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Grow Condos and A Growers Resource Sign Representation Agreement

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EAGLE POINT, OR — (Marketwired) — 06/03/16 — Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol (OTC PINK: GRWC), which is a real estate purchaser, developer and manager of specific use industrial properties providing “condo” style turn-key grow facilities to support the cannabis industry. Grow Condos, Inc. is pleased to announce that it has signed a representation agreement with Veteran Owned and Operated A Growers Resource, a unique staffing solution company.

This agreement allows Grow Condos to be able to provide a unique staffing solution for our clients while providing an additional profit center for Grow Condos. One of the major issues and costs for Marijuana Growers is the supply of scalable staff that has gone through proper background checks, access to workers compensation and then at the same time providing a banking solution for its staff. This agreement will allow Grow Condos the ability to provide this solution for Grow Condos’ clients and customers while at the same time be able to access ancillary source of income. Under the terms of the agreement it calls for the company to make up to 20% of the income.

“This is a tremendous agreement for the company in that one of the biggest challenges for Growers is how to find a reliable source labor when it’s required. This relationship with A Growers Resource allows the company to provide a solution for our customers and participate in an additional source of income,” said Wayne Zallen, CEO Grow Condos, Inc.

“We are extremely excited and privileged to be able to participate with Grow Condo’s. We have already been working with the company referrals for the last year and excited to have formal agreement which we can now both build on,” said Russ Kamler.

About A Growers Resource Inc.

With access to over 10,000 employees and over $20 million in billings with over 50 years’ combined experience in recruiting, staffing, human resources, and payroll solutions, A Growers Resource understands the necessary processes and procedures that must be gone through in order to successfully place individuals for the interim and on a long-term basis. Although we are based out of Oregon, Alliance Growers Resource offers our services to cannabis businesses located nationwide. Our services allow marijuana companies to outsource the vital functions of a human resources department, including paperwork, tax requirements, and insurance. This saves the business time, capital and liability.

About Grow Condos, Inc.

Grow Condos is a fully reporting publicly traded company listed under the symbol GRWC: Pink Sheets. 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.

Additionally the company is currently an additional line of products and services to offer our partners, customers and tenants.

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

Source: Grow Condos, Inc.


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