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CannaGrow Holdings Secures Optional Contract on Additional 15 Acres at Colorado Buffalo Ranch Filing No. 5-Lot 61
CannaGrow Holdings Secures Optional Contract on Additional 15 Acres at Colorado Buffalo Ranch Filing No. 5-Lot 61.
About this update from Xtreme One Entertainment, Inc.
[{"type":"text","content":"\n \n \n CannaGrow Holdings Secures Optional Contract on Additional 15 Acres at Colorado Buffalo Ranch Filing No. 5-Lot 61\n \n \nCannaGrow Holdings Secures Optional Contract on Additional 15 Acres at Colorado Buffalo Ranch Filing No. 5-Lot 61\n \n CENTENNIAL, CO--(Marketwired - Jan 27, 2016) - 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, states, \"Due to the number of inquiries and ongoing discussions with parties interested in leasing, building, or entering into Joint-Ventures with CannaGrow Holdings on the Colorado Buffalo Ranch Filing No. 5-Lot 61 Property, the Company has secured an option to lease the remaining 15 acres on Lot 61 from NuGro Industries, Inc. The current Five (5) Phase Build Out is already spoken for and leasing details are being negotiated with the future tenants. We are of the opinion the reason for the growing number of inquiries is because of the underlying issue of sufficient access to a water source.\n \"Shareholders will recall that on December 1, 2015 CannaGrow Holdings, Inc. announced the Colorado Division of Water Resources approved the NuGro Industries Water Well on the Colorado Buffalo Ranch Filing No. 5-Lot 61 for Commercial Use. To date, this is the only water well in unincorporated Huerfano County to be approved for Commercial Use for a Cannabis Grow Facility. \n \"Construction on Phase I & II continues and progress is accelerating. The foundations (footings and stem walls) have been completed for both the Nexus Greenhouse and Olympia Head-house. The Greenhouse construction subcontractors moved onto the project site on Monday, January 25, 2016, to begin erecting the facilities.\"\n Janovec continues on, \"Phase I & II consists of site grading for the ingress & egress roadways, a 3,200 sq. ft. head-works building, six (6) 2300 sq. ft. hoop-houses for outdoor grows, an approximate 3,300 sq. ft. state-of-the-art Nexus Greenhouse that utilizes the most up-to-date technology for the growing of cannabis. The Nexus Greenhouse and the Olympia Head-house buildings will provide a premier work and growing facilities for an approved Licensed Grower's operations which will optimize all operations, from seed-to-sale. \n \"CannaGrow Holdings, Inc., the Li...