SILVERDALE, Wash., Aug. 2, 2016 /Weed Wire/ — CGrowth Capital, Inc. (OTC Pink: CGRA) (the “Company”) is pleased to update investors on progress at its cannabis manufacturing facility. The Company first initiated an aggressive expansion for its tenant, Wildfire Cannabis Company, by creating a 50,000 sq. ft. outdoor growing space which is estimated to result in 25,000 sq. ft. of cannabis canopy (photos may be found on the Company’s Facebook page). Concurrently, the parties have entered into Phase II of development and are increasing the indoor grow to 210 lights in an effort to maximize year-round opportunity and increasing future lease revenues for the Company.
Additionally, the Company is working with engineers on a design build for a turnkey processing center for legal processors in Washington State. The facility is to include oil extraction machines, which the Company will bill according to their usage, adding new revenue streams for the Company. And finally, the Company’s subsidiary, Chewelah Properties, LLC, has completed improvements on holding tanks and commercial ADA bathrooms per the company’s SEPA, setting the stage for continued growth at the facility.
“Construction projects can be time consuming, but ultimately become the foundation for our success,” stated Bill Wright, CEO of CGrowth Capital, Inc. “The effort put in to complete these projects in an expedited manner will pay off considerably for both the Company and that of our tenant. Revenues in this sector may seem to start out slower when you are anxious for something to happen, but once they start they become a force that does not quit.”
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as an alternative asset management company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital’s services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, and dolomite to market. CGrowth Capital will focus on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words “anticipate,” “estimate,” “expect,” “intend,” “plans,” “projects,” and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.