$BLDV NEWS >>>> Blue Diamond Ventures, Inc. details Innovative Growth Group LLC Cannabis Real Estate Fund
September 22, 2017 - DENVER, COLORADO - Blue Diamond Ventures Inc. (OTC PK: BLDV)
BLDV Fund will build up to 12 facilities in the USA and Canada.
The Innovative Growth Group LLC (previously Michigan Growth Fund)
recently announced its first project in Canada with Quality Green
Inc., this is the first in a series of projects that will utilize the
same build-to-lease model and private placement documents.
The BLDV Innovative Growth Group is slated to construct up to 12 Cannabis Cultivation facilities in the
next two years, and is actively engaged in securing additional sites. Blue Diamond will use RealNex®
sophisticated fund management software to insure compliance, and each
project will have its own fund manager to ensure accountability to BLDV. The
company is currently interviewing fund managers for the Canadian project
above, and will start to accept funds for investment following that
appointment.
The cannabis cultivation facilities will be on triple net leases, to licensed cannabis tenants. Each facility
will be setup as its own Special Purpose Entity (SPE); Blue Diamond Ventures will own the facilities and
provide oversight / management for the properties. Members of the SPE’s will receive yearly dividends,
based on a percentage of the total lease revenue. Most of the leases call for the buildings to be sold to
the operator within the first 5 years, with distribution of profits to the members and investors.
In the Michigan Market, Blue Diamond already has specific locations and tenants lined up to lease space.
The company has been actively engaged in negotiations with municipalities, operators, and stakeholders
in Southwest Michigan for over a year and is now waiting for the State to finish the final regulations that
will allow the company to close on multiple projects.
Each facility will generate income based on size, space and local conditions. A single project is expected
to generate between $200K and $500K in its first year of operation, and total revenue from the fund
over 5-years is estimated to be approximately 15.5 Million USD.
The cultivation facility is shown here for illustration purposes only.
About BLDV:
Blue Diamond Ventures, Inc. is a diversified customer centric Management / Holding Company; Blue
Diamond Ventures, Inc. seeks opportunities in various markets and is driven by critical thinking, the
scientific method and compassionate ways to deliver sustainable results.
Safe Harbor:
This press release contains forward-looking statements. Such forward-looking statements are subject to
several risks, assumptions, and uncertainties that could cause the Company's actual results to differ
materially from those projected in such statements. Forward-looking statements speak only as of the
date made and are not guarantees of future performance. We undertake no obligation to publicly revise
any forward-looking statements.
