Grow Solutions Holdings Announces Plans to Expand its Grow Store Operations

NEW YORK, NY / ACCESSWIRE / November 1, 2016 / Grow Solutions Holdings, Inc. (OTCQB: GRSO) (the Company or Grow Solutions) a company involved in the development/distribution of high-demand products for cultivation, processing and consumption of cannabis, announced today it has executed a letter of intent to acquire West Coast Organic and Hydroponic Supply (WCO) in Boring, Oregon. The acquisition is a strategic addition to the Grow Solutions family of grow stores operating under its wholly-owned subsidiary, One Love Garden Supply. Upon completion of this acquisition, One Love will have a total of five stores; four retail and one online.

“Oregon is a thriving market for the legal cannabis industry and WCO is located in the heart of the growing community with over 50 licensed cannabis growers within a ten mile radius of the store,” stated Jeff Beverly, Chief Executive Officer of Grow Solutions. “With this acquisition and our current operations we are forecasting, on an unaudited basis, to exceed $10 million in revenue for the coming year in this division. Our three currently operating stores in Colorado are doing approximately $7 million on an annualized basis with roughly an additional $1.7 million for the online operation. The historical revenues at WCO are approximately $2 million giving us the total of over $10 million projected for 2017. In keeping with our aggressive expansion plans, we are completing our due diligence on additional acquisition targets nationwide and will announce those as developments occur,” continued Mr. Beverly.

About Grow Solutions Holdings, Inc.

Grow Solutions Holdings, Inc. is a holding company that is publicly traded on the OTCQB market, under the symbol “GRSO.” The Company is focused on the development/distribution of high-demand products for cultivation, processing and consumption of cannabis.

Safe Harbor for Forward-looking Statements

This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on managements current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission.

CONTACT:

Grow Solutions Holdings, Inc.
Jeff Beverly, President
(305) 479-8918

SOURCE: Grow Solutions Holdings, Inc.

ReleaseID: 448020