CGrowth Capital, Inc. Updates Shareholders on Licensing Process with Wildfire Cannabis Company and Provides Legal Update from Washington State

SILVERDALE, WA / ACCESSWIRE / April 28, 2015 / CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the “Company”) is pleased to announce that the Washington State Liquor Control Board (“LCB”) has provided Wildfire Cannabis Company, LLC (the Company’s “Lessee”) with its initial thumbs up on the Company owned site location and indicated that “(they) may proceed with (the) location.” Additionally, the Lessee has scheduled its interview with the LCB to further review the site and license on May 1, 2015. The initial information from the LCB is a positive response for the Company, knowing that the site can support the current group and additional operations. Per Washington statutes, a property can host up to three Tier 3 marijuana operations.

In a move expected by many, Washington Governor Jay Inslee signed Senate Bill 5052 into law over the weekend. The law is aimed at folding in the unregulated medical marijuana industry into the controlled recreational market. The law is scheduled to go into effect July 1, 2016 and is expected to result in more business being driven to the licensed Retail establishments that get their products from the Producer/Processors, according to those involved in the industry.

As a licensed Tier 3 marijuana producer and licensed processor, Wildfire Cannabis Company is currently qualified to manage between 10,000 square feet to 30,000 square feet of marijuana plant production, as well as additional processing within Washington State (the largest available license). A marijuana producer license allows the licensee to produce, harvest, trim, dry, cure, and package marijuana into lots for sale at wholesale to marijuana processor licensees and to other marijuana producer licensees. A marijuana producer can also produce and sell marijuana plants, seeds, and plant tissue culture to other marijuana producer licensees. Furthermore, as a marijuana processor license holder, Wildfire Cannabis Company is also allowed to process, package, and label usable marijuana and marijuana-infused products for sale at wholesale to marijuana retailers throughout the state, including Company properties. The lease is contingent on Wildfire Cannabis Company obtaining complete legal funding, and on Washington State approval of the final business plan.

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, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations. Through wholly owned subsidiaries, the Company has begun to strategically leverage assets for maximum value within the legally developing cannabis industry currently underway in Washington State.

For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com.

Investor Inquiries:

CGrowth Capital, Inc.
888-218-2472

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.

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