Business
Upper Street Marketing, Inc. and Cannabis Company Growing Springs Holdings to Merge
Upper Street Marketing, Inc. and Cannabis Company Growing Springs Holdings to Merge.
About this update from Upper Street Marketing, Inc.
[{"type":"text","content":"\nLOS ANGELES, July 26, 2018 (GLOBE NEWSWIRE) -- Upper Street Marketing, Inc. (OTC:UPPR) (“Upper Street”) and Growing Springs Holdings have announced a Letter of Intent agreement to merge.  The merger is anticipated to complete September 15, 2018, and is subject to Upper Street Marketing raising $500,000 of working capital. The letter of intent calls for a restructuring of the ownership of Upper Street whereby the shareholders of Growing Springs will own a controlling percentage of the shares of Upper Street when the merger completes.\n Concurrent with the merger of Upper Street and Growing Springs, Growing Springs intends to acquire a Colorado cannabis growing business that has approximately $1 million in revenues. Growing Springs Holdings (GSHI) via its wholly owned subsidiary, Growing Springs LLC (GSLLC), provides exclusive liquid conversion water technology to various cannabis and hemp cultivators in the US and Canada.  Additionally, Growing Springs Services Group (GSSG) acquires and operates cannabis cultivation, dispensary and related manufacturing operations.  Growing Springs Services Group is under contract to acquire five cannabis licenses.  With this acquisition, GSSG will own and operate two cannabis dispensaries and two cannabis cultivation operations that currently are growing approximately 1,000 cannabis plants with plans to expand that to approximately 8,000 cannabis plants following the closing.  GSSG will also operate a new MIPS license (product manufacturing operation) along with this acquisition. Growing Springs Holdings sees continued robust growth for the company in multiple cannabis, hemp and cannabis agricultural based markets in the US and Canada.  Joseph Earle, Growing Springs Holdings Chief Operating officer (COO) states that \"the merger with Upper Street Marketing Inc., will allow Growing Springs Holding the ability to finance significant business growth in its target markets.\"  Earle goes on to say, “Growing Springs Holdings, via its subsidiaries, plans to install a significant number of LCT water systems over the coming 12 – 18 months with new customers as well as raise its own cultivation and distribution networks revenue as many as ten times current levels.” Growing Springs' website is www.growingsprings.com. Upper Street Marke...