GROW CONDOS, INC. (OTCMKTS:GRWC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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wholly-owned subsidiary Smoke on the Water, Inc. executed a Real
Estate Purchase Agreement to acquire the Lake Selmac Resort
located at 2700 Lakeshore Drive, Selma, Oregon. The Company
agreed to acquire the property for a purchase price of $875,000
consisting of a seller financing note in the amount of $625,000
and 50,000 shares of the Company’s common stock.
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Exhibit No.
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Description
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99.1
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Press release on the purchase of the Lake Selmac Resort
dated March 13, 2017. |
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About GROW CONDOS, INC. (OTCMKTS:GRWC)
Grow Condos, Inc. is a real estate purchaser, developer and manager of specific use industrial properties. The Company, through its subsidiary, WCS Enterprises, LLC, is engaged in providing Condo style turnkey grow facilities to support cannabis growers in the United States cannabis industry. The Company owns, leases, sells and manages multi-tenant properties. The Company offers tenants the option to lease, lease to purchase or buy their condo warehouse space that is divided into comparable 1,500-2,500 square foot condominium units. It develops, leases, owns and provides investment sales opportunities for commercial industrial properties focused in the cannabis production arena. In addition to its Condo turnkey growing facilities, the Company intends to provide marijuana grow consulting services, and equipment and supplies as part of its turnkey offerings. The Company is exploring acquisition opportunities in Oregon, Colorado, Washington, California and Nevada. GROW CONDOS, INC. (OTCMKTS:GRWC) Recent Trading Information
GROW CONDOS, INC. (OTCMKTS:GRWC) closed its last trading session up +0.023 at 0.993 with 53,419 shares trading hands.