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CannaGrow Holdings Announces Update on The Colorado Buffalo Ranch Filing No. 5-Lot 61 Development

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03/17/2015 | 11:30am CEST

CENTENNIAL, CO--(Marketwired - Mar 17, 2015) - CannaGrow Holdings, Inc., (OTC PINK: CGRW), a Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado project. 

Mr. Janovec, CannaGrow Holdings, CEO, comments, "Late in the day on Thursday, February 19, 2015 an application response was received from the Fire Captain of the Huerfano County Fire District with new recommendations. The recommendations were as follows:

1. Installation of a sprinkler systems inside of the Head-house and Greenhouse facilities,
2. Installation of a Dry Hydrant System with separate 10,000 storage tank,
3. Installation of a Fire Suppression System with smoke exhaust in Greenhouse,
4. Address road conditions along Bennett Roadway, specifically the three (3) low-water crossings.

Due to the last minute nature of the recommendations, NuGro requested that their Land Use Application, (LUA) No. 15-001, be removed from the Public Hearing and Joint County Commissioners-Planning Commission meeting agenda scheduled for February 25, 2015. Once again, NuGro demonstrated their complete dedication to the project and in a timely manner instructed StackLot LLC to contract the services for the civil engineering firm of Manhard Consulting Ltd, http://www.manhard.com/, to provide preliminary designs for a Texas low-water crossing along Bennett Roadway for the three (3) low-water crossings. NuGro Industries is working with Olympia Steel Buildings and Nexus Greenhouse Systems, the manufacturers of each facility, to address the fire sprinkler systems within each of the buildings. Stack Lot LLC, http://www.stacklot.com/ was notified and instructed to add the Dry Hydrant System and the additional water storage tanks to the site plans. The fire suppression exhaust systems were already incorporated into the original proposal and purchase order from Nexus Greenhouse Systems. We believe the issues will be resolved with the filing of an amended Land Use Application No. 15-001 with the anticipation of being on the Planning Commissions next scheduled meeting in late March."

Mr. Janovec went on to say, "We are forging new ground in this new and exciting industry and hurdles like these are to be expected. Our entire team is 100% committed to becoming the first large scale commercial grow operation in Huerfano County Colorado."

NuGro Industries recently entered into a contract with Terracon Consultants, Inc.'s Colorado Springs office, http://www.terracon.com/offices/colorado-springs/, to provide geotechnical engineering services for the testing of soils conditions in the areas of the roadways entering off Bennett Roadway, under the Head-house, Greenhouse, and Hoop-house areas so the shop-drawing submittals for the foundations can be completed by the structural engineers. These shop drawings will be submitted to Huerfano County Planning & Codes department. Based upon a final approval of the LUA, Huerfano County would issue a Conditional Use Permit (CUP) and Building Permits, allowing NuGro Industries to proceed with construction of Phase I & II of the Colorado Buffalo Ranch Filing No. 5-Lot 61.

Phase I & II consists of site grading for the ingress & egress roadways, a 3200 sq. ft. head-works building, six 2300 sq. ft. hoop-houses for outdoor grows, an approximate 3,000 sq. ft. state-of-the-art Nexus Greenhouse that utilizes the most up to date technology for the growing of cannabis. The Nexus Greenhouse and the Olympia Head-house building will provide a premier work and growing facilities for an approved Licensed Grower's operations that will optimize all operations, from seed to sale. 

CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in that capacity, working with the various Contractors and State/County Agencies, to see the Multi-Phased project through to an operational status. The completion of this Project will provide CannaGrow the basis to begin generating revenues from the licensed Growers sub-leasing the Turnkey Growing Facilities being built to the specifications of CannaGrow consultants, Dr. John P. Janovec and Jason Wells."

The actual site, grading, and phasing plans, can be viewed on our website at: http://cannagrowholdings.com.

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. is currently working with a website designer to update its website to reflect the new business model that will be forthcoming in the very near future.

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 violate 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, 2013, and the quarterly statements filed in calendar year 2014, 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.

© Marketwired 2015
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