$GRWC Huge News out! Grow Condos, Inc. Closes 2nd
Post# of 18220
Posted On: 04/28/2016 9:43:09 AM
$GRWC Huge News out! Grow Condos, Inc. Closes 2nd Property Development for 35 Industrial Units Based in Eugene, Oregon
http://finance.yahoo.com/news/grow-condos-inc...00475.html
EAGLE POINT, OR--(Marketwired - Apr 28, 2016) - Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol (OTC PINK: GRWC), a real estate purchaser, developer & manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry, is pleased that it has closed on the purchase of the land to support an additional 35 units under management in Eugene, Oregon.
Plans call for the Eugene project to be developed and sold into industrial condominiums for approximately $150,000 per each unit for the basic shell. The company discovered in our first development in Medford (now 100% fully occupied; a rental unit development) that there is also a tremendous opportunity to offer customized units with the variety of types of growers. In addition the company expects to earn additional ancillary income for its advisory and consulting services.
"We are very excited to have closed on our 2nd facility and we have already begun targeting suitable locations for our 3rd facility. We believe that once we have laid down a proper foundation there is a tremendous opportunity to build a national footprint of professional industrial condominium facility parks specifically targeted to the marijuana industry," said Wayne Zallen, CEO.
http://finance.yahoo.com/news/grow-condos-inc...00475.html
EAGLE POINT, OR--(Marketwired - Apr 28, 2016) - Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol (OTC PINK: GRWC), a real estate purchaser, developer & manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry, is pleased that it has closed on the purchase of the land to support an additional 35 units under management in Eugene, Oregon.
Plans call for the Eugene project to be developed and sold into industrial condominiums for approximately $150,000 per each unit for the basic shell. The company discovered in our first development in Medford (now 100% fully occupied; a rental unit development) that there is also a tremendous opportunity to offer customized units with the variety of types of growers. In addition the company expects to earn additional ancillary income for its advisory and consulting services.
"We are very excited to have closed on our 2nd facility and we have already begun targeting suitable locations for our 3rd facility. We believe that once we have laid down a proper foundation there is a tremendous opportunity to build a national footprint of professional industrial condominium facility parks specifically targeted to the marijuana industry," said Wayne Zallen, CEO.
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