Grow Condo’s Announces Eugene’s Pioneer Park Development Now Called Nuggetville and Files Development Plans with the City
May 05 2016 - 6:00AM
InvestorsHub NewsWire
EAGLE
POINT, OR -- May 5, 2016 -- InvestorsHub NewsWire -- Grow
Condos, Inc., a fully reporting publicly traded company under the
trading symbol (OTC
PINK: GRWC), a real estate purchaser, developer & manager
of specific use industrial properties providing "condo" style
turn-key grow facilities to support the cannabis industry, is
pleased to announce that its 2nd development project based in
Eugene, Oregon hereinafter will be named Nuggetville and that it
has filed development plans with the city of
Eugene.
The
general plans and the property can be viewed on the company website
at the following link:
http://growcondos.com/locations
The plans call for Nuggetville to be on 2.65 acres in Pioneer
Business Park, Eugene, Oregon and for building 33- 1500 square foot
units or approximately 50,000 square feet of warehouse
condominiums.
With Oregon’s recent approval of it first recreational marijuana
licenses management feels that this project will be very well
received and is a good opportunity for us.
“We are off to a quick start in getting Nuggetville up and running.
We are receiving indications of interest for this development and
confident they could sell out quickly” said Wayne Zallen CEO Grow
Condo’s Inc.
About Grow Condos, Inc. Grow Condos is a fully reporting publicly
traded company listed under the symbol
GRWC: Pink Sheets. It is a real estate purchaser, developer
& manager of specific use industrial properties providing
"condo" style turn-key grow facilities to support the cannabis
industry. We own, lease, sell and manage multi-tenant
properties.
Like during the Gold Rush days in California, Grow Condos is
focused on a pick-and-shovel approach to participating in the
exploding marijuana industry. We finance the purchase and/or
development of properties by offering investors private placement
sponsorships, debt instruments, or limited partnerships. We believe
there is a significant investor demand for such opportunities.
Currently we own and manage a 15,000 square foot warehouse in Eagle
Point, Oregon, own and are developing a property in Eugene, Oregon
and are currently looking into other acquisitions in Oregon,
Colorado, Washington, California and Nevada with like-minded
investors who want to share in the growth of this dynamic new
industry.
Additionally the company currently has an additional line of
products and services to offer our partners, customers and
tenants.
Safe Harbor: This release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements
appear in a number of places in this release and include all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of Grow Condos Inc, its
directors or its officers with respect to, among other things: (i)
financing plans; (ii) trends affecting its financial condition or
results of operations; (iii) growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"can," "believe," "potential" and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond Grow Condos Inc.
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Grow Condos, Inc. filings with the OTC Markets,
Securities and Exchange Commission and/or the company's
website.
CONTACT:
Grow Condos, Inc.
Corporate: www.growcondos.com
Facebook: https://www.facebook.com/GrowCondosInc
Twitter: https://twitter.com/GrowCondosInc
Investor Relations: ir@growcondos.com
Source: Grow Condos, Inc.
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