SOURCE: CannaGrow Holdings, Inc.

August 04, 2015 06:30 ET

CannaGrow Holdings Announces Delivery of 3200 sq. ft. Head-House Building

CENTENNIAL, CO--(Marketwired - Aug 4, 2015) - CannaGrow Holdings, Inc., (OTC PINK: CGRW), -- A Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado Buffalo Ranch filing No. 5-Project.

Mr. Janovec, CannaGrow Holdings, CEO, states, "On January 13, 2015 the Company announced that a Purchase Order for the 3200 sq. ft. Head-House facility had been submitted and a 25% non-refundable deposit paid to Olympia Steel Buildings, www.olympiabuildings.com. The Head-House Building has now been fully paid for and on July 31, 2015, the girts, purlins, roof and wall panels, ridge caps, doors, and misc. building materials for the construction of the Commercial Grade Steel Building were delivered to the Materials Yard of Latcon Corp., the State Licensed General Contractor retained to oversee the construction process of NuGro Industries Colorado Buffalo Ranch Filing No.5-Lot 61-Project Grow Facility."

Janovec went on to say, "The Head-House building is approximately 3,200 sq. ft. in size and will function as the central or main facility where the majority of the daily administrative and operational tasks are completed each day. The Head-House is being built to the exact specifications of Dr. John P. Janovec, and Jason Wells, consultant, and will consist of a main office area for management, Lab areas, Propagation and Mother Plant rooms, a Drying room, Receiving/Storage areas, and warehouse/working areas. The Head-house building will also serve as a main access-way to the Nexus Greenhouses and the Hoop-houses.

CannaGrow Holdings will continue in its capacity as the Liaison and Representative for NuGro Industries working with various contractors to see the Multi-Phase project through to finished facilities. The completion of this Project will allow CannaGrow to begin generating revenues from the licensed Growers that will be sub-leasing the Turnkey Growing facilities that is being built to our specifications."

The actual site, grading, and phasing plan, and the Head-house structure, 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, 2014, and the quarterly statements filed in calendar year 2015, 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.

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