DENVER, CO -- January 11, 2017 -- InvestorsHub NewsWire -- Grow
Solutions Holdings, Inc. (OTCQB:
GRSO) (the "Company" or "Grow Solutions") a company involved in
the development and distribution of high demand products for
cultivation, processing and consumption of legal cannabis, today
issued the following special letter to shareholders from its
President, Jeffrey Beverly, to the shareholders of Grow
Solutions Holdings, Inc.:
2016 was a very exciting year for Grow Solutions and the
cannabis industry overall. After successfully introducing our model
in 2015 we saw our business plan validated as our 2015 revenues of
$2.7 million increased to $6.4 million for 2016, representing 137%
year over year growth, and exceeding our 2016 projections.
As we move forward in 2017, we expect to increase revenues
approximately 200% to approximately $20 million through organic
growth, launching of our new businesses and growth from
acquisitions planned for the year.
We believe the Company is well positioned to continue growing in
each of our verticals - supporting and benefiting from the growth
of the legal cannabis industry across the United States and
globally while remaining a company that does not "touch the
leaf".
The Year at Grow Solutions Holdings, Inc., a summary:
ONE LOVE GARDEN SUPPLY, LLC. ("One Love")
One Love, our wholly owned subsidiary, currently operates three
organic and hydroponic garden supply stores in Colorado. One Love
also sells products online through Amazon and eBay. One Love's
revenues more than doubled from the previous year, and we expect it
to grow at that rate in 2017. As we previously announced, One Love
has agreed to acquire two additional stores in Oregon and Florida.
These two stores did over $2 million in combined revenues in 2016
and consistent with the growth of our previous retail acquisitions,
we expect them to double in 2017.
We look forward to closing these acquisitions in the next 30
days. We also have plans to acquire multiple stores in strategic
locations nationally (Nevada, California, Mid-West, East Coast,
Texas), positioning One Love as a national brand for consumer and
commercial legal cannabis growers. One Love also plans to relaunch
its website in the first quarter of 2017 with a fully integrated
online store. We plan for this site to allow customers to place
orders, receive discounts and track orders for delivery.
In addition to the consumer facing site, we plan for the One
Love platform to support motivated sales reps to sell growing
supplies across the US and Canada. Ryan Clement, Executive Vice
President of Grow Solutions, believes there is "unlimited growth
opportunities for our One Love stores in 2017".
FUTURE TECH ("FT")
In the third quarter of 2016 we launched our retail products
division under the Future Tech brand. Future Tech designs
proprietary products for sale to accessory distributors, smoke
shops, dispensaries, head shops, and others in the industry. We
believe the divisions Roztek Equinox Rosin Press and other
proprietary products will continue to be well received in the
market. We expect sales in 2017 to exceed the $3 Million-dollar
mark.
For Roztek and a list of featured products please visit:
http://www.roztekofficial.com
"Future Tech is continuing to develop proprietary products that
service the cannabis customer," Joshua Wexler, Vice President of
Grow Solutions, commented, adding "Future Techs ability to quickly
develop and manufacturer quality products for the legal cannabis
consumer gives the company a competitive advantage."
Future Tech has plans to acquire a distributor in the space and
has begun the due diligence process.
FIVE SEASONS GREEHOUSE ("Five Seasons")
This past November we launched the Greenhouse brand in Las
Vegas. Five Seasons provides custom greenhouses to cannabis
growers. We believe greenhouses are one of the fastest growth
components of the nascent cannabis industry and are excited to be
in the greenhouse space as more states approve or expand cannabis
growth and sale for medicinal and adult use.
Five Seasons positioned itself to capitalize on this growth
opportunity while limiting capital risk exposure. Five Seasons
focuses on leveraging their expertise to develop deal flow and
expects to close its first two projects this quarter. Grow
Solutions expects Five Seasons to exceed $7 million in revenue in
2017.
