EAGLE POINT, OR--(Marketwired - May 31, 2016) - Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol (OTC PINK:GRWC). Grow Condos, Inc. is a real estate purchaser, developer & manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry. The Company is pleased to announce that it is launching a new division which will target the development of cannabis friendly RV Campgrounds/Resorts specifically tailored for owner/operators and cater to the recreational marijuana marketplace.
"Recreational vehicle owners and campers want to be able to enjoy a stress free experience and we feel that in the recreational marijuana states a cannabis friendly resort will draw great interest," said CEO Wayne Zallen.
The company plans to build out a branded RV campground/resort named "Smoke on the Water Resorts," providing a turn-key solution for the campground owner/operator. Grow Condos will participate in a revenue share and or royalty/rental basis while maintaining the ownership of the real estate thus taking advantage of any appreciation.
About Grow Condos, Inc.
Grow Condos is a fully reporting publicly traded company listed under the symbol GRWC: Pink Sheets. It is a real estate purchaser, developer & manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry. We own, lease, sell and manage multi-tenant properties.
Like during the Gold Rush days in California, Grow Condos is focused on a pick-and-shovel approach to participating in the exploding marijuana industry. We finance the purchase and/or development of properties by offering investors private placement sponsorships, debt instruments, or limited partnerships. We believe there is a significant investor demand for such opportunities. Currently we own and manage a 15,000 square foot warehouse in Eagle Point, Oregon, own and developing a property in Eugene Oregon and are currently looking into other acquisitions in Oregon, Colorado, Washington, California and Nevada with like-minded investors who want to share in the growth of this dynamic new industry.
Additionally the company is currently an additional line of products and services to offer our partners, customers and tenants.
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 Condos, 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.