STWC Holdings Announces Corporate UpdatePress Release | 11/19/2019
Cannabis Industry Pioneer announces progress in multiple projects
STWC Holdings, Inc. (OTCQB: STWC) is pleased to provide a Corporate update spanning multiple projects and divisions.
STWC Oklahoma activities: STWC successfully secured multiple licenses on behalf of a joint venture client to open both retail dispensaries and a cultivation facility. Earlier this year, the Oklahoma projects began commercialization with the opening of a CBD retail location which has been in operation for over 6 months. Shortly thereafter, STWC completed the design and buildout of a retail cannabis dispensary in the same retail plaza. These locations are able to leverage overlapping customer traffic and harness increased brand recognition. STWC has been retained to provide services on an ongoing basis to both locations. Separately, a cultivation facility buildout is underway and is 75% complete. Its anticipated that this facility will be ready to commence operations in early 2020.
STWC Puerto Rico activities: STWC successfully acquired multiple licenses to open retail dispensaries in Puerto Rico. The first dispensary location has been secured in an active community in San Juan that is very popular with both tourists and affluent locals. The buildout of this facility is set to commence in the next 30 days and it is anticipated that this location will be operational in early 2020. STWC has been retained to provide marketing and operational oversight to this location on an ongoing basis. The remaining licenses will be deployed as suitable retail locations are identified.
STWC California Activities: STWC has been working on a retail dispensary license in San Diego since 2018. Through a joint venture, STWC has made considerable progress at the local regulatory level and a location has been secured. Further updates will be forthcoming on the prospective timeline, however STWC has been retained to manage the entire process and ultimately render marketing and operational support to the project. San Diego is a very attractive market with a limited number of licenses issued and a demographic management believes to be ideal for the success of the project.
STWC Corporate divisional Activities: STWC has continued to grow its internal divisions that support the legalized cannabis industry. These areas include application and license consulting, packaging, accounting, compliance, design and marketing and operational support. As multiple emerging markets are developing, STWC has been retained to render service in multiple new regions and continues to so a strong pipeline of new customers looking for assistance in one or more of these categories.
Commenting on the progress the Company has made in 2019, CEO Erin Phillips said We are pleased that there has been considerable, measurable progress across all fronts. With extensive regulatory oversight, nothing happens as quickly as it does in other industries, however our focus on best of breed services and support are demonstrated through our customer relationships by the care and attention we give to each projects success. We think the market as a whole provides ongoing tailwinds, and we look forward to the progress to come in both existing projects and new initiatives under development.
About STWC Holdings, Inc.
Headquartered in Lakewood, Colo., STWC Holdings, Inc. (OTCQB: STWC) is a complete ecosystem of entities and services that support the burgeoning cannabis industry. From capital, strategic partnership, and seed-to-sale consulting to design, marketing and advertising services, we are highly diversified within the industry. We are a team of highly capable industry veterans that creates value for our partners by providing access to our comprehensive suite of assets. We develop made-to-order solutions to address the range of challenges that cannabis entrepreneurs and businesses face. We believe in the value of cannabis, and were laying the foundation for its future. For more information: 303-736-2442.
STWC Holdings, Inc.
Investors@strainwise.com
303-736-2442
