Grow Condos ( GRWC : OTCQB ) is the world’s first publicly-listed real estate company dedicated exclusively to the Cannabis industry. We own, develop and manages industrial properties with the stated mission of enabling and enhancing the cultivation of Cannabis growers. We also outfit these growers along with supplying them with a unique advisory and consulting services.
Grow Condos (OTCQB: GRWC) is the world’s first publicly-traded real estate company, dedicated exclusively to serving the Cannabis industry. We own, develop, and manage industrial multi-tenant properties designed to function as high tech harvesting facilities. It’s our mission to deliver turn-key cultivation operations fortified with a full spectrum of services from customized housing and staffing to expert advisory and consulting services.
Industry Highlights
Right now, it’s estimated that the U.S. cannabis consumer market for legalized recreational and medicinal use was $4.4 billion in 2015 and in all likelihood will grow to $9.5 billion in 2019. Once legalized federally, it’s estimated this market will grow to $37 billion within 5 years and $50 billion within 10 years.
Cannabinoid therapeutic applications have been identified for more than 40 medical conditions including arthritis, cancer, chronic pain, epilepsy, glaucoma and HIV/ AIDS and that it’s believed that the future cannabinoid-based pharmaceuticals market may ultimately exceed $50 billion.
That industry experts believe that with the states increasingly accepting Marijuana; that federal legalization is not a question of if but rather when. Just like it all happened with lift prohibition in in the 1920’s. It’s time has come.
According to a new report cited on Fortune.com, recently released by a leading marijuana industry investment and research firm, legal cannabis sales have jumped 17%, to $5.4 billion, in 2015, and they will grow by a whopping 25% this year to reach $6.7 billion in total U.S. sales. Although these estimates sound robust to date, consideration is given to the fact that markets are anticipated to be continually opening as legislation passes.
Forward looking projections reveal that the legal cannabis market can see a whopping $21.8 billion in total annual sales by 2020, which would boast growth so striking that, at that point, the legal marijuana market would exceed the current revenues of the National Football League.
Four states, plus Washington, D.C., have recently legalized recreational pot, and Colorado and Washington are already raking in millions of dollars in tax revenue from their legal markets. Based on Fortune’s prediction for 2016, several more states could join the party this year. Initiatives to land marijuana legalization on 2016 ballots are well underway in Arizona, California, Maine, Massachusetts, Michigan, and Nevada, while a handful of other states could also put legalization to a vote.
Cannabinoid therapeutic applications have been acknowledged as having beneficial attributes, potentially providing relief for over 40 medical conditions including arthritis, cancer, chronic pain, epilepsy, glaucoma and HIV/ AIDS and that it’s believed that the future cannabinoid-based pharmaceuticals market may ultimately exceed $50 billion.
According to a recent Huffington Post publication, there have been tens of thousands of scientific papers published with over 8,000 human test subjects that have been part of published controlled clinical studies with cannabis and cannabinoids proving their effectiveness in treating ailments with symptoms such as chronic pain, anxiety, depressed mood, nausea, loss of appetite, and spasms. According to these studies, results also included reduced inflammation, quieting of seizures, and many other exciting potential benefits such as controlling cancers, fighting infections, diabetes, and autoimmune diseases, and yes, learning how to relax.
Industry experts believe that with Marijuana’s evolving state acceptance, that federal legalization is not a question of probability but rather of timing. Widely esteemed as one of the greatest of French writers, Victor Hugo once remarked: “You can resist an invading army; you cannot resist an idea whose time has come.” Just as it was with the lifting of alcohol prohibition in the 1920’s, we believe we stand at the threshold of a new age for this budding industry, and Grow Condos in our creation of a real-estate niche, intends to establish a solid foothold right at the forefront of this growing marketplace.
The Company
Our company is taking a very unique approach to this explosive industry. Its very similar to the "Pick and Shovel approach that was used back in the Gold Rush and the Great Land Grab of the Unites States. We believe the greatest opportunities and leverage are not in the Marijuana per sa but rather in the supplying the industry itself. And that, the greatest and most profitable opportunities will be in Real Estate, Education and Advisory Services.
Already, right now our company owns and operates our first 10 unit facility based in Medford Oregon. This initial complex is already fully rented out with a long waiting list. This initial first facility is where the initial inception of Grow Condo’s was initially developed was when we discovered just how much that tenants were passionate with their units and how willing they are to spend big money on leasehold improvements and on
customizing their individual units in order to fulfill that passion. It was then when we discovered we wanted to be in the business of helping marijuana industry professionals fulfill their passion and make real estate the cornerstone and backbone of the Grow Condo’s business model.
Grow Condo’s itself can be broken down into 3 main revenue prongs
- Real Estate
- Education and Advisory
- Ancillary Services
On the Real Estate side we recently closed on our second facility based in Eugene Oregon and are beginning to implement the second phase of our model. The Eugene property calls for a much larger development of 5 buildings and 37 units total. While unit is estimated to be sold for $150,000 to $175,000 per empty shell we believe that typical spends can reach up to $400,000 when you add lighting, shelves, engineering etc.
Management believes there is a tremendous opportunity to build out a national footprint across the USA for this formula as more and more states make Marijuana legal
Grow Condos is taking an innovative approach to this explosive industry. In likeness to the "Pick and Shovel” method that was mobilized back in the Gold Rush and the Great Land Grab eras, the Company seeks to establish itself where capitalization can be realized through the facilitating of resources to successfully create an abundant supply.
We believe that the greatest opportunities and leverage prospects in this industry are not in the Marijuana per se’, but rather in the supplying of product to the industry itself. Upon diligent market research, we have discovered that the greatest and most profitable opportunities will be in Real Estate, Education, and Advisory Services.
Currently, Grow Condos owns and is operating the Company’s first 10-unit facility based in Medford Oregon. This initial complex is already fully occupied, with an extensive rental wait list pending. This initial facility is where the Grow Condo’s vision was brought to life.
Upon discovery of just how much passion cannabis entrepreneurs bring to this industry, and how much capital is readily available for customization and the optimization of harvesting operations, it became immediately apparent that the market for custom-made real estate could strongly thrive.
It was at this pinnacle that we realized we had a winning concept. We have dedicated ourselves to the development of a strategy to empower marijuana industry professionals, enabling them to fulfil their passion, making real estate the fundamental cornerstone and backbone of the Grow Condo’s business model.
