing greenhouses, the Company estimates the its four-acre operation could contribute at least $2 million to its current Fiscal 2019 bottom line in its first full year of operation. The seed is empirically proven to produce low-THC (< 0.003% concentration) and high-CBD (12% - 22% concentration) flower biomass. The current wholesale value for such seed is estimated to range from $15,000 to $30,000 per pound. The Company expects its hemp seed project to be fully operational by the end of the third quarter with expectations of initial revenues to be generated as early as the fourth quarter of this fiscal year.