SOURCE: CannaGrow Holdings, Inc.

October 19, 2016 06:30 ET

CannaGrow Holdings Announces Launch of New Company Website

GREENWOOD VILLAGE, CO--(Marketwired - Oct 19, 2016) - CannaGrow Holdings, Inc., (OTC PINK: CGRW), -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announces the launch of their new website at http://www.cannagrowholdings.com.

Delmar Janovec, CEO, stated, "Now that the construction of the Buffalo Ranch Project I facility is completed and occupied by our first tenant, more time has become available to attend to other Company business. The launch of our new website is the first step in a process of branding CannaGrow Holdings as the "go to" team for all Cannabis projects in Colorado. We are currently working with a media expert to develop additional material to assist Category One Botanicals with their marketing needs for the upcoming harvest. The new website went live on October 14, 2016, and I would like to encourage our shareholders and other interested parties to visit http://www.cannagrowholdings.com to learn more about who we are and what we have to offer in the Cannabis Industry in Colorado."

Dr. John P. Janovec, Ph.D., COO of CannaGrow Holdings added, "The new CannaGrow Holdings website is a current snapshot of our collective vision and accomplishments as a viable company in the Legal Cannabis Industry in the State of Colorado. The diverse team of experts we have united along with our strategic alliance with Licensed Grower, Category One Botanicals, LLC, enables us to tackle a wide variety of challenges involving the business, construction, production, and compliance sides of the Cannabis Industry. We look forward to providing more real-time updates about our growing team and our achievements through our News & Blog pages."

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 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: 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. 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 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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