DENVER, CO -- November 29, 2016 -- InvestorsHub NewsWire -- Grow
Solutions Holdings, Inc. (OTCQB:
GRSO) (the Company or Grow Solutions) a company involved in the
development and distribution of high demand products for
cultivation, processing and consumption of legal cannabis,
announced today it has filed its Quarterly Report (10-Q) for
the period ended September 30, 2016, in which the company
reports a revenue increase from approximately $900,000 from the
same quarter last year to approximately $1,700,000 representing
approximately an 89% gain year over year
- http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11700472
"As a company we are very proud of our accomplishments in such a
short period of time," stated President Jeff Beverly. "And I want
to add another highlight from our recent quarterly report and that
is that our only convertible debt is from friendly sources (friends
and family), and can convert no earlier than June 30, 2018, at a
minimum of $0.80 per share.
"Also, our attendance at the Marijuana Conference and Expo in
Las Vegas was a stunning success," continued President Jeff
Beverly. "We came away with double digit leads representing
multi million dollar deals. We have initiated talks with several of
the potential candidates.
As I have stated before, the greenhouse market is valued in the
multi-billions of dollars, and the cannabis market is the fastest
growing segment in that sector. Currently, we expect to close
any day now on the first of two different proposals which we expect
to help us exceed our projection of $10 million in revenue from our
greenhouse division alone in the coming quarters of 2017."
Five Seasons Greenhouse is a wholly owned subsidiary of Grow
Solutions Holdings Inc. Five Seasons has already submitted two
greenhouse proposals prior to its official launch - the first
proposal is in excess of $750,000, and the second proposal is in
excess of $2,000,000.
Grow Solutions concentrates on three of the fastest-growing
segments of the industry:
(1) GrowTech (products needed to grow cannabis
in and outside);
(2) ConsumerTech (products to process, store
and consume cannabis);
(3) DigiTech (online properties, including a
state of the art employment platform).
About Grow Solutions Holdings, Inc.
Grow Solutions Holdings, Inc. is a holding company that is
publicly traded on the OTCQB market, under the symbol "GRSO".
The Company is focused on the development/distribution of
high-demand products and services for cultivation, processing and
consumption of cannabis.
Safe Harbor for Forward-looking
Statements
This news release may contain forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACT:
Grow Solutions Holdings, Inc.
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Jeff Beverly, President
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(917) 780-2381
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