PUEBLO, CO , Nov. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CannaGrow Holdings, Inc. (OTC PINK: CGRW), a Liaison and Consultant providing turnkey solutions to licensed growers -- CannaGrow Holdings, Inc. announces Licensed Grower, Category One Botanicals, LLC, has exceeded the Production Target of nine hundred pounds for the Fall Harvest at the Colorado Buffalo Ranch Grow Facility.
Delmar Janovec, CEO, stated, “Our licensed grower, Category One Botanicals, projected a fall harvest from the six Climate Controlled Ranger Greenhouses at nine hundred pounds. As of November 28, 2018, the entire fall harvest has been completed and all product has been dried, weighed, and is now ready for final processing/packaging. The Production Target was 900 lbs. and we are pleased to report the final numbers came in at 1056 pounds.
Janovec went on to say, “In addition to surpassing our targeted production estimate and due to a very calculated production planning, the grow team at Category One Botanicals is already in the process of replanting the Ranger Greenhouses with three and four-foot plants. These plants have already been taken through their vegetative cycle in the Nexus Light-Dep Greenhouse and will immediately begin to move into their flowering cycle. This method of production will be utilized throughout the winter months, ensuring continuous harvest cycles until the Spring Planting Season.”
Rod Clawson, Managing Director of Category One Botanicals, added, “The Colorado Buffalo Ranch Grow Facility is a State-of-the-Art Facility that has far exceeded my expectations. My team and I are excited to see what the full production capabilities of the Ranger Series 2000 Climate Controlled Greenhouses can bring to market during the Winter Months.”
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity of providing oversight as the Facilities 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 built to the specifications of CannaGrow COO, Dr. John P. Janovec, and Consultant, 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 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, 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.