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UPDATE: Gala Pharmaceutical to Form Strategic Alliances to Boost Demand for Cannabis Testing Facilities
IRVINE, Calif., Sept. 18, 2018 (GLOBE NEWSWIRE) -- Gala Pharmaceutical, Inc. (Ticker: GLPH), an emerging cannabis testing company, today announced it expects to form strategic alliances with GreenGro Technologies (Ticker: GRNH), a developer of eco-friendly greenhouses, and igot420distribution, a network of distribution centers connecting farms and manufacturing labs to licensed medical and recreational dispensaries, to boost initial demand for Gala Pharmaceutical’s cannabis testing facilities. Under the terms of the agreements, over the next several months, the three companies will collaborate to develop a joint sales, marketing and distribution strategy that will collectively take them one step closer towards becoming a true vertically integrated solution provider for the cannabis industry.
“Our partnerships with GreenGro Technologies and igot420 distribution will enable Gala Pharmaceutical to further develop and leverage our marketing and sales efforts to strengthen our position in the emerging market for cannabis testing facilities,” said Dr. Rehman, Chief Executive Officer of Gala Pharmaceutical, Inc. “These alliances will allow us to gain access to their deep-rooted and extensive client relationships across the cannabis industry, which will rapidly boost demand for our cannabis testing facilities as the state continues to phase in new cannabis testing regulations throughout the year,” concluded Dr. Rehman.
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About Gala Pharmaceutical, Inc.
Gala Pharmaceutical, Inc. (GLPH) is a publicly traded company that provides innovative tools for analytical testing laboratories. GPI is looking forward to developing high throughput screening technologies for chemical, plant, soil, and liquid composition analysis which will allow assay development for key compositional traits and provide quality services to various customers in the agricultural industry.
About GreenGro Technologies
GreenGro Technologies (GRNH) is a world class provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, small and large scale commercial clients. GreenGro Technologies also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational marijuana sectors.
The Company’s website at www.greengrotech.com offers regular updates including educational videos, projects updates, recipes and nutritional information, and where to find the Company’s products.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company’s best judgment based upon current information and involve several risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.