Grow Condos
Officially Secures First Smoke on the Water Cannabis Friendly
Campground
EAGLE POINT, OR -- March 13, 2017 --
InvestorsHub NewsWire -- Grow Condos, Inc. (OTCQB:
GRWC),
a fully reporting publicly traded company specialized in cannabis
industry related “Condo” style real estate and turn-key grow
facilities, is pleased to announce that Grow Condo’s, Inc. (the
“Company”)’s wholly owned subsidiary, Smoke on the Water Inc, has
successfully closed on one of the territory’s privately owned
nature rich vacation spots, Lake Selmac Resort & RV Park,
situated in the picturesque heart of Southern Oregon. The
transaction was completed in the form of cash, stock and
debt.
“This is
one of the most exciting ventures to date for our Company. We feel
there is a tremendous opportunity to do a role up within the RV and
Campground Industry and then rebrand using the Smoke on the Water
Brand. The industry is largely dominated by a ‘Mom and Pop ‘ types
of establishment, and perfect for a roll up acquisition
strategy stated Wayne Zallen, Chief Executive Officer.
Located
just 20 miles south of Grants Pass, Oregon and 2.5 miles east of
the Redwood Highway (Hwy. 199) in Selma, Oregon, Lake Selmac Resort
currently facilitates fishing, swimming, boating, and in addition
to RV parking, has tent camping and cabin locations established for
accommodation. To view more regarding the property, visit: http://www.lakeselmac.com
Because
it’s not yet permissible to recreationally smoke in National and
State Parks, it has been discovered that relaxed marijuana laws are
indeed a powerful motivator for tourists, which creates a very
lucrative niche opportunity for smaller, privately owned properties
that can offer the freedom of experiencing Oregon’s strikingly
beautiful landscape while also allowing its visitors to enjoy
Oregon’s 420 friendly privileges.
According
to the Travel Oregon Strategic Plan for 2015-17, it states: “More
people than ever are choosing to come to Oregon, and they are
traveling farther than ever to get here. They are coming to enjoy
the things we love: natural beauty, wilderness, adventure, amazing
fresh food, wine, craft beer, world-class sports, and a vibrant
arts and culture community. The result of all these visitors is a
long list of powerful statistics and measures that show the
profound economic power of tourism in Oregon.”
In a
recent survey done in Colorado, the following statistics were
discovered: “Potential summertime visitors who were exposed to the
state’s tourism ads said the marijuana laws influenced vacation
decisions almost 49 percent of the time”, The Denver Post reports.
While the state’s tourism ad campaign does not mention marijuana,
22 percent of survey respondents said the drug was “extremely
influential” in their decision to visit Colorado. In addition, 20
percent said it was “very much influential” and nearly 7 percent
said it was “somewhat influential.”
About Lake Selmac Resort:
Lake
Selmac Resort
2700 Lake
Shore Drive
Selma,
Oregon, 97538
http://www.lakeselmac.com
Tel
(541)597-2277
About Smoke on the Water Inc:
Smoke on the Water,
Inc. is Grow
Condo’s wholly owned subsidiary, designed to capitalize on the
country’s growing level of recreational marijuana acceptance.
The company plans to engage in a roll-up strategy for this
highly-fragmented industry and provide turn-key solutions for
Marijuana-friendly campgrounds and resorts. The company has
strategized to initially develop the property through acquisition,
subsequently rebranding the existing RV business to represent the
Smoke on The Water brand. Upon project launch, the Company plans to
provide fully functional vacationing solutions to campground
operators and owners seeking to fill the growing demand for stress
free and acceptable vacationing for the pro-personal choice and
marijuana smoking community. For more information, visit:
www.smokeonthewater.club
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 and
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.
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: info@growcondos.com
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