SOURCE: Grow Condos, Inc.

Grow Condos, Inc.

June 24, 2016 06:00 ET

Grow Condos, Inc. Fulfills Elevated Standards and Reporting Requirements Raising Tier on OTCMarkets.com

EAGLE POINT, OR--(Marketwired - Jun 24, 2016) - Grow Condos, Inc. (OTCQB: GRWC), a fully reporting publicly traded company specialized in cannabis industry related "Condo" style real estate and turn-key grow facilities, is pleased to announce that the Company's corporate designation has been updated on the OTC Markets website, www.otcmarkets.com, to reflect its new tier level of OTCQB. The elevation has already been granted and the Company's new distinction is already currently reflected.

"In light of our commitment to transparency, we believe that it is in the best interest of our shareholders to move up to the more notable OTCQB, where our Company will have greater visibility before a larger group of investors. We are excited to be moving in this direction, and believe that our shareholders will benefit greatly from these results," said Joann Cleckner, CFO.

OTCQB Key Highlights

  • Companies are current in their reporting to a U.S. regulator or are listed on a qualified international stock exchange
  • Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion
  • Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete
  • Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding
  • Greater information availability for investors through the OTC Disclosure & News Service
  • Transparent prices for investors through full-depth of book with Real Time Level 2 quotes

About: Grow Condos, Inc.: Grow Condos is a fully reporting publicly traded company listed under the symbol GRWC: OTCQB. It is a real estate purchaser, developer & manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry. We own, lease, sell and manage multi-tenant properties.

Like during the Gold Rush days in California, Grow Condos is focused on a pick-and-shovel approach to participating in the exploding marijuana industry. We finance the purchase and/or development of properties by offering to investors private placement sponsorships, debt instruments, or limited partnerships. We believe there is a significant investor demand for such opportunities. Currently we own and manage a 15,000 square foot warehouse in Eagle Point, Oregon, own and developing a property in Eugene Oregon and are currently looking into other acquisitions in Oregon, Colorado, Washington, California and Nevada with like-minded investors who want to share in the growth of this dynamic new industry.

Safe Harbor: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Grow Condos, Inc, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Condos, Inc. ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Grow Condos, Inc. filings with the OTC Markets, Securities and Exchange Commission and/or the company's website.

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