CannaGrow Holdings Analyst Report Issued by BrokerBank Securities: Price Increases as Initial Approval of Cannabis Greenhouse is Granted
NEW YORK, Jan. 12, 2015 /PRNewswire/ -- CannaGrow Holdings Inc. (OTCBB: CGRW) operating out of Centennial, CO provides consulting, liaison, and "turn-key" solutions to licensed growers based in the Colorado area. The company intends to use its expertise to provide facilities for licensed growers as well as consulting services for the marijuana industry. The company leverages its business model in order to carve out an area in the industry, by which they will be able to develop a strong foothold in the fledging medical/recreational marijuana industry. As stated in their CGRW- Officer/Director disclosure under Section 6, Paragraph 3:
"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."
As of January 7th, 2015 the company has been granted initial approval from the Huerfano County Planning Commission for their Industries Land Use Application (LUA) after conditional contingent requirements are met. There is a tentative meeting scheduled for February 4th, 2015 where the County Commissioner will make a final review and approval of the project. Once the LUA has been approved phase-1 of the 5 phase Buffalo Ranch Project, a 30,000 sq. foot growing area can begin.
A report as well analysis of CannaGrow Holdings Inc. financials and market position can be viewed by clicking the link below. There is no cost obligation to view the analyst report.
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