CENTENNIAL, CO, United States, via ETELIGIS INC., 01/13/2015 – – CannaGrow Holdings, Inc., (OTC Pink: CGRW) (PINKSHEETS: CGRW), — A Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado project.
Mr. Janovec, CannaGrow Holdings, CEO, remarks, “NuGro Industries, the Landowner and developer for the Colorado Buffalo Ranch Project in Huerfano County, executed the Purchase Order from Olympia Steel Buildings for the Head-House facility. With last week’s initial approval of the Land Use Application from the Huerfano County Planning Commission, NuGro Industries felt confident that final approval will be granted and it was time to initiate the 25% non-refundable deposit to get the building scheduled for delivery.
Janovec went on to say, The Head-House building is approximately 3,200 sq. ft. in size and will function as the primary production facility where the majority of the daily administrative and operational tasks are completed each day. The Head-House is being built to the exact specifications of Dr. John P. Janovec and Jason Wells, Consultants, and will consist of the following areas; a Main office area, Offices for Management & Staff, Laboratory area, Propagation and Mother Plant rooms, a Drying room, Receiving-Storage areas, and Warehouse-Working areas. The Head-House will also serve as a main access-way or corridor to the Greenhouses and Hoop-houses when the facilities are completed in Phase I & Phase II of the development.
CannaGrow Holdings will continue in its capacity as the Liaison and Representative for NuGro Industries working with various contractors to see the Multi-Phase project through to finished facilities. The completion of this Project will allow CannaGrow to begin generating revenues from the licensed Growers that will be sub-leasing the Turnkey Growing facilities that is being built to our specifications.”
The actual site, grading, and phasing plans, can be viewed on our website at: http://cannagrowholdings.com.
About CannaGrow Holdings, Inc.:
CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders
CannaGrow Holdings, Inc. is currently working with a website designer to update its website to reflect the new business model that will be forthcoming in the very near future.
CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violate the laws of the United States of America.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2013, and the quarterly statements filed in calendar year 2014, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company’s uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company’s actual results could differ materially from those discussed herein.
CannaGrow Holdings, Inc.
SOURCE: CannaGrow Holdings, Inc.