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CannaGrow Holdings Announces Colorado Division of Water Resources Has Approved the Water Well at Colorado Buffalo Ranch Filing No. 5-Lot 61 for Commercial Use
CannaGrow Holdings Announces Colorado Division of Water Resources Has Approved the Water Well at Colorado Buffalo Ranch Filing No. 5-Lot 61 for Commercial Use.
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[{"type":"text","content":"\n \n \n CannaGrow Holdings Announces Colorado Division of Water Resources Has Approved the Water Well at Colorado Buffalo Ranch Filing No. 5-Lot 61 for Commercial Use\n \n \nCannaGrow Holdings Announces Colorado Division of Water Resources Has Approved the Water Well at Colorado Buffalo Ranch Filing No. 5-Lot 61 for Commercial Use\n \n CENTENNIAL, CO--(Marketwired - Dec 1, 2015) - CannaGrow Holdings, Inc., (OTC PINK: CGRW), A Liaison and Consultant providing Turn-key Solutions to Licensed Growers announces an update on the Colorado Project. \n Delmar Janovec, CEO, stated, \"On Wednesday, November 25, 2015, the new deepened well at NuGro Industries Colorado Buffalo Ranch Filing No. 5-Lot 61 was approved by the Colorado Division of Water Resources for Commercial Use. This Commercial Well Approval is of key importance to the success of the project at Colorado Buffalo Ranch Filing No. 5-Lot 61 and to date is the only water well in Huerfano County to be approved for Commercial Use for a Cannabis Grow Facility.\" \n  Shareholders will recall that in August the Company made an announcement in regards to a well drilled on the Colorado Buffalo Ranch Filing No. 5-Lot 61 and recorded with the Colorado Division of Water Resources. That well, recorded at a depth of 300 ft., perforated the Peerless Shale and produced 2 gallons of water per minute (gpm). After discussions between NuGro Industries and CannaGrow Holdings, it was agreed that in order to meet the full potential of the Five-Phase build-out, a well with a greater capacity would be required and extremely beneficial to the overall plans of the project. That existing well was then deepened to a depth of 1910 ft., perforating the Dakota Aquifer and producing a water flow rate of 12 gpm. That well, now deemed worthy of commercial use, is more than adequate for the full project build-out while providing for potential future expansions beyond the planned Five-Phase Facility now currently under construction.\"\n Dr. John P. Janovec, Ph.D., added, \"Once again NuGro has demonstrated a complete commitment to the project by providing CannaGrow Holdings with the infrastructure required to become an Industry Leader in Colorado. The water from the Dakota Aquifer is of a higher quality and with a well producing 12 gpm the question of having an adequate water supply has been answered. Now tha...