CENTENNIAL, CO–(Marketwired – May 21, 2015) – CannaGrow Holdings, Inc., (OTC PINK: CGRW), — A Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado project.
Mr. Janovec, CannaGrow Holdings, CEO, comments, “On May 12, 2015 the Huerfano County Board of County Commissioners unanimously approved NuGro Industries’ amended Land Use Application (LUA) No. 15-001. On May 20, 2015 a Conditional Use Permit (CUP) was signed and issued to NuGro Industries. This CUP allows for the commercial cultivation of Marijuana on Colorado Buffalo Ranch Filing No. 5-Lot 61, by a licensed Grower that is certified by the State.
“CannaGrow Holdings, Inc. has signed a 5 year lease agreement with options for multiple year extensions on 20 acres encompassed under this Conditional Use Permit. In the lease contract, NuGro has agreed to build a State of the Art Cultivation Facility that will include a Five Phase build out while providing all of the developmental costs for the site plans, site work, utilities, and structures.”
Delmar Janovec, then added, “The team of experts and consultants assembled and managed by CannaGrow Holdings has worked tirelessly on this project. Our efforts have not only paid off for the Buffalo Ranch Filing No. 5-Project, we have now attracted the attention of others in the industry as to the ability of CannaGrow Holdings to bring together a team that can plan, manage, and complete the processing of Land Use Applications.
“Now that the CUP has been issued, it is time to start with the Bennett Road improvements, the site grading, and preparation work for the building foundations. The time-line to finish the preparatory work should coincide with the approval of the Supplemental Substitute Water Supply Plan (SSWSP) now under review by the State. Once Bennett Road improvements are completed and the SSWSP is in hand, NuGro can then submit the shop drawings for the Nexus Greenhouse and the Olympia Steel Building structures for the issuance of the Building Permits for Phase I & II.