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Monday, 03/13/2017 11:05:20 AM

Monday, March 13, 2017 11:05:20 AM

Post# of 90645

$GRWC Marketwired - Mar 13, 2017) - 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 Grow Condo's, Inc. (the "Company")'s wholly owned subsidiary, Smoke on the Water Inc, has successfully closed on one of the territory's privately owned nature rich vacation spots, Lake Selmac Resort & RV Park, situated in the picturesque heart of Southern Oregon. The transaction was completed in the form of cash, stock and debt.

"This is one of the most exciting ventures to date for our Company. We feel there is a tremendous opportunity to do a role up within the RV and Campground Industry and then rebrand using the Smoke on the Water Brand. The industry is largely dominated by a 'Mom and Pop' types of establishment, and perfect for a roll up acquisition strategy," stated Wayne Zallen, Chief Executive Officer.


In a recent survey done in Colorado, the following statistics were discovered: "Potential summertime visitors who were exposed to the state's tourism ads said the marijuana laws influenced vacation decisions almost 49 percent of the time," The Denver Post reports. While the state's tourism ad campaign does not mention marijuana, 22 percent of survey respondents said the drug was "extremely influential" in their decision to visit Colorado. In addition, 20 percent said it was "very much influential" and nearly 7 percent said it was "somewhat influential."

Grow Condos, Inc., Closes Acquisition Lake Selmac Resort & RV Park http://www.otcmarkets.com/stock/GRWC/news/Grow-Condos--Inc---Closes-Acquisition-Lake-Selmac-Resort--amp--RV-Park?id=153143&b=y



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