DENVER, CO -- January 31, 2017 -- 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 acquired West Coast Organic and
Hydroponic Supply (WCO) in Boring, Oregon.
West-Coast Organic & Hydroponic has achieved over $2 Million in
revenues for 2016 and is profitable. Consistent with our Grow
Solutions model we project to more than double these revenues to
well over $4 Million in 2017.
Jeff Beverly, the Company's President said, "This is the first of
many acquisitions planned for 2017. West-Coast Organic and
Hydroponic is located in an important strategic location
for our company. Oregon is a thriving market for the legal
cannabis industry and WCO is located in the heart of the growing
community with over 50 licensed cannabis growers within a ten mile
radius of the store. Oregon has over a 1000 licensed
recreational cannabis producers and over 100,000 medical
cannabis growers in the state.
In 2016 the recreational licensed growers exceeded $160 million
for the first 9 months of the year. We aim to do very well
with this new acquisition as we will be able to offer our
customers, the organic farmers and licensed cannabis growers, over
5000 specialized products all geared to their business
needs. In keeping with our aggressive expansion plans, we are
completing our due diligence on additional acquisition targets
nationwide and will announce those as developments occur."
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).
Grow Solutions Facebook Page: https://www.facebook.com/GrowSolGRSO
Grow Solutions Twitter Feed: https://twitter.com/GrowSolGRSO
Grow Solutions Stock Twits page: https://stocktwits.com/growinc
Jeff Beverly's Public Facebook Page: https://www.facebook.com/jeffwbeverly
Jeff Beverly's Public Twitter Feed: https://twitter.com/CannaExec
http://www.growsolutionsinc.com
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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