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CGrowth Capital is Wild for Wildfire's Cannabis License

Accesswire
4 minutes ago
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SILVERDALE, WA / ACCESSWIRE / May 18, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that Wildfire Cannabis Company ("Wildfire"), the Company's Tier 3 cannabis producing tenant, has successfully passed their Final Inspection with the Washington State Liquor Cannabis Board ("LCB"). With this milestone, Wildfire will now move to finalize Phase I of the development and begin plant production in the days to come. The status change means revenues are imminent for the Company, who will concurrently begin Phase II of the buildout and production with Wildfire to include additional outdoor grow operations.

Robert Foster, Manager/Owner of Wildfire Cannabis Company stated, "We are very appreciative of CGrowth Capital's patience through this tedious process of requirements set forth by Washington State to grow cannabis legally. For CGrowth to have the open minded business savviness of purchasing an old industrial facility and then looking to the future and bringing it new life in such a lucrative way is to be commended. We could not have gotten to this point without them and the future potential for all of us is now unlimited."

The Company previously announced approvals by Stevens County and the state of Washington for the legalized production and processing of cannabis at the Company's Chewelah facility. Based on the current infrastructures and approvals, the Company is working on the initial 90,000 square feet of canopy space and is working towards doubling its capacity during the year for a total of six (6) licensed tenants (there are currently three (3) tenants under contact). Under the Company's turnkey lease terms, the rental potential is in excess of $2,000,000 annually.

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
http://www.CGrowthCapitalBond.com

Investor Inquiries:

CGrowth Capital, Inc.
360-536-4500