CGrowth Capital Announces Two Additional Tier 3 Cannabis Tenants at Washington State Facility
April 07 2016 - 10:00AM
Access Wire
SILVERDALE, WA / ACCESSWIRE / April 7, 2016 /
CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased
to announce that its wholly owned subsidiary, Chewelah Properties,
LLC, has executed a 5-year lease to provide an approved F-1
manufacturing facility for legalized cannabis production and
processing to two (2) additional I-502 Tier 3 cannabis
producer/processors at its Washington state facility. The tenants,
"Randolph and Mortimer" and "Wonder West Group," join the
previously announced Wildfire Cannabis Company at the site to bring
the total lessees to three.
"The past few months our Company has been growing faster than
the weed our tenants will be producing," stated Bill Wright, CEO of
CGrowth Capital, Inc. "We are ecstatic about the progress being
made so early in the year and are looking forward to exciting
updates in the weeks to come."
Mr. Wright continued, "We are in the envious position that we
are able to fund our initiatives without having to dilute the
Company any further. From this point forward, each step taken will
be with the goal of strengthening the overall Company and
positioning it for a higher exchange."
Earlier in the week Chewelah Properties, LLC received its
Determination of Non-Significance ("DNS") regarding its SEPA
submittal from Stevens County Land Services division to allow its
Eastern Washington industrial facility to transition from a mineral
processing site to and F-1 manufacturing facility that can produce
and process cannabis.
A licensed Tier 3 marijuana producer is currently qualified to
manage between 10,000 square feet to 30,000 square feet of
marijuana grow canopy, as well as additional processing within
Washington State (the largest available license). The combined
tenant production that the Company now supports is as much as
90,000 square feet of marijuana grow canopy at full capacity.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as a
holding company for businesses and assets focused on all aspects of
mining, minerals, exploration, and commercial real estate. The
processing of metal ore mining, mineral and specialty rock
extraction, as well as oil and gas production, are multi-billion
dollar market opportunities which is capitalized on through
processing, sales, contracting and licensing of assets. CGrowth
Capital's services and solutions are designed to assist land owners
with monetizing undervalued assets by bringing commodities such as
gold, silver, oil and gas, and other commodities to market. CGrowth
Capital will focus on acquiring or land assets, while also
providing partners and affiliates with management services,
capital, contract management and logistical services necessary for
the successful execution of operations.
For more information about CGrowth Capital, visit their website:
http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby. The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management as well as assumptions made by and information currently
available to the Company or its management. When used in this
document, the words "anticipate," "estimate," "expect," "intend,"
"plans," "projects," and similar expressions, as they relate to the
Company or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and
uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties. The
Company disclaims any obligation to update or revise any
forward-looking statements.
SOURCE: CGrowth Capital, Inc.
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