SOURCE: CannaGrow Holdings, Inc.

September 08, 2016 06:30 ET

CannaGrow Holdings Announces Access Granted to Utilize Cannabase Wholesale Market Platform

GREENWOOD VILLAGE, CO--(Marketwired - Sep 8, 2016) - CannaGrow Holdings, Inc., (OTC PINK: CGRW), -- CannaGrow Holdings., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announces Category One Botanicals, LLC, the Licensed Grower at the Colorado Buffalo Ranch Facility I, has been granted access to Cannabase, the largest wholesale marketplace for Colorado's Licensed Marijuana Cultivators & Retailers.

Rod Clawson, Managing Member of Category One Botanicals LLC, the Licensed Grower, states, "Production progress is really starting to accelerate and in anticipation of October and November harvests it is time to get acquainted with Cannabase. The CannaGrow Holdings Staffing Program has done a remarkable job to date in assisting Category One Botanicals to manage the entire facility and now it will be incumbent upon me to ensure there will be an outlet for the quality and quantity of the exceptional product Category One Botanicals will be bringing to market."

Dr. John P. Janovec, Ph.D., COO of CannaGrow Holdings, adds, "In researching the Cannabase Marketing Platform the first thing I see is that many of the strains currently in production at Buffalo Ranch Facility I are listed for sale in the range of $1,400 to $1,600 per pound and even a few are as high as $2,000. Being able to watch the day-to-day activity of this 'Cannabis Exchange' will enable me to direct my cloning of plants for the second grow cycle to accommodate the needs of buyers seeking a higher quality 'sunshine-grown, hand-trimmed' product. An added benefit I see is a potential market for clones of popular strains at $7.00 to $15.00 per individual. The Mother Plant Room at the facility can produce large quantities of marketable clones, and we are already maintaining mother plants of highly desirable strains capable of producing large numbers of those clones."

Jason Wells, Production Manager, added, "Now that I am moving plants into the Ranger Series 2000 Greenhouses to begin flowering, I will commence the process of refilling the Nexus Greenhouse for a speedy eight to ten-week cycle of Indica Strains now being cloned by Dr. Janovec in the Mother Plant room. I am still amazed at the production capabilities of the Colorado Buffalo Ranch Facility I."

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 through its Staffing Program and other services offered to Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.

The site plan, grading plan, and phasing plan that was submitted by NuGro Industries, the landowner and developer, can be viewed on our website at:

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 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, 2015, and the quarterly statements filed in calendar year 2016, at

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.

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