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Gear International Inc. to Share in Earnings from Cannaworx Contract to Manage $14M Nevada Cannabis Grow and Extraction Operation
Gear International Inc. to Share in Earnings from Cannaworx Contract to Manage $14M Nevada Cannabis Grow and Extraction Operation.
About this update from Matchaah Holdings Inc
[{"type":"text","content":"\n \n \n Gear International Inc. to Share in Earnings from Cannaworx Contract to Manage $14M Nevada Cannabis Grow and Extraction Operation\n \n \nGear International Inc. to Share in Earnings from Cannaworx Contract to Manage $14M Nevada Cannabis Grow and Extraction Operation\n\nCannaworx Enters Into Agreement With Helping Hands Wellness Center to Manage a $14 Million Indoor Cannabis Cultivation and Extraction Center\n\n \n PENSACOLA, FL--(Marketwired - Sep 8, 2015) - Gear International, Inc. (OTC PINK: GEAR) is pleased to announce that Cannaworx, one of its portfolio companies, has entered into an agreement with Helping Hands Wellness Center, Inc. to manage a $14 million indoor cannabis cultivation and extraction center.\n The building, a 38,400 sq. ft. concrete tilt-up, is located on 5.4 acres of land in Mountain View Industrial Park in the City of North Las Vegas. Mountain View Industrial Park is situated in the Apex industrial complex, 20 minutes north of the Las Vegas valley. Apex is a special designated zone with lower fees and tax rates. The site currently has water and power, with a significant power upgrade slated for August completion.\n \"We are honored to have been chosen to operationalize what will soon be Nevada's premier indoor cannabis grow and extraction facility,\" said Robert Calkin, Cannaworx CEO. \"Considering how fast the industry is growing -- not only in Nevada but across the country -- it's imperative that new business endeavors get it right from the start. That's why Cannaworx has assembled an outstanding team of professionals to guide new ventures like this one to compliance and success.\"\n The facility will feature state-of-the-art extraction and cultivation techniques and be designed to operate as self-sustainably as possible, shooting for a near net zero carbon footprint.\n GEAR's CEO, Carlton Wingett, is quoted stating, \"This is a true testament to the work that Mr. Calkin and his team of industry experts have been doing, and to their decades of combined experience in this space. As a result of this agreement, Cannaworx continues to be validated as a premier consultant and service provider to the exploding cannabis industry, and recognized for its ability to streamline the process of planning and managing highly-specialized cannabis cultivation and extraction operations. Moreover, this brings grea...