Business
Upper Street Marketing, Inc. and Cannabis Company Growing Springs Holdings Announce Growth Plans and New Management
Upper Street Marketing, Inc. and Cannabis Company Growing Springs Holdings Announce Growth Plans and New Management.
About this update from Upper Street Marketing, Inc.
[{"type":"text","content":"\nSCOTTSDALE, AZ, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Upper Street Marketing Inc. (OTC: UPPR) is pleased to announce that further to the news release of July 26, 2018, that the merger with Growing Springs Holdings Corporation (GSHC), of San Diego, California, has now been completed.  The shareholders of Growing Springs Holdings Corporation have exchanged their ownership of Growing Springs for ownership in Upper Street, and Upper Street now owns 100% of Growing Springs. \n Growing Springs Holdings Corporation via its wholly owned subsidiary, Growing Springs LLC (GSLLC), provides exclusive liquid conversion water technology to various cannabis and hemp cultivators in the U.S. and Canada.  Additionally, Growing Springs Services Group (GSSG) acquires and operates cannabis cultivation, dispensary and related manufacturing operations.  Several Upper Street shareholders transferred the majority of their shares to the shareholders of Growing Springs whereby they, the Growing Springs shareholders, now own a controlling interest in Upper Street. Upper Street now has approximately 71 million common shares issued and outstanding. Mr. Joseph Earl, the founder and CEO of Growing Springs Holdings Corporation has assumed the role of CEO and President of Upper Street Marketing, Inc. and has been appointed to the board of directors of Upper Street. Upper Street Marketing, Inc. has raised sufficient working capital and has begun executing on the Growing Springs business expansion. BUSINESS EXPANSION HIGHLIGHTS  Using the unique business model of management contracts and royalty agreements, Growing Springs/Upper Street has created the following businesses that we manage and are paid royalties and management fees from; A licensed Colorado Springs cannabis dispensary, cultivation manufacturing operation that already has approximately $1 million in annual revenues. Our plan is to expand the revenue to $1 million per month by the end of 2019. 100% of the income generated comes to Growing Springs Holdings Corp/Upper Street from which we pay all of the operating costs, which is approximately 40% of revenues. Growing Springs acquired this opportunity for cash of $1.7 million payable over 18 months, plus 250,000 restricted common shares of Upper Street Marketing, Inc. A one time hemp transaction for a substantial amount of bio-mass that c...