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EAGLE POINT, Ore., Aug. 28, 2018 (GLOBE NEWSWIRE) -- Grow Condos, Inc. (OTCPK:GRWC) announced a rebranding today. With the GRWC ticker remaining intact, the official name of the company is now Grow Capital Inc.
“We have been watching the landscape of the industry change and with that, we must also transform,” said CEO Jonathan Bonnette. “Our future is more expansive than the condo name suggested. Grow Capital Inc. fits our mission to bring not only real estate solutions, but also the best technology and financial services solutions to the grow industry and beyond.”
The GRWC ticker will remain intact so current and new investors will easily find it in their portfolios.
“The board is thrilled that we’re moving quickly on our long-term goals,” said board Chairman Wayne Zallen. “GRWC was always more than real estate, now we can communicate effectively with a name that fits us.”
Grow Capital Inc. will continue to provide turn-key grow spaces to clients and recently completed round one of Bonnette’s investment strategy by raising private capital to pay off the company’s flagship property located at 722 W. Dutton Road, Eagle Point, Oregon - currently a fully occupied grow space.
Grow Capital Inc. hosted a shareholder meeting Friday, August 24th in Henderson, Nevada where the updated name was formally announced. The meeting also covered recent actions and immediate plans for the future.
A memo summarizing the meeting will be released Tuesday, August 28th.
Grow Capital Inc. encourages investors and potential investors visit our website often. As we grow into the future we are committed to maintaining transparency and keeping the public informed.
About Grow Capital Inc.: Grow Capital Inc. is a publicly traded company listed under the symbol GRWC. Formerly Grow Condos, we own and manage a 15,000-square foot secure, turn-key warehouse in Eagle Point, Oregon where growers lease space; the Smoke On The Water 420 friendly campground located in Lake Selmac, Oregon; a property in Eugene, Oregon; and are expanding into providing the best professional technology and financial services support for growers and beyond.
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 Capital Investments 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 Capital Investments 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 Capital Investments filings with the OTC Markets, Securitie s and Exchange Commission and/or the company's website.