Park Enrichments Met with Pleasing Acceptance as Native American
Culture Enhances Atmosphere
EAGLE POINT, OR - June 21, 2017 - InvestorsHub NewsWire - Grow
Condos, Inc. (OTCQB:
GRWC), a fully reporting publicly traded company specialized in
cannabis branded real-estate property and turn-key grow facilities,
Is pleased to announce today that Smoke on the Water at Lake Selmac
undergoes a series of modifications and culturally diverse
upgrades, that the sentiment among patrons has brought growing
excitement to Management this high season as the Resort continues
incorporating enjoyable amenities and added value services.
As of this past week, the Resorts Native American culturally
rich section has received delivery of its Tee-Pees, and begun
development on a territorial conversion to a very tasteful and
authentic Native American tribal themed area. This culturally rich
sector of the park will be enhanced with Tee-Pee style
accommodations, Yoga and other spiritually enhancing activities
throughout the day, and astrology and celestial centered nightly
events.
Further exciting amenities will be announced as the park
concludes development. Slated projects include the incorporation of
Yoga classes along with other spiritually enhancing activities
throughout the day, and astrology and celestial centered nightly
events. Theater Night on the Water is another event on schedule by
which visitors will be able to experience movie viewing on a
floating screen while enjoying a peaceful night on the lake,
stargazing, and much more.
Pleased with the consensus from local campers and traveling
vacationers thus-far, the Company moves forward with exceeding
confidence. Chief Executive Officer, Wayne Zallen stated: The
concept that the Smoke on the Water brings to the table is proving
to be a unique and successful business model entirely suitable for
an advantageous roll-up acquisition opportunity The RV and
Campground sector of the Real-Estate industry is an almost wholly
exclusive niche in the industry that we are very gratified to have
discovered.
Designed to cater to and capitalize on the countrys continually
growing level of recreational marijuana acceptance, Smoke on the
Water has launched its own roll up development strategy, and
started on a trajectory to duplicate its success. Management
believes that these establishments can be purchased for 4 to 7
times EBITA, then converted into culturally themed Cannabis
Friendly destinations, creating a greater industry presence with a
growing multiple of franchise themed locations. Management has
concluded that this strategy will support the targeted growth of
this division, advancing each sector with a singular focus on the
development of a strong foothold in each niche market.
According to popular opinion, it has been revealed that relaxed
marijuana laws are a powerful motivator for tourists, since
technically its not yet permissible to smoke in National and State
Parks. Nature lovers and relaxation seekers alike benefit and
thrive with the wide spectrum of activities that are available,
such as hiking, fishing, swimming, boating, and other nature-rich
recreational features. This has opened a very lucrative niche
opportunity for smaller, privately owned properties that can offer
the freedom of experiencing Oregons strikingly beautiful landscape
while also enabling its visitors to enjoy Oregons 420 Friendly
privileges.
About Smoke on the Water Inc: Smoke on the Water, Inc. is Grow Condos wholly owned
subsidiary, designed to capitalize on the countrys growing level of
recreational marijuana acceptance. The company plans to engage in a
roll up strategy for this highly-fragmented industry and provide
turn-key solutions for Marijuana-friendly campgrounds and resorts.
The company has strategized to initially develop the property
through acquisition, subsequently rebranding the existing RV
business to represent the Smoke on The Water brand. Upon project
launch, the Company plans to provide fully functional vacationing
solutions to campground operators and owners seeking to fill the
growing demand for stress free and acceptable vacationing for the
pro-personal choice and marijuana smoking community. For more
information, visit: www.smokeonthewater.club
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.
CONTACT:
Grow Condos, Inc.
Corporate: www.growcondos.com
Facebook: https://www.facebook.com/GrowCondosInc
Twitter: https://twitter.com/GrowCondosInc
Investor Relations: ir@growcondos.com
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