Business
Global Small Caps Initiates Coverage on Grow Condos, Inc.
Global Small Caps Initiates Coverage on Grow Condos, Inc..
About this update from Grow Capital, Inc.
[{"type":"text","content":"\n \n \n Global Small Caps Initiates Coverage on Grow Condos, Inc.\n \n \nGlobal Small Caps Initiates Coverage on Grow Condos, Inc.\n \n EAGLE POINT, OR--(Marketwired - Jun 14, 2017) - Grow Condos, Inc. (OTCQB: GRWC), a fully reporting publicly traded company specialized in cannabis industry related \"Condo\" style real estate and turn-key grow facilities, is pleased to announce today that the Company has been the highlight of a recent comprehensive research report projecting a price target of $1.50.\n \"Based on the extreme excitement among investors in the fast-growing sector and the opportunity in front of Grow Condos, we believe these shares can easily surpass $1.50 over the coming months,\" the featured report states. The detailed research continues evaluation from analysis of the Company's advantageous niche in the cannabis related real-estate market, and unique advisory and consulting services, to detailed insight regarding the growth potential of the budding industry as a whole.\n According to the report featured in its entirety at: http://globalsmallcaps.com/2017/06/12/new-cannabis-play-grow-condos/, Grow Condos sales are being driven by burgeoning legal cannabis market, which stood at ~$7 billion in 2016 and is expected to grow at a CAGR of ~25% till 2020 to reach ~$22 billion. The market is expanding as more states ease marijuana laws. The analyst stated: \"We believe the greatest and the most profitable opportunities will be in the ancillary services such as real estate, education and advisory. GRWC is perfectly positioned to take advantage of these trends.\" He continued: \"The 37-unit condo style upcoming warehouse facility at Eugene could potentially bring in more than $5.5 million in revenues.\"\n Also covered in the report was the launch of 'Smoke on the Water' brand, citing its entrance into the niche RV and campground market as very lucrative, and shedding light on the value of the significant roll-up acquisition opportunities, being in such a highly fragmented industry. The writer continues by revealing the scalability of the Company's business model and its robust potential and suitability for the building of a national footprint. \"We see GRWC as an ancillary play on the multi-billion-dollar legal cannabis market with strong pipeline of new project launches and an experienced management team,\" concluded th...