CANNAGROW HOLDINGS, INC PUEBLO, CO, Dec. 18, 2017 (GLOBE NEWSWIRE) -- CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- As a Liaison and Consultant providing turnkey solutions to licensed growers, CannaGrow Holdings, Inc. announces that Licensed Grower, Category One Botanicals, LLC, has surpassed production and monthly sales targets of two hundred pounds for both November and December of 2017.
Delmar Janovec, CEO, states, “Meeting and exceeding production and sales targets for November and December is going to set the tone for calendar year 2018. I am very proud of the CannaGrow Management and Staffing Personnel and the quality product they are assisting Licensed Grower, Category One Botanicals, LLC, in bringing to market. November was a record month for sales at Two Hundred and Thirty-two (232) pounds. Sales by mid-December of Two Hundred and Three (203) pounds is on pace to eclipse November. Looking at the big picture, this inventory sell through will allow Category One Botanicals, the Licensed Grower, to apply through the Colorado Marijuana Enforcement Division (MED) to double their live plant limit from 1,800 plants to 3,600 plants. The increased plant count will enable the CannaGrow/Category One Botanicals grow team to substantially increase production and monthly sales targets.”
Dr. John P. Janovec, COO and Facility Manager, comments, “CannaGrow Holdings and Licensed Grower, Category One Botanicals, have made significant strides over the last 12 months in bringing the Colorado Buffalo Ranch Facility to complete operational and functional status. The Facility is under management by CannaGrow’s Staffing Program in conjunction with Rod Clawson and Category One Botanicals. We have developed a talented Grow Team that has a combined experience of 100 years plus in growing the Cannabis plant. The Team has been able to implement a rigorous perpetual production and harvest schedule during this calendar year 2017 with increasing yields of product that meets quality standards set by the Industry in Colorado. For additional information, I encourage you to visit our website at http://www.cannagrowholdings.com or check us out on Facebook at https://www.facebook.com/Category1Botanicals/.“
As explained on the Company’s website, CannaGrow Holdings and its associate company, Category One Botanicals, LLC, the licensed grower, are dedicated to taking a leading role in the transformation of the legal Cannabis Industry into a vital, responsible sector of the American economy. With a scientific approach to sustainability and profitability, the Team has a commitment to a sunshine-driven cultivation program that utilizes proprietary natural grow medium fertilized with probiotic nutrient-rich teas brewed weekly at Colorado Buffalo Ranch. They are also dedicated to preserving Cannabis Genetics, which is what drives them to maintain a number of proprietary land race strains in their Strain Catalog. Learn more about the 20+ Cannabis Strains being grown at Colorado Buffalo Ranch by downloading the Category One Strain Catalog available through the CannaGrow Holdings Blog at: http://www.cannagrowholdings.com/cannagrow-blog/.
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity of providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the Licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from Licensed Growers subleasing the Turnkey facilities being built to the specifications of CannaGrow COO, Dr. John P. Janovec, and Production Manager, Jason Wells.
About CannaGrow Holdings, Inc.:
CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to Licensed Growers, providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders.
CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violates the laws of the United States of America.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2016, and the quarterly statements filed in calendar year 2017, at: www.otcmarkets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
CONTACT: CannaGrow Holdings, Inc. Delmar Janovec Investor Relations info@cannagrowholdings.com http://www.cannagrowholdings.com/
