CENTENNIAL, CO--(Marketwired - Mar 31, 2016) - CannaGrow Holdings, Inc., (
Delmar Janovec, CEO of CannaGrow Holdings, confirmed that significant advances have been achieved in both the construction of the Colorado Buffalo Ranch Cannabis Cultivation Facilities and in the deployment of an "A-team" of globally recognized botanical-horticultural experts to lead in the management of operations and production in collaboration with a licensed grower.
Janovec stated, "I am pleased to announce the month of March has been extremely productive for the Company with the erection of major buildings, floors and interior construction is in progress. In addition, the site water system is under way and we are preparing for the installation and testing of the well pumping system during the first two weeks of April."
Janovec added, "With construction advancing toward an approximate completion time of 8-10 weeks, the Company has taken important steps to have on site and working together at Colorado Buffalo Ranch our two botanical-horticultural experts, Dr. John P. Janovec and Mr. Jason D. Wells. Dr. Janovec, COO of CannaGrow Holdings, has been working diligently on the project since his arrival in October 2015, and as of this week we are proud to announce that Mr. Wells, Horticultural Production Manager, is on site and working on essential pre-production tasks."
Janovec confirmed that Dr. Janovec and Mr. Wells have concluded an innovative plan for the initiation of Cannabis cultivation by a licensed grower at the Colorado Buffalo Ranch Facilities. The plan entails the adoption of a pesticide-chemical-free production system that utilizes natural soil-based growing media and integrated pest management combined with precise control of environmental variables, including light, humidity, and floor and room temperature.
"This week marks an exciting new phase in the Company's long-term vision toward the development of a premiere state-of-the art Cannabis grow facility in Huerfano County, Colorado," Dr. Janovec explained. "With all the important advances we have made this month on the construction of the facilities, I am excited by the arrival of Mr. Wells, my trusted colleague and long-term collaborator of 25 years, in all areas of Botany and Horticulture. With his presence at Colorado Buffalo Ranch, our focus will now turn to the many tasks required for production start up."
Dr. Janovec explained that the opportunity to work in collaboration with Mr. Wells through the current endeavors of the company marks a new era in their long-term working relationship. Their collaboration dates back to the early 1990s when they were both pursuing their B.S. degrees in Agriculture at Kansas State University, with a focus on the Horticultural Sciences. Upon completion of their undergraduate studies in 1995, Mr. Wells entered the ornamental horticultural industry, managing for a decade the massive annual propagation of millions of woody plants for wholesale distribution across North America. The two joined forces in 2005 in the Peruvian Amazon where they developed a large native plant nursery that was sourced by tens of thousands of seeds and cuttings coming from their ongoing botanical collection of rainforest plants. Now, after a solid decade of collaboration in botanical-horticultural research and development projects in the Amazon, Dr. Janovec and Mr. Wells are bringing home more than 50 years of collective experience in Botany and Horticulture.
"I consider it an honor and a privilege to have the opportunity to contribute to the vision of CannaGrow Holdings, Inc. within the legal Cannabis Industry in the State of Colorado. After nearly two years of facilities planning from afar, I am fortunate to be on site and working with my long-time friend and colleague, Dr. Janovec, and other members of the company's management team," commented Wells.
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in that capacity, working with the various Contractors and State/County Agencies to see the Multi-Phased project through to an operational status. The completion of this Project will provide CannaGrow the basis to begin generating revenues from the Licensed Grower sub-leasing the Turnkey Growing Facilities being built to the specifications of Dr. John P. Janovec, COO of CannaGrow, and horticultural consultant, Jason Wells.
CannaGrow has received numerous inquiries from perspective tenants and are also exploring additional business ventures within this industry that could further enhance shareholder value. The site plan, grading plan, and phasing plan that were submitted by NuGro Industries, the landowner and developer, can be viewed at the company 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, 2014, and the quarterly statements filed in calendar year 2015, 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.