SOURCE: Grow Condos, Inc.

Grow Condos, Inc.

June 15, 2016 06:00 ET

Grow Condos Partners With CAN LEASE for Its Turn-Key Leasing

EAGLE POINT, OR--(Marketwired - Jun 15, 2016) - Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol (OTC PINK: GRWC). Grow Condos, Inc. is a real estate purchaser, developer and manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry. Grow Condos, Inc. is pleased to announce that it has aligned with CAN LEASE, LLC to partner in providing equipment leases for equipment sales.

This association allows Grow Condos to provide another unique solution for our clients while potentially providing an additional profit center for Grow Condos. One of the major issues and for marijuana growers is reliable access to expansion capital for equipment (lighting, structural components, irrigation). CAN LEASE, LLC is a specialist in this area and has tailored its business specifically to the marijuana industry allowing them to be the "best of breed" solution to marijuana businesses. 

"CAN LEASE can be a great opportunity for the company in that one of the biggest challenges for growers is how to find a reliable source of expansion capital when it's required. This relationship allows the company to provide a solution for our customers and participate in an additional source of income in providing a one stop solution for them," said Wayne Zallen, CEO Grow Condos, Inc.  

"We are extremely excited and privileged to be able to participate with the Grow Condo's roll out of their complex at Nuggetville as well additional projects," said Gene Tully for CAN LEASE, LLC.

About: CAN LEASE, LLC
Based in Lakewood Ranch Fl. (www.canleases.com), CAN LEASE specializes in the financing needs of the cannabis industry. They provide unique solutions specifically tailored to each client allowing CAN LEASE, LLC to become an industry leader to the marijuana industry.

About: Grow Condos, Inc.
Grow Condos is a fully reporting publicly traded company listed under the symbol GRWC: Pink Sheets. 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.

Additionally the company is currently an additional line of products and services to offer our partners, customers and tenants.

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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