GRN Holding Corporation Completes Squad Drone Testing

SEATTLE, WA / ACCESSWIRE / March 2, 2020 / GRN Holding Corporation (OTC PINK:GRNF, the “Company”), announced today that Squad Drone has successfully completed live testing to verify operational safety and performance. Testing included checks for flight stabilization, Safe Start, diagnostics, GPS failsafe range and package release.

“This is a monumental day for the company,” said GRN Holding CEO Justin Costello. “With the successful testing behind us, we’re excited to move forward with the next phase of bringing drone delivery to the cannabis B2B market.”

Squad Drone (www.squad-drone.com), located in Bellevue, Washington, offers delivery drone technology and services for the business-to-business (B2B) market.

About GRN Holding Corporation

GRN Holding Corporation (OTC Pink:GRNF) is a Nevada registered publicly-traded company.

For more information, please contact:

Deborah Pace
IR@grnholding.com

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.


GRN Holding Corporation Completes Due Diligence Relating to Acquisition of Squad Drone

SEATTLE, WA / ACCESSWIRE / February 14, 2020 / GRN Holding Corporation (OTC PINK:GRNF, the “Company”) announced today that the Company has completed its due diligence in connection with the acquisition of Squad Drone.

The acquisition includes all Squad Drone assets and technology, and 100% equity in the business.

Squad Drone (www.squad-drone.com), located in Bellevue, Washington, offers delivery drone technology and services for the business-to-business (B2B) market.

“Having such a key technology for the hemp and cannabis delivery space is a game-changer in the B2B delivery sector,” said GRN Holding Corporation CEO Justin Costello. He added, “We’re excited to bring Squad Drone into the GRN family and to be at the forefront of creating more secure and cost-efficient hemp and cannabis delivery services.”

About GRN Holding Corporation

GRN Holding Corporation (OTC PINK:GRNF) is a Nevada registered publicly-traded company.

For more information, please contact:

Deborah Pace
IR@grnholding.com

Forward-looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.


HIGH TIMES FEATURE: Seattle-Based Marijuana Delivery Service Could Be Using Drones Soon

Squad Drone has been featured on HIGHTIMES.com — Article transcript has been posted below. Authored by Caitlin Donohue

In an effort to save money on logistical costs, a cannabis company has announced its plans to deliver product to Seattle businesses with drones. The high-flying partnership was publicized last month by GRN Holding Corporation, which is carrying out the plan by purchasing the aggressively-named Bellevue, Washington company Squad Drone.

The drones could be hoisting marijuana above your head for test deliveries as quickly as February or March.

“We anticipate the entire industry will adopt this where applicable,” said GRN Holding Corporation CEO Justin Costello in a December press statement, which estimates that the drones will dramatically cut down on the costs associated with getting cannabis to where it needs to go.

“All the flights will be monitored by a command center in Seattle and operated by a licensed pilot,” Costello continued. “We expect hiring about 20 employees in the various cities to hook the drones into charge ports, calibrate them, and ensure the safety totes and computer systems pass flight requirements.”

The company is not the first to announce that it will be dabbling in drones to deliver products. Drones have already been delivering snacks and healthcare products in Christianburg, Virginia, as well as in countries such as Australia and Finalnd.

Amazon has been forecasting drone deliveries for years via its so-called Prime Air program. The mega corporation says that the air system will shave time off its deliveries to customers.

Are Drones More Environmentally Friendly?
Drones have been hyped as an environmentally friendly alternative to ground deliveries, but the reality is that the veracity of the statement depends on certain factors. For one, where the energy comes from that is required to charge their batteries. They also may be more environmentally effective in certain types of delivery networks. Studies have shown that trucks, for example, may consume less energy when serving product to densely located destinations.

MarketWatch reports that GRN Holding has been in the process of testing and customizing six drones over the past year. The machines will be able to manage 40 kilograms of product, and are equipped to operate over a range of 10 kilometers, courtesy of a “GPS navigation system and digital signature interface.”

Currently, the drones are slated to distribute to other businesses, not individual customers. And yes, they’ll be able to take businesses’ money, thanks to the installation of an iPad with CannaTrac’s cashless payment system.

“Basically the cost to run and operate a drone is 1/10th of a van or sprinter,” said CannaTrac CEO Tom Gavin. “So this is not some move to change an industry on just policy or technology, this will change an industry based on safety and cost savings as well.”

A local radio host expressed his concern for the safety of the cannabis drones.

