CENTENNIAL, CO--(Marketwired - Jul 28, 2016) - CannaGrow Holdings, Inc. (
Dr. John P. Janovec, Ph.D., states, "My educational background and experience with research protocol will certainly come in handy as I start to navigate the state Metric™ System required for tracking plant and product inventory. With all of the State requirements and regulations, Marijuana production and marketing will be the easy part. So as we move into full-scale production I am pleased by the team of employees I have assembled. All of the handpicked applicants were able to apply for and receive their Support Employee Badges from the State without any problems."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, adds, "In addition to Dr. Janovec's 'Master Grower' badge, the paperwork was finalized on Wednesday, July 27, 2016 for him to move into the Administrator position at the Buffalo Ranch Project I Facility. Now aside from his day to day tasks of managing the genetics of the Mother Plant Room he will now be able to work with the compliance software to ensure that production at the facility adheres to state regulations. I am entirely confident in the Staffing Program that CannaGrow has provided for the facility. Their offering of a complete Turnkey Facility is unparallel in the industry and the knowledge and experience of their Staffing Personnel takes the guess work out of the process."
Delmar Janovec, C.E.O., stated, "With the facility now officially occupied and operations underway, the CannaGrow Staffing Program will begin to assist in fulfilling the employee, management, and other consulting needs of Category One Botanicals. The company will start to realize revenues from the Sub-Lease and the Staffing Program. CannaGrow successfully managed the entire process from the initial submission of the Land Use Application through the complete construction management and now on to the actual operations of the facility. This is a Turnkey solution that we plan to duplicate on the entire 20 acre lease."
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 being built to the specifications of CannaGrow's C.O.O., Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
The 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. 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, 2015, and the quarterly statements filed in calendar year 2016, 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.
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