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CannaGrow Holdings Announces Initial Approval for Land Use Application

CENTENNIAL, CO / ACCESSWIRE / January 8, 2015 / CannaGrow Holdings, Inc., (OTC Pink: CGRW) (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, "The Huerfano County Planning Commission approved the NuGro Industries Land Use Application (LUA) at their Planning meeting on Wednesday, January 7, 2015. The Planning Commission will recommend to the County Commissioners the NuGro LUA be approved after several additional contingent requirements are met."

Janovec went on to say, "NuGro met the previously requested contingent requirements to the satisfaction of the Planning Commission and the additional requests should not present a problem or cause any changes in our construction plans. The entire package will be presented before the County Commissioners for their final review and approval at a meeting tentatively scheduled for February 4, 2015. Based upon a final approval of the Land Use Application by the County Commissioners at the meeting, Phase One of the project is scheduled to begin in late February, 2015.

Phase One consists of finished grading for the ingress & egress roadways, a 3200 sq. ft. head-works building, six 2300 sq. ft. hoop-houses, and areas for water storage tanks. The installation of a sewer system, (septic tank with lateral fields), water lines, electrical drop by San Isabel Electric Company, parameter lighting, and security fencing will also be completed in Phase One.

CannaGrow Holdings, Inc. will continue in its capacity as the Liaison and Representative for NuGro Industries working with Building Contractors, Utility Providers, and the various State/County Agencies to see the Multi-Phase project through to completion. The completion of this Project will allow CannaGrow to begin generating revenues from the licensed Growers that will be leasing the Turnkey Growing facilities that is being built to our specifications."

The actual site plan, grading plan, and phasing plan that was submitted by NuGro Industries, the landowner and developer, 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.

Forward-Looking Statements

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.

CONTACT:

CannaGrow Holdings, Inc.
Delmar Janovec
Investor Relations
info@cannagrowholdings.com
http://cannagrowholdings.com/


SOURCE: CannaGrow Holdings, Inc.