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Grow Condos, Inc. Catches Wind in its Sails as ‘Smoke on the Water’ Builds Momentum This High Season in Lake Selma Oregon

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Park Enrichments Met with Pleasing Acceptance as Native American Culture Enhances Atmosphere

EAGLE POINT, OR–(Marketwired – Jun 21, 2017) – 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 Resort’s 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 country’s 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 it’s 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 Oregon’s strikingly beautiful landscape while also enabling its visitors to enjoy Oregon’s 420 Friendly privileges.

 

About Smoke on the Water Inc: Smoke on the Water, Inc. is Grow Condo’s wholly owned subsidiary, designed to capitalize on the country’s 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: 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 are 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

Source: Grow Condos, Inc.


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