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SGDH .16 area...NEWS: SGD Holdings Ltd. Enters into Lease Agreement for Immediate Development of Extraction Lab and Retail Dispensary

Jun 14, 2018 06:30:00 (ET)

SGD Holdings Ltd. Enters into Lease Agreement for Immediate Development of Extraction Lab and Retail Dispensary

PUEBLO, CO , June 14, 2018 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (OTC PINK: SGDH) a Lessor and Consultant in the Cannabis Industry in the State of Colorado has entered into a lease agreement for an existing building that will house a retail dispensary and an extraction laboratory.

Delmar Janovec, CEO, states, "After extensive market research into the retail Cannabis space and its coinciding profit margins in Colorado, SGD Holdings made the decision to rescind the previously announced lease agreement at the Colorado Buffalo Ranch Filing No. 5, Lot 61. As an alternative, SGD Holdings will be taking possession of an existing building that will house the planned high-capacity extraction and infusion facility and a retail dispensary store-front. The retail dispensary will allow Category One Botanicals, the Licensed Grower at Colorado Buffalo Ranch, to intensify the branding of their superior organic whole flower products. The extraction and infusion lab will fulfill the dispensary's needs for concentrate, oil, and edible products, which will be packaged and branded under the Category One Botanicals Label."

Janovec went on to say, The decision to move into an existing building that requires only basic remodeling, in lieu of starting new construction, will substantially reduce the lead time to complete a functioning retail dispensary and extraction lab facility. The retail dispensary will significantly increase profit margins for both SGD Holdings and Category One Botanicals, LLC. As always, Shareholder value is of the utmost concern and the move into both the extraction and retail markets will enhance the value."