Replies to post #53487 on Xtreme One Entertainment Inc (XONI)

[1crazydiamond]

"CannaGrow Holdings, Inc. has signed a 5 year lease agreement with options for multiple year extensions on 20 acres encompassed under this Conditional Use Permit. In the lease contract, NuGro has agreed to build a State of the Art Cultivation Facility that will include a Five Phase build out while providing all of the developmental costs for the site plans, site work, utilities, and structures."

http://finance.yahoo.com/news/cannagrow-holdings-announces-lua-approval-103000044.html

[IBN4Profits]

great question! It is really good to see legit people showing up and asking legit questions. if you look into the filings you'll see that there's been no shares issued in over a year. to my understanding they are not putting the cost of the construction but will be reaping the benefits of all revenue streams derived from the facility.