“I wonder how many young toughs out there are going to bring out the old slingshots and try and shoot down a drone carrying pounds of weed,” said Seattle FM show KIRO Nights host Aaron Mason. “I don’t know, but I assume someone has thought about this.”


Cannabis Delivery Drones Could be in Seattle Skies by March

Squad Drone was recently featured on the MyNorthWest.com KIRO Nights with Gee Scott and Aaron Mason podcast — weekdays from 7-10 p.m. on KIRO Radio, 97.3 FM.

Click to play featured segment audio.

Some say that when it comes to rising industries like cannabis, the sky is the limit. That’s about to be tested by a Seattle based company that plans to use drones for deliveries.

GRN Holdings announced in December that it was signing a non-binding letter of intent to purchase drones for a business-to-business delivery marijuana delivery service.

Originally designed for military operations, the drones will be equipped with iPads for a payment system, and will be flown by highly-trained pilots.

“I’m not gonna lie — that sounds like a fun job,” joked KIRO Nights co-host Aaron Mason.

GRN CEO Justin Costello expects the company to begin making test deliveries in Seattle as soon as February or March.

“It has been hard for me to keep this project a secret, because it is so cool,” Costello said in a December news release. “This is the boldest move yet in the industry we have gotten involved with.”

According to CannaTrac CEO Tom Gavin, drone deliveries will cost roughly a tenth the price of using vans.

“This hits all the needed elements for a true market disruptor,” said Gavin.

While the deliveries will be to dispensaries rather than customers, it also marks a step forward for drone deliveries in Seattle. The idea was first pitched by Amazon, when it teased at “Prime Air” years ago.

“The idea that the idea that it’s being confined to just business to business sounds pretty good,” Mason noted. “But I wonder how many young toughs out there are going to bring out the old slingshots and try and shoot down a drone carrying pounds of weed.”

“I don’t know, but I assume someone has thought about this,” he added.

Listen to KIRO Nights with Gee Scott and Aaron Mason weekdays from 7-10 p.m. on KIRO Radio, 97.3 FM. Subscribe to the podcast here.


SQUAD DRONE x GRN Holding Corporation is Featured on Aero-News Network

Squad Drone x GRN Holding Corporation has been featured this week by Aero-News Network. Check out the video below. (skip to ~4:00 mark for Squad Drone segment)

 


GRN Holding Corporation Signs Strategic Non-Binding Letter of Intent with SQUAD DRONE

The fleet of drones has been undergoing testing and customization for the industry over the last year and consists of six drones with a payload of up to 40 kilograms and delivery range of 10 km. The drones will be outfitted with a highly accurate advanced GPS navigation system and a digital signature interface. The drones will also be outfitted with the CannaTrac payment system for closed loop payments on delivery. The application will integrate with both producers/processors and retailers.

Once due diligence is completed and material definitive agreements are executed, this intended acquisition will reflect another material change to the Company's business plans and will result in a key technological acquisition.

Squad Drone is located in Bellevue, Washington and is a division of GRN Funds.

Justin Costello, CEO of GRN Holding Corporation, stated, "It has been hard for me to keep this project a secret, because it is so cool. This is the boldest move yet in the industry we have gotten involved with, and we anticipate that we will be working diligently with state regulators to make sure the technology meets the regulatory standards and requirements set forth in various states. We anticipate the entire industry will adopt this where applicable."

Logistics and security are a large cost to the industry. We expect to remove about 80% of costs, increase delivery timelines/safety, and develop a more eco-sensitive process for getting product from point A to point B. The drones are battery operated but have a hybrid system that acts to recharge and extend flight times if needed. All the flights will be monitored by a command center in Seattle and operated by a licensed pilot. We expect hiring about 20 employees in the various cities to hook the drones into charge ports, calibrate them, and ensure the safety totes and computer systems pass flight requirements.

Tom Gavin, CEO of CannaTrac, stated: "It's awesome that our company can be part of something so groundbreaking while helping to create cashless safety standards for the hemp and cannabis industry. This hits all the needed elements for a true market disruptor. In speaking with Justin, basically the cost to run and operate a drone is 1/10th of a van or sprinter, so this is not some move to change an industry on just policy or technology, this will change an industry based on safety and cost savings as well."

The letter of intent is not binding and is subject to the completion of due diligence, financial audits, and the execution of a material definitive agreement, which the Company expects to diligently complete and disclose in follow-up press releases and in its SEC filings.

About GRN Holding Corporation

GRN Holding Corporation (OTC:GRNF) is a Nevada-registered publicly traded company.

For more information, please contact:

Debbie Pace

IR@grnholding.com

Forward-looking Statements

This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.