SGD Holdings, Ltd. Announces Tenant at the Walsenburg Retail Recreational Dispensary Receives Licensing Approval from the Colorado MED Board and the City of Walsenburg
PUEBLO, CO, Oct. 22, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – SGD Holdings, Ltd. (OTC PINK: SGDH), a Lessor, Consultant, and Property Manager in the Cannabis Industry in the State of Colorado, has signed a long-term sublease with a tenant for a Retail Marijuana Dispensary in Walsenburg, Colorado. The Tenant, C1B True Organics, has been approved by both the Colorado State MED Board and the Walsenburg City Council to begin operations upon receipt of the Certificate of OccupancyDelmar Janovec, CEO, states, “With the State and City Approval of the C1B True Organics retail license we will be concentrating all our efforts on completing renovations at the Retail Store. We expect to see the final inspections and the issuance of the Certificate of Occupancy by the end of the 4th quarter. Janovec went on to say, “The new dispensary is conveniently located at the Northern Walsenburg I-25 exit at 601 Hwy 85/87 where our signage will be visible to approximately nine million vehicles a year. We feel that the local traffic of approximately one million five hundred thousand vehicles passing directly in front of the retail location each year will create exposure that will certainly give C1B True Organics the boost needed for the successful opening of our first retail dispensary sub-lease.” Dr. John P. Janovec, Managing Principal of C1B True Organics, added, “It has been a pleasure to work with the management of SGD Holdings during the renovations and I look forward to bringing “Top Shelf” product to the local area. The C1B True Organics Retail Dispensary will feature product grown organically in living soils in the Colorado sunshine at the Category One Botanicals Buffalo Ranch facilities. As the future of the Cannabis Industry unfolds, vertical integration and product branding will be imperative. The C1B True Organics Retail Store in Walsenburg will be the flagship location to launch the Category One Botanicals Brand.”SGD Holdings, Ltd. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2018, and the quarterly statements filed in calendar year 2019, at: www.otcmarkets.com.Forward-Looking Statements: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from acquisitions or actions in development, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes and delays in plans and schedules, or market acceptance. SGD Holdings, Ltd. undertakes no duty to update these forward-looking statements. Contact:SGD Holdings, Ltd.Investor RelationsDelmar Janovec sgdhinfo@gmail.com
