Business
Grow Condos, Inc. Incorporates New Wholly Owned Subsidiary, Smoke on the Water
Grow Condos, Inc. Incorporates New Wholly Owned Subsidiary, Smoke on the Water.
About this update from Grow Capital, Inc.
[{"type":"text","content":"\n \n \n Grow Condos, Inc. Incorporates New Wholly Owned Subsidiary, Smoke on the Water\n \n \nGrow Condos, Inc. Incorporates New Wholly Owned Subsidiary, Smoke on the Water\n \n EAGLE POINT, OR--(Marketwired - Nov 3, 2016) - 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 that the Company has incorporated a new division designed to capitalize on Oregon's growing level of recreational acceptance through the development of turn-key real-estate solutions for Marijuana-friendly campgrounds and resorts.\n The company's strategy is to build out and brand \"Smoke on the Water\" as a stand-alone company which could potentially be spun out as an independent entity. Plans call for the company to initially develop the property through acquisition, subsequently rebranding the existing RV business to represent the Smoke on the Water brand. The company is currently actively looking for RV parks for sale to begin the operational launch of the brand.\n Also slated for release is \"SmokeOnTheWater.Club,\" where travelers can join a membership based environment designed to inform as well as reward like-minded consumers through a gratifying loyalty program. \n According to a recent report on the DenverPost.com, \"For the fifth year in a row, Colorado hosted a record number of tourists who have left a record amount of cash in their wake. The Colorado Tourism Office on Wednesday reported that 77.7 million visitors to the state in 2015 spent an all-time high of $19.1 billion, generating $1.13 billion in state and local taxes, an increase of almost 7 percent from 2014.\" Although there are no official numbers distinguishing the reason for the increase, according to MarketWatch.com in 2014 \"...one travel booking site saw searches for Denver jump nearly 75% year-over-year months after recreational marijuana use was legalized in Colorado.\"\n \"Being in the real-estate industry, we see how this growing paradigm shift is permeating the various sectors, and have discovered that there is a strong and growing demand for Marijuana friendly vacationing,\" stated Wayne Zallen, Chief Executive Officer. \"We believe that 'Smoke on the Water Resorts' is going to be a real win-win situation for campground owners, not...