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CannaGrow (CGRW) Moves Toward Revenue Generation with Certificate of Occupancy

Ryan Allway

July 14th, 2016

News, Top News

[stockchart symbol=CGRW]

CannaGrow Holdings Inc. [stockquote symbol=CGRW], a liaison and consultant providing turnkey solutions to licensed growers in the legal cannabis industry, recently announced that a Certificate of Occupancy was issued and Category One Botanical LLC has taken possession of the facility and initiated operations. The licensed lessor will initially produce more than 1,500 plants and implement a cloning program to produce hybrid strains.

The company initially leased a 20-acre property and worked with government agencies and utility companies to secure the necessary permits to grow marijuana. Using its team of in-house experts, the plan was to build 5-acre turnkey grow facilities, sub-lease them to licensed growers, and provide ongoing seed to sale support services. Category One Botanical became the first sub-lessor under the plan and could result in meaningful revenue generation.

“The Colorado Buffalo Ranch Grow Facility rivals any commercial facility I have ever been involved with,” said Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC in the press release announcing the progress. “Over the last decade I have been a General Manager for one of the largest Big Box Store Garden Departments in the state and I can say the professional team that has been assembled at Colorado Buffalo Ranch has the knowledge and experience to become an Industry Leader in Colorado.”

The state-of-the-art facility will serve as a working testament to the quality of the turnkey facilities and, according to the company’s press release, it has already received numerous inquiries from additional perspective tenants. The company is also exploring additional business ventures within the industry that could further enhance shareholder value.

“With the initial construction phase of our first five acre facility completed I will now focus my attention on the inquiries from third parties interested in the potential development of additional facilities on an adjacent five acre footprint of the 20 acres that are under lease to CannaGrow,” said CEO Delmar Janovec.

Shares of CannaGrow Holdings Inc. were unchanged in early trading on Thursday, July 14, 2016.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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