PRESS RELEASE

The partnership has positioned Pipp Horticulture to be the industry leader in vertical farming solutions

Walker, Michigan – May 21, 2018 – Pipp Horticulture (a division of Pipp Mobile Storage Systems, Inc.), a leading provider of space-saving, multi-level mobile cultivation systems, announced today that it has acquired Greenhaus Industries Inc. (“Greenhaus”), an innovator and manufacturer of multi-level cultivation and drying systems designed for the vertical farming industry. The principals of Greenhaus, who will remain with the organization, have combined over 25 years of experience in indoor cultivation design, operations and product development. Pipp Horticulture and Greenhaus have been strategic partners since 2017 and have already completed numerous projects together across the United States and Canada.

“This union will allow us to combine Pipp’s engineering, manufacturing, and installation expertise with Greenhaus’ extensive vertical cultivation and horticulture knowledge, to rapidly expand in North America and abroad,” said Craig Umans, CEO of Pipp Mobile Storage Systems Inc. “Combined, we are poised to become a leader in this emerging industry.”

Vertical farming is projected to be over a $6 billion industry by 2023. Recognizing the potential in this market, Pipp Horticulture has developed a movable, multi-layer growing system, allowing indoor agriculture operations to stack grow trays to maximize its cubic and square footprint and increase yields.

“Vertical farming is the future. One indoor acre equals four to six outdoor acres while having a higher and more consistent yield, protection from adverse weather and increased bio-security,” said Michael Williamson, Founding Partner of Greenhaus Industries. “With Pipp Horticulture, we are thrilled to help create more efficient and sustainable facilities for food and cannabis crops.

“We are excited that this acquisition will bring us one step closer to becoming a one-stop-shop for our customers, providing turnkey solutions for their cultivation needs.” said Craig Umans, CEO of Pipp Mobile Storage Systems Inc.

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About Pipp Mobile Storage Systems Inc.
Founded in 1981, Pipp Mobile Storage Systems, Inc. is the leading manufacturer of mobile shelving and storage systems for various markets such as retail, industrial, healthcare, automotive amongst many others. Pipp specializes in designing custom space-saving systems that are responsive to their customer’s specific storage needs, including many Fortune 500 companies worldwide. Pipp’s product line extends to also include material handling solutions such as carts, transporters, and wire shelving. For more information visit www.pipphorticulture.com orwww.pippmobile.com.

About Greenhaus Industries Inc.
Founded in 2013, Greenhaus Industries designs and manufactures multi-layer cultivation and drying systems. Greenhaus systems allow cultivators to maximize small and large spaces for vertical cultivation and drying facilities which can dramatically increase production and profits. For more information, visit www.greenhausinc.com

Source: Pipp Horticulture/Greenhaus Industries

For further inquiries, please contact:

Craig Umans, President & CEO

Pipp Mobile Storage Systems, Inc.

800-234-7477

[email protected]