EAGLE POINT, Ore., June 26, 2018 (GLOBE NEWSWIRE) -- Grow Condos, Inc., (OTCPK:GRWC) announced today that it has filed its past due annual and quarterly reports with the Securities and Exchange Commission (“SEC”) and is now compliant with OTC Markets filing requirements.
“Grow Condos took a financial and timeline setback when our prior auditor lost his PCAOB credentials and we had to change auditors. The auditor’s sanction was not related to work he had performed for Grow Condos nor was the sanction related to Grow Condos in any way,” said CEO Wayne Zallen.
“The auditor losing his credentials was out of our control. However we stepped up and have now remedied the situation and have it used it as an opportunity to have a better accounting system going forward,” continued Zallen.
About Grow Condos, Inc.: Grow Condos is a publicly traded company listed under the symbol GRWC. We own and manage a 15,000-square foot condo style warehouse in Eagle Point, Oregon, the Smoke On the Water 420 friendly campground located in Lake Selmac, Oregon. and a property in Eugene Oregon.
Safe Harbor: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Grow Con dos, Inc, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would,""will,""expect,""estimate,""can,""believe,""potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Condos, Inc. ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Grow Condos, Inc. filings with the OTC Markets, Securities and Exchange Commission and/or the company's website.
CONTACT: Grow Condos, Inc. Corporate: www.growcondos.com Twitter: https://twitter.com/GrowCondosInc Investor Relations: info@growcondos.com
