Grow Condo’s Launching RV Campground/Resort Division
May 31 2016 - 6:00AM
InvestorsHub NewsWire
EAGLE POINT, OR -- May 31, 2016 -- InvestorsHub NewsWire -- Grow
Condos, Inc., a fully reporting publicly traded company under the
trading symbol (OTC
PINK: GRWC). Grow Condos, Inc. is a real estate purchaser,
developer & manager of specific use industrial properties
providing "condo" style turn-key grow facilities to support the
cannabis industry. The Company is pleased to announce that it is
launching a new division which will target the development of
cannabis friendly RV Campgrounds/Resorts specifically tailored for
owner/operators and cater to the recreational marijuana
marketplace.
“Recreational vehicle owners and campers want to be able to enjoy a
stress free experience and we feel that in the recreational
marijuana states a cannabis friendly resort will draw great
interest,” said CEO Wayne Zallen.
The company plans to build out a branded RV campground/resort named
“Smoke on the Water Resorts,” providing a turn-key solution for the
campground owner/operator. Grow Condos will participate in a
revenue share and or royalty/rental basis while maintaining the
ownership of the real estate thus taking advantage of any
appreciation.
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 to 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 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 is currently 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
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