SILVERDALE, WA / ACCESSWIRE / May 18, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that
Wildfire Cannabis Company ("Wildfire"), the Company's Tier 3 cannabis producing tenant, has successfully passed their Final
Inspection with the Washington State Liquor Cannabis Board ("LCB"). With this milestone, Wildfire will now move to finalize Phase I
of the development and begin plant production in the days to come. The status change means revenues are imminent for the Company,
who will concurrently begin Phase II of the buildout and production with Wildfire to include additional outdoor grow
operations.
Robert Foster, Manager/Owner of Wildfire Cannabis Company stated, "We are very appreciative of CGrowth Capital's patience
through this tedious process of requirements set forth by Washington State to grow cannabis legally. For CGrowth to have the open
minded business savviness of purchasing an old industrial facility and then looking to the future and bringing it new life in such
a lucrative way is to be commended. We could not have gotten to this point without them and the future potential for all of us is
now unlimited."
The Company previously announced approvals by Stevens County and the state of Washington for the legalized production and
processing of cannabis at the Company's Chewelah facility. Based on the current infrastructures and approvals, the Company is
working on the initial 90,000 square feet of canopy space and is working towards doubling its capacity during the year for a total
of six (6) licensed tenants (there are currently three (3) tenants under contact). Under the Company's turnkey lease terms, the
rental potential is in excess of $2,000,000 annually.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as a holding company for businesses and assets focused on all aspects of
mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock
extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through
processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners
with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, and other commodities to market.
CGrowth Capital will focus on acquiring or land assets, while also providing partners and affiliates with management services,
capital, contract management and logistical services necessary for the successful execution of operations.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital http://www.CGrowthCapitalBond.com
Investor Inquiries:
CGrowth Capital, Inc. 360-536-4500
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts,
are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that
such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating
to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information
currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and
pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking
statements.
SOURCE: CGrowth Capital, Inc.