JOBGROW ("JG")
In 2016, Grow also successfully partnered with recruiter.com to establish jobgrow.com. Recruiter.com is the worlds
largest online recruiter with over 3 million user members.
Recruiter.com believes the cannabis industry is one of the fastest
area of employment growth and that Jobgrow is perfectly situated to
capitalize on that growth.
Jobgrow is the first employment site for the legal cannabis
industry to partner with a mainstream employment website.
The subsidiary will enable employers, employees, and recruiters to
fill needed positions in the cannabis industry on line.
In addition to the recruiter functionality on the Jobgrow site,
Jobgrow is developing ground breaking functions that will expand
traffic and users to the Jobgrow site. Grow Solutions expects
jobgrow.com to launch at the end of the first
quarter.
GROW TECH ("GT")
Grow Solutions is fortunate to have brought together an
experienced team with knowledge in all areas of the legal cannabis
industry. The Grow Solutions team has been working with
manufacturing partners in Spain and China to develop our own line
of lights, nutrients, and other products used by growers in the
legal cannabis industry and we expect to launch these lines in the
third and fourth quarter of 2017. Our strategy is to develop and
brand our own proprietary products for sale through distributors,
and of course, our own One Love stores.
GROW CONSULTING ("GC")
Finally, the Grow Solutions team will also be leveraging their
experience to develop a consultancy team to assist others take
advantage of the enormous opportunities of cannabis legalization.
With eight more states legalizing or expanding cannabis in this
past election, the Companys expertise is in demand and Grow
Solutions is providing services to clients including, among others,
support with: licensing, growing, dispensary management, and
compliance.
Grow Solutions has been contacted by groups seeking licensing in
Arkansas, Pennsylvania and California in the past 30 days and
believes this division is well positioned to generate revenue in
2017 as the market expands across the country.
Our View on the Legal Cannabis Industry
Those of you who have had an opportunity to read my recent
editorials on MarketWatch and CNBC know that I am excited about the
opportunities in this business. For those of you that have not, I
invite you to take the time to see how we at Grow Solutions think
about this emerging sector:
MarketWatch: http://www.marketwatch.com/story/how-to-make-money-from-marijuana-without-evertouching-a-plant-2016-11-22
CNBC: http://www.cnbc.com/2016/12/19/why-pot-industry-will-keep-growing-under-trumpcommentary.html
The legal cannabis industry continues to grow at an amazing
rate. In November of 2016, eight states voted to approve or expand
their medical or adult use laws. California, Maine, Nevada and
Massachusetts approved adult use of cannabis, while Florida,
Arkansas, North Dakota and Montana approved or expanded medicinal
use of cannabis.
As Troy Dayton, CEO of Arcview recently stated: "You will not
find another multi-billion-dollar market growing at 25 percent
anywhere in the world that is not already filled with
multi-national companies and institutional investors. Thats part of
what makes the cannabis industry such a unique opportunity for
investors and entrepreneurs."
We could not agree more. Grow Solutions has gone from
model to revenue producing and we look forward to being in an
industry that allows us to exceed our projections.
In 2017 we plan to continue our campaign of aggressive expansion
nationwide. And as we begin 2017, I want to take a moment to thank
the Grow Solutions team for their great work this past year and to
thank each of you for your continued support.
Thank you,
Jeffrey Beverly
President, Grow Solutions Holdings, Inc.
http://www.growsolutionsinc.com
Grow Solutions Facebook Page: https://www.facebook.com/GrowSolGRSO
Grow Solutions Twitter Feed: https://twitter.com/GrowSolGRSO
Grow Solutions Stock Twits page: https://stocktwits.com/growinc
Jeff Beverlys Public Facebook Page: https://www.facebook.com/jeffwbeverly
Jeff Beverlys Public Twitter Feed: https://twitter.com/CannaExec
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 and services 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 companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys 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.
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Jeff Beverly, President
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(917) 780-2381
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