CGrowth Capital, Inc. Updates Shareholders on Licensing Process with Wildfire Cannabis Company and Provides Legal Update from...
Date : 04/28/2015 @ 9:45AM
Source : Access Wire
Stock : Cgrowth Capital, Inc. (PC) (CGRA)
Quote : 0.007 0.0007 (11.11%) @ 4:30PM
CGrowth Capital, Inc. Updates Shareholders on Licensing Process with Wildfire Cannabis Company and Provides Legal Update from...
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SILVERDALE, WA / ACCESSWIRE / April 28, 2015 / CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company"
is pleased to announce that the Washington State Liquor Control Board ("LCB" has provided Wildfire Cannabis Company, LLC (the Company's "Lessee" with its initial thumbs up on the Company owned site location and indicated that "
they) may proceed with (the) location." Additionally, the Lessee has scheduled its interview with the LCB to further review the site and license on May 1, 2015. The initial information from the LCB is a positive response for the Company, knowing that the site can support the current group and additional operations. Per Washington statutes, a property can host up to three Tier 3 marijuana operations.
In a move expected by many, Washington Governor Jay Inslee signed Senate Bill 5052 into law over the weekend. The law is aimed at folding in the unregulated medical marijuana industry into the controlled recreational market. The law is scheduled to go into effect July 1, 2016 and is expected to result in more business being driven to the licensed Retail establishments that get their products from the Producer/Processors, according to those involved in the industry.
As a licensed Tier 3 marijuana producer and licensed processor, Wildfire Cannabis Company is currently qualified to manage between 10,000 square feet to 30,000 square feet of marijuana plant production, as well as additional processing within Washington State (the largest available license). A marijuana producer license allows the licensee to produce, harvest, trim, dry, cure, and package marijuana into lots for sale at wholesale to marijuana processor licensees and to other marijuana producer licensees. A marijuana producer can also produce and sell marijuana plants, seeds, and plant tissue culture to other marijuana producer licensees. Furthermore, as a marijuana processor license holder, Wildfire Cannabis Company is also allowed to process, package, and label usable marijuana and marijuana-infused products for sale at wholesale to marijuana retailers throughout the state, including Company properties. The lease is contingent on Wildfire Cannabis Company obtaining complete legal funding, and on Washington State approval of the final business plan.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as a holding company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations. Through wholly owned subsidiaries, the Company has begun to strategically leverage assets for maximum value within the legally developing cannabis industry currently underway in Washington State.
For more information about CGrowth Capital, visit their website: www.CGrowthCapital.com.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Date : 04/28/2015 @ 9:45AM
Source : Access Wire
Stock : Cgrowth Capital, Inc. (PC) (CGRA)
Quote : 0.007 0.0007 (11.11%) @ 4:30PM
CGrowth Capital, Inc. Updates Shareholders on Licensing Process with Wildfire Cannabis Company and Provides Legal Update from...
SILVERDALE, WA / ACCESSWIRE / April 28, 2015 / CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company"
is pleased to announce that the Washington State Liquor Control Board ("LCB" has provided Wildfire Cannabis Company, LLC (the Company's "Lessee" with its initial thumbs up on the Company owned site location and indicated that "they) may proceed with (the) location." Additionally, the Lessee has scheduled its interview with the LCB to further review the site and license on May 1, 2015. The initial information from the LCB is a positive response for the Company, knowing that the site can support the current group and additional operations. Per Washington statutes, a property can host up to three Tier 3 marijuana operations. In a move expected by many, Washington Governor Jay Inslee signed Senate Bill 5052 into law over the weekend. The law is aimed at folding in the unregulated medical marijuana industry into the controlled recreational market. The law is scheduled to go into effect July 1, 2016 and is expected to result in more business being driven to the licensed Retail establishments that get their products from the Producer/Processors, according to those involved in the industry.
As a licensed Tier 3 marijuana producer and licensed processor, Wildfire Cannabis Company is currently qualified to manage between 10,000 square feet to 30,000 square feet of marijuana plant production, as well as additional processing within Washington State (the largest available license). A marijuana producer license allows the licensee to produce, harvest, trim, dry, cure, and package marijuana into lots for sale at wholesale to marijuana processor licensees and to other marijuana producer licensees. A marijuana producer can also produce and sell marijuana plants, seeds, and plant tissue culture to other marijuana producer licensees. Furthermore, as a marijuana processor license holder, Wildfire Cannabis Company is also allowed to process, package, and label usable marijuana and marijuana-infused products for sale at wholesale to marijuana retailers throughout the state, including Company properties. The lease is contingent on Wildfire Cannabis Company obtaining complete legal funding, and on Washington State approval of the final business plan.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as a holding company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations. Through wholly owned subsidiaries, the Company has begun to strategically leverage assets for maximum value within the legally developing cannabis industry currently underway in Washington State.
For more information about CGrowth Capital, visit their website: www.CGrowthCapital.com.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
