CENTENNIAL, CO / ACCESSWIRE / October 9, 2014 / BizAuctions, (OTC Pink: BZCN) (BZCN), The Company has executed a Facilities & Land lease with NuGro Industries for land and a Grow Facilities in Huerfano County, Co.
Delmar Janovec, BizAuctions' CEO, comments, "The Company executed a multi-year agreement for a Facilities / Land Lease Agreement with NuGro Industries, Inc., on October 8, 2014. The Lease is for a primary period of five (5) years with options for multiple year extensions. The Lease consists of twenty (20) acres of land with an option for additional acreage as needed, a State of the Art 7,500 sq. ft. Greenhouse and Operations/Head-House facility, and six (6) 1,800 sq. ft. outdoor Hoop Houses to accommodate 10,800 sq. ft. of summer grows. The Lease calls for NuGro Industries to provide all of the development costs for the site plans, site work, utilities, and structures."
Mr. Janovec goes on to say, "We are extremely excited to have signed this Lease Agreement with NuGro Industries. The Agreement that is in place will allow the Company to become fully involved in the Recreational/Medical Cannabis Industry that is getting underway in Colorado. Permits, contracts, and additional agreements are already in process and we fully expect to be operational in the spring of 2015."
About BizAuctions - CannaGrow Holdings:
The Company is in the process of redefining its business model and is exploring prospective business opportunities in the medical and recreational Cannabis industry in the State of Colorado which have the potential of maximizing our efforts to deliver the highest return to our shareholders.
The Company 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.
The Company 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.
SOURCE: BizAuctions, Inc.