Grow Condos, Inc. Fulfills Elevated Standards and Reporting Requirements Raising Tier on OTCMarkets.com
June 24 2016 - 6:00AM
InvestorsHub NewsWire
EAGLE
POINT, OR -- June 24, 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's
corporate designation has been updated on the OTC Markets
website, www.otcmarkets.com, to reflect its new tier level of OTCQB. The
elevation has already been granted and the
Company’s new distinction is already currently
reflected.
“In light of our
commitment to transparency, we believe that it is in the best
interest of our shareholders to move up to the more notable OTCQB,
where our Company will have greater visibility before a larger
group of investors. We are excited to be moving in this direction,
and believe that our shareholders will benefit greatly from these
results." said Joann Cleckner, CFO
OTCQB Key Highlights
- Companies are current in their reporting to a
U.S. regulator or are listed on a qualified international stock
exchange
Minimum bid price test of $0.01 removes
companies that are most likely to be the subject of dilutive stock
fraud schemes and promotion
Improved investor confidence through verified
information, confirming that the Company Profile displayed on
www.otcmarkets.com is current and complete
Annual management certification process to
verify officers, directors, controlling shareholders, and shares
outstanding
Greater information availability for investors
through the OTC Disclosure & News Service
Transparent prices for investors through
full-depth of book with Real Time Level 2 quotes
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 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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