GREENWOOD VILLAGE, CO--(Marketwired - Feb 9, 2017) - CannaGrow Holdings, Inc. (OTC PINK: CGRW), a Liaison and
Consultant providing turnkey solutions to licensed growers, announces the meeting of a major company benchmark as Licensed
Grower, Category One Botanicals, LLC, completes their first major harvest cycles and initiates marketing and distribution of
wholesale retail Marijuana products in the State of Colorado.
Dr. John P. Janovec, COO, stated, "As Facility Administrator, I am pleased to announce that Category One Botanicals has
completed the process of curing bulk product from the first two harvest cycles at Colorado Buffalo Ranch Facility I. Despite the
challenges we encountered, the Crew managed to pull off an impressive harvest of about 250 pounds of product that has been
divided into 'Buds' and 'Shake/Trim,' with another approximate 50 pounds of product being
harvested and processed this week. Mandatory potency and microbial contamination tests were conducted successfully, so the
storeroom is now stocked with packages now for wholesale distribution to licensed retailers in the State of Colorado. The potency
test results for the most prized strains range from around 15% to 22%, but the genetic catalog also includes strains with a high
CBD:THC ratio, something to preserve for future research and development. The diversity of fragrances
characterizing the hand-trimmed 'Buds' is remarkable, ranging from sweet-fruit-berry, citric,
and mint, to spicy-clove-black pepper, sweet-musky-skunk, and diesel. The best of the bulk
'Buds' will be distributed specifically to retail dispensaries, while the bulk
'Shake' will be sold to a Retail Marijuana Processing Facility for production of extracts
(oils, resins, waxes, etc.)."
Rod Clawson, Managing Member of Category One Botanicals, added, "Some days I find it hard to believe that we have come so far
in such a short time since initiating licensed operations in late July 2016. One would be hard pressed to find a team of such
high caliber as that found in the CannaGrow Holdings Staffing Program, combining literally over one hundred years of experience
in project development, construction, facility management, and botanical and horticultural sciences. As Managing Member of
Category One, I am now focused on executing a marketing strategy that is aimed at getting wholesale Marijuana products out the
door. Our first demo samples of strain-specific products are now in the process of being transferred to licensed retailers for
review and consideration based on current inventory and production schedules over the coming weeks-months. Those retailers
include small to large dispensaries, as well as a high-demand brand backed by a renowned icon in the world of modern music."
Shareholders and interested parties are encouraged to visit the CannaGrow Holdings Blog for more information and updates from
Colorado Buffalo Ranch Facility I (http://www.cannagrowholdings.com).
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity of providing
oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the Licensed Grower
for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from
Licensed Growers subleasing the Turnkey facilities being built to the specifications of CannaGrow COO, Dr. John P. Janovec, and
Consultant, Jason Wells.
About CannaGrow Holdings, Inc.:
CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to
licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this
business model within this industry as business opportunities evolve whereby providing for the highest return to its
shareholders.
CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell
marijuana or any substance that violate the laws of the United States of America.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for
December 31, 2015, and the quarterly statements filed in calendar year 2016, at: www.otcmarkets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually
contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that
involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for
significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities,
dependence on technological developments and protection of its intellectual property. The Company's actual results could differ
materially from those discussed herein.