Business
Grow Condos, Inc. Secures $450,000 in Bridge Financing focusing on the build out of its Smoke on the Water brand
Grow Condos, Inc. Secures $450,000 in Bridge Financing focusing on the build out of its Smoke on the Water brand.
About this update from Grow Capital, Inc.
[{"type":"text","content":"\n \n \n Grow Condos, Inc. Secures $450,000 in Bridge Financing focusing on the build out of its Smoke on the Water brand\n \n \nGrow Condos, Inc. Secures $450,000 in Bridge Financing focusing on the build out of its Smoke on the Water brand\n \n EAGLE POINT, OR--(Marketwired - Feb 9, 2017) - Grow Condos, Inc. (OTCQB: GRWC), a fully reporting publicly traded company specializing in cannabis industry related \"Condo\" style real estate and turn-key grow facilities, is pleased to announce today that it has obtained nearly half a million dollars in financing. Management is committed to the building of the Smoke on the Water brand.\n With a vision to bring Cannabis Friendly vacationing to life for nature lovers, tourists, and enthusiasts alike, the Company's wholly owned subsidiary, \"Smoke on the Water,\" has recently mobilized to discover and acquire existing nature-rich properties to provide viable resources to visitors seeking to enjoy the benefit of relaxed marijuana laws in a recreational setting, the opportunity to enjoy Oregon on a whole new level.\n \"Securing the funding to move 'Smoke-on-the-Water' forward has been one of our most important milestones. Having the resources in place, we are enabled to conclude on recent due diligence process, and highly anticipate the launch of development on key projects,\" stated Wayne Zallen, Chief Executive Officer.\n Because it's not yet permissible to recreationally smoke in National and State Parks, it has been discovered that relaxed marijuana laws are indeed a powerful motivator for tourists, which creates a very lucrative niche opportunity for smaller, privately owned properties that can offer the freedom of experiencing Oregon's strikingly beautiful landscape while also allowing its visitors to enjoy Oregon's 420 friendly privileges.\n According to the Travel Oregon Strategic Plan for 2015-17, it states: \"More people than ever are choosing to come to Oregon, and they are traveling farther than ever to get here. They are coming to enjoy the things we love: natural beauty, wilderness, adventure, amazing fresh food, wine, craft beer, world-class sports, and a vibrant arts and culture community. The result of all these visitors is a long list of powerful statistics and measures that show the profound economic power of tourism in Oregon.\"\n In a recent survey done in Colorado,...