Replies to post #1641 on Indoor Harvest Corp (INQD)

[ccsykes]

Expecting isn't a promise Alan.



It's not uncommon for development projects to have delays. For example you've mentioned our CLARA project being a failure. Maybe you should read our disclosures about the status of CLARA. The project is still very much alive and well.

In the first quarter of 2016, the Company completed environmental testing of the properties to be provided by the City of Pasadena and the presence of high levels of both asbestos and lead contamination was detected. The cost of abatement and remediation required to bring the properties up to safe conditions was determined to be cost prohibitive. In the first quarter of 2017, a new 1.9 acre, open land site was provided by the City of Pasadena which passed environmental inspections in March 2017. With these new developments, the company is currently negotiating with commercial partners and lenders to deploy the project as originally agreed.

On October 11, 2016, the CLARA project was announced as a winner of General Electric’s (“GE”) HealthyCities Leadership Academy, a part of GE’s healthymagination commitment to mentor and support leaders in their communities as they develop and support new strategies to tackle population health challenges. The goal of the initiative is for community and business leaders to work together to help the cities, towns and communities where they live and work to address significant health challenges. The CLARA project was one of nine projects chosen after a thorough evaluation of all eligible entries based on their ability to demonstrate a clear potential to improve the health of all socioeconomic strata of the targeted community. Selections were determined by a panel of distinguished judges who have expertise in the fields of population health, public health, and healthcare. The CLARA project will receive an initial award of $25,000 in prize money to help develop population health improvements through partnerships with public and private entities, and will be eligible for a final prize award of $250,000 after a year of collaborative learning and support.