CannaGrow Holdings Inc (CGRW)

[southern belle]

huge news out today, watch the JV!

CannaGrow Holdings Announces a New Build to Suit Sub-Lease With Tenant at Colorado Buffalo Ranch

GREENWOOD VILLAGE, CO--(Marketwired - Apr 20, 2017) - CannaGrow Holdings, Inc. ( OTC PINK : CGRW ) - As a Liaison and Consultant providing turnkey solutions to licensed growers, CannaGrow Holdings, Inc. announces the execution of a Build to Suit Sub-Lease for an Extraction/Processing Facility with SGD Holdings, Ltd. ( OTC PINK : SGDH ) on a three (3) acre lot at their Colorado Buffalo Ranch Filing No. 5-Lot 61 Lease.

Delmar Janovec, CEO, stated, "With the market for Oils, Edibles, and Infused Products beginning to be in such high demand, a processing facility is a perfect fit at the Colorado Buffalo Ranch Facility. With the completion of the CannaGrow Phase I & II there will be over 20,000 sq. ft. of grow space being utilized by our current tenant and Licensed Grower, Category One Botanicals, LLC. The full production of this space by Category One Botanicals and the CannaGrow Staffing Team will provide ample product to supply the needs of a new Processing Facility while still maintaining the highly lucrative Premium Grade A Bud market."

Janovec went on to say, "Huerfano County is currently working to finalize their protocol and regulations for the licensing of Processing Facilities. CannaGrow Holdings will once again act as the liaison for the property owner, NuGro Industries, to compile and submit an amended Conditional Use Permit, (CUP). The five year sub-lease and multiple year lease options with SGD Holdings will be contingent upon the approval and issuance of a Conditional Use Permit to allow for the construction of a new State of the Art Processing Facility."

http://finance.yahoo.com/news/cannagrow-holdings-announces-build-suit-103000628.html