DALLAS, June 21, 2017 /PRNewswire/ --
Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) today announced its real estate subsidiary, Grupo Resilient International Properties, Inc. has contracted to purchase a 31,800 sq. ft. office/warehouse facility for its cannabis Agri-Campus Headquarters in Dallas, Texas. The company plans to acquire and develop strategic real estate projects throughout Texas, as well as offering turnkey solutions and services to accommodate growers in the rapidly growing cannabis industry, in anticipation of Texas ultimately legalizing cannabis.
Gordon Johnson stated, "Placing these real estate bets on the prospects of legalization of Cannabis is not much different than wildcatting for oil, which has made many Texas gamblers super rich historically."
The turnkey solutions the company plans to offer if and when Cannabis is legalized will include grow benches, lighting, air filtration/circulation systems, irrigation, de-humidification systems, computerized control systems and CO2 injection.
This model has been successfully implemented in Washington, Oregon, Colorado and Arizona and other states like Illinois, New York and Vermont are currently preparing as we are. We believe combining an extremely experienced management team in a market 'as Big as Texas' with our First-Mover Advantage should give us a jump on all people entering the prospective Texas market if Cannabis is legalized.
The company is also moving forward with the previously announced a 3 for 1 forward stock split with a record date of June 25, 2017 set.
Forward Looking Statements:
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
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CEO - Paradise Ridge Hydrocarbons, Inc.
SOURCE Paradise Ridge Hydrocarbons, Inc.