~ EAGLE POINT, OR--(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.
Located just 20 miles south of Grants Pass, Oregon and 2.5 miles east of the Redwood Highway (Hwy. 199) in Selma, Oregon, Lake Selmac Resort currently facilitates fishing, swimming, boating, and in addition to RV parking, has tent camping and cabin locations established for accommodation. To view more regarding the property, visit: http://www.lakeselmac.com http://www.otcmarkets.com/stock/GRWC/news/Grow-Condos--Inc---Closes-Acquisition-Lake-Selmac-Resort--amp--RV-Park?id=153143&b=y