Saturday, December 26, 2015 11:31:46 AM
"We believe that positioning the Company to be a part of this opportunity, both as a legal lessor now, as well as being in position to complete a future roll up upon national legalization, is a prudent business move to maximize shareholder opportunity." -- CEO Bill Wright
Reference: August 12, 2015 News Release
Excerpts from Quarterly Report for Period Ending September 30, 2015
On May 14, 2015, the Company executed a commercial lease with Wildfire Cannabis Company, LLC whereby the
Company would lease to Wildfire one of their warehouse spaces under a turnkey lease to include:
• 21,400 sq. ft. (building)
• +8,000 sq. ft. (fenced secure area)
• +13,200 sq. ft. (44 parking slots), plus an option for up to 7,000 additional building square footage.
Lease rates are $24.00 per rentable square foot, with annual CPI adjustments, plus $21.03 per rentable square foot in Tenant Improvements, plus $1.50 per square foot fenced secure outdoor entry, plus $0.24 per square foot parking.
Reference: http://www.otcmarkets.com/financialReportViewer?symbol=CGRA&id=147493
Cannabis Businesses Linked to the Chewelah Address (2432 North Highway 395)
1. Wildfire Cannabis Company, LLC
2. Wonder West Group
3. Randolph and Mortimer
Companies affiliated with this address are Tier 3 Producer License applicants (description below):
"To produce marijuana for sale at wholesale to marijuana processor licensees and to other marijuana producer licensees. Tier 3 allows for between ten thousand square feet and thirty thousand square feet of dedicated plant canopy. Any entity and/or principals within an entity are limited to no more than three marijuana producer licenses."
Note: The Company owns 47 acres of industrial property in Chewelah, Washington.
Marijuana License Applicants (Excel file updated weekly that contains both applicants and issued licenses)
http://www.liq.wa.gov/publications/Public_Records/2015-MJ%20Applicants/MarijuanaApplicants12222015.xls
(Filter by City of Chewelah.)
"When active licenses come up for renewal their status is changed from "Active" to "Pending (Issued)." Please include "Pending (Issued)" when filtering to see all currently active licenses."
WALCB Links
Washington State Liquor and Cannabis Board
http://www.liq.wa.gov
Producer License Description and Fees
http://www.liq.wa.gov/mjlicense/producer_license_discriptions_fees
Marijuana Dashboard (Maps and Metrics)
http://lcb.wa.gov/marijuana/dashboard
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