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CannaGrow Holdings Announces Issuance of Temporary Certificate of Occupancy for New Processing Building at the Colorado Buffalo Ranch Facility

PUEBLO, CO, March 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CannaGrow HoldingsInc. (OTC PINK: CGRW), A Liaison and Consultant providing turnkey solutions to licensed growers -- CannaGrow Holdings, Inc. announces the Huerfano County Building Department has issued a Temporary Certificate of Occupancy, as of March 6, 2019, based upon the completion of construction of the 1,600 sq. ft. steel building to be used exclusively for the Drying, Curing, and Packaging of the Cannabis being harvested at the Colorado Buffalo Ranch Facility. 

Delmar Janovec, CEO, stated, “Like everything else that has been built at the Colorado Buffalo Ranch Facility, the new building is State of the Art. The facility is 100% Climate Controlled, designed and built exclusively for Drying, Curing, and Packaging. The different computerized systems will work concurrently to eliminate humidity fluctuations caused by the extreme variance of temperature ranges within each 24-hour period in Southern Colorado. A special heavy-duty foam insulation was used throughout the entire building to stabilize indoor temperatures within a few degrees. Humidifier and Dehumidifier Systems were installed along with cutting edge Sensory Technology. 

Janovec went on to say, "Our objective was to create an ideal hermetic and sanitary environment to eliminate any potential mold, mildew, or fungus threats that can occur during the Drying, Curing, and Packaging Process, and that is exactly what has been accomplished. This 1600 sq. ft. facility will adequately handle the winter production cycles currently taking place in the six (6) 2,880 sq. ft. Climate Controlled IGC Ranger Series 2000 Greenhouses in addition to the Summer/Fall harvest that have already proven to be in excess of one thousand (1,000) pounds of product. With this building project checked off of the list we can start to look toward the future expansion into Phases III, IV, and V of our Master Plan."

Rod Clawson, “Managing Director of Category One Botanicals, the Licensed Grower at the Colorado Buffalo Ranch Facility added, I am continually amazed at how far C1B has come since receiving the Colorado State Recreational Growers License back in April of 2016. With a committed developer like NuGro Industries and a Property Manager like CannaGrow Holdings, I can see Category One Botanicals taking a lead role in the Cannabis Industry in the State of Colorado.”

CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity of providing oversight as the Property Manager, working with the State/County Agencies and Category One Botanicals, LLC, the Licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from Licensed Growers subleasing the Turnkey facilities being built to the specifications of Consultants, Dr. John P. Janovec, and Jason Wells.

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. does not and will not, until Federal law allows, grow, harvest, distribute, or sell marijuana or any substance that violates 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, 2017, and the quarterly statements filed in calendar year 2018, at: www.otcmarkets.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.
Delmar Janovec
Investor Relations