Grow Condos Commences Permitting Process for Build Out of Nuggetville Property
September 16 2016 - 6:00AM
InvestorsHub NewsWire
Company Proceeds with Engagement of Notable
Construction, and Architecture Contractors for
Development
EAGLE POINT, OR
-- September 16, 2016 -- 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 the Company has
definitively locked in the terms to move forward on the Nuggetville
Project. As per the secured agreement, the Company will be
obtaining engineering plans for submission to the City of Eugene
for the issuing of building permits. The Nuggetville property
consists of an ultimately thirty-three unit state-of-the-art
warehouse, designed to be 1,500 square feet each. Upon completion
the property will consist of an estimated 50,000 square feet,
becoming one of the territory’s leading customized cannabis
production facilities.
Spanning 2.65 acres in the Pioneer Business Park
in Eugene, Oregon, the cutting edge 33 individual warehouse units
are slated to be custom built by distinguished contractor, Nering
Construction, LLC of Eagle Point, Oregon. Nering is an approved
dealer of high quality steel buildings from General Steel of
Littleton, CO, from whom the Company will be purchasing the core
units.
“We are very pleased to be able to expand in this
advantageous segment of the industry. This new property will give
us a great opportunity to offer tailored space for production and
processing in a market ripe with growers aggressively seeking
suitable solutions.” stated Wayne Zallen, Chief Executive Officer,
Grow Condos, inc. He concluded: “We firmly believe that the greatest potential
for a high level of success is when timing and opportunity meet. At
this stage in the game in the cannabis industry, it’s evident that
the revenue potential here can be exponential.”
The Company recently announced that a leading
engineering and surveying firm had been retained; Geomax, Inc. of
Cottage Grove, Oregon, a team well equipped to handle the project,
and a familiarity with The City Of Eugene building code
requirements in order to enable maximum efficiency. The general
plans as well as the property can be viewed on the Grow Condos
website at the following link: www.growcondos.com/nuggetville
. All interested parties are happily encouraged
to be added to the waiting list.
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.
Safe : 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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