GRSO $215 Million Deal Closes at End of 2nd Qtr...
This is huge news that was previously released by GRSO of which the company expects completion of their $215 Million project and revenue to begin end of second quarter 2020 and will spread over next 5 years. That's $43 Million per year. With a current Market Cap of just slightly over $2 million, that could justify a quick valuation of a price somewhere 21.5 times higher than its current .0025 per share range which would be in the area of .053+ per share range. It appears that the time is now: https://www.aerogrowmanufacturing.com/
SASKATOON, Saskatchewan, July 31, 2019 /PRNewswire/ -- Grow Solutions Holdings, Inc. (OTCPink: GRSO) announces that its subsidiary, AeroGrow Manufacturing Corp., has signed a "product lease and royalty" agreement with Sundance Prairie Products Ltd. The project will commence with manufacturing and building of 32 AeroPod Units. The company expects completion of the project and revenue to begin end of second quarter 2020.
Chad Fischl, CEO, Stated, "Today's announcement underscores our commitment to bring investor's value and another step in the implementation of our aggressive expansion plans worldwide. We project that this joint venture will generate gross revenues of $215 million over next 5 years.
I expect to provide detailed updates on a regular basis and plan to bring out further news in the near term on our final talks with the provincially approved Cannabis Dispensary company located in British Columbia."
Shaun Wyzykoski, President of Sundance Prairie Products, Stated, "This an exciting venture in the right industry with an excellent partner. This is just the beginning."
Read more about the Grow Solutions Holdings, Inc. and its wholly-owned subsidiary Pure Roots Holding, Ltd., on our official website, as well as further information about the Company and its latest news releases at www.aerogrowmanufacturing.com, www.purerootsfarms.com, www.grsoinvest.com.
Shaun Wyzykoski, President of Sundance Prairie Products Ltd.:
Has 24 years of experience in the Canadian oil and gas industry. He has held roles in engineering, Facilities, Acquisitions and Divestitures, Finance/Capital Markets and Management. He held the COO role for Orlen Upstream Canada, had a significant role in two startup companies and was one of the first engineers at Crescent Point Energy.
Chad Fischl Chief Executive Officer and Director PO Box 2869 Jackson, WY 83001 Chad.F@AeroGrowManufacturing.ca
Grow Solutions Holdings, Inc. (OTCPink: GRSO)
This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Grow Solutions Holdings, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Grow Solutions Holdings, Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Grow Solutions Holdings, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
