Barely in the beginning stages? The hardest and most difficult part of this build out is done. Those who understand the process know the trials and tribulations that were encountered getting the property permitted for cultivation in a county that had never processed a conditional use permit for a recreational facility.
They know what a hurdle it was to clear to be approved by the Colorado division of water resources and be included in the SSWSP
they get it that 2.4 miles of roadway leading to the property had to be upgraded and resurfaced
they also realize that the property owner went the distance for them to secure the commercial rating on the water well that was drilled to a depth of 1950ft and is pumping 12 gallons per minute. It is also THE ONLY commercial water well deemed commercial and approved for commercial marijuana cultivation in Huerfano County
And as far as the building and construction being expensive, you are correct. The Nexus greenhouse system cost well in excess of $100,000. The 6ft security fence was probably another $50,000 and the head house scheduled to begin construction next week adds another $50,000. You see, they are building a state of the art grow facility and will soon be occupying one of colorado's premier industry leading facilities. VERY EXPENSIVE AND STATE OF THE ART. All part of the BUILD TO SUIT lease agreement that CGRW entered into with the property owner that will give them control of the property and the revenues derived from the property for the next 15 years. The buildout is not costing shareholders a dime
now take all of that and insert a word class botanist in the COO, Dr. John P. Janovec PhD and you have a realistic expectation of a stock rally
