CGrowth Capital Announces Two Additional Tier 3 Ca
Post# of 489
Posted On: 04/07/2016 10:23:40 AM
CGrowth Capital Announces Two Additional Tier 3 Cannabis Tenants at Washington State Facility
SILVERDALE, WA / ACCESSWIRE / April 7, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to announce that its wholly owned subsidiary, Chewelah Properties, LLC, has executed a 5-year lease to provide an approved F-1 manufacturing facility for legalized cannabis production and processing to two (2) additional I-502 Tier 3 cannabis producer/processors at its Washington state facility. The tenants, "Randolph and Mortimer" and "Wonder West Group," join the previously announced Wildfire Cannabis Company at the site to bring the total lessees to three.
"The past few months our Company has been growing faster than the weed our tenants will be producing," stated Bill Wright, CEO of CGrowth Capital, Inc. "We are ecstatic about the progress being made so early in the year and are looking forward to exciting updates in the weeks to come."
Mr. Wright continued, "We are in the envious position that we are able to fund our initiatives without having to dilute the Company any further. From this point forward, each step taken will be with the goal of strengthening the overall Company and positioning it for a higher exchange."
Earlier in the week Chewelah Properties, LLC received its Determination of Non-Significance ("DNS" regarding its SEPA submittal from Stevens County Land Services division to allow its Eastern Washington industrial facility to transition from a mineral processing site to and F-1 manufacturing facility that can produce and process cannabis.
A licensed Tier 3 marijuana producer is currently qualified to manage between 10,000 square feet to 30,000 square feet of marijuana grow canopy, as well as additional processing within Washington State (the largest available license). The combined tenant production that the Company now supports is as much as 90,000 square feet of marijuana grow canopy at full capacity.
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, and other commodities to market. CGrowth Capital will focus on acquiring or land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
SILVERDALE, WA / ACCESSWIRE / April 7, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to announce that its wholly owned subsidiary, Chewelah Properties, LLC, has executed a 5-year lease to provide an approved F-1 manufacturing facility for legalized cannabis production and processing to two (2) additional I-502 Tier 3 cannabis producer/processors at its Washington state facility. The tenants, "Randolph and Mortimer" and "Wonder West Group," join the previously announced Wildfire Cannabis Company at the site to bring the total lessees to three. "The past few months our Company has been growing faster than the weed our tenants will be producing," stated Bill Wright, CEO of CGrowth Capital, Inc. "We are ecstatic about the progress being made so early in the year and are looking forward to exciting updates in the weeks to come."
Mr. Wright continued, "We are in the envious position that we are able to fund our initiatives without having to dilute the Company any further. From this point forward, each step taken will be with the goal of strengthening the overall Company and positioning it for a higher exchange."
Earlier in the week Chewelah Properties, LLC received its Determination of Non-Significance ("DNS"
regarding its SEPA submittal from Stevens County Land Services division to allow its Eastern Washington industrial facility to transition from a mineral processing site to and F-1 manufacturing facility that can produce and process cannabis. A licensed Tier 3 marijuana producer is currently qualified to manage between 10,000 square feet to 30,000 square feet of marijuana grow canopy, as well as additional processing within Washington State (the largest available license). The combined tenant production that the Company now supports is as much as 90,000 square feet of marijuana grow canopy at full capacity.
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, and other commodities to market. CGrowth Capital will focus on acquiring or land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
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