PUEBLO, CO , Nov. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – SGD Holdings, Ltd. (OTC PINK: SGDH), a Lessor and Consultant in the Cannabis Industry in the State of Colorado, acting on behalf of Property Owner/Developer, NuGro Industries, Inc., has received the Approved Building Permit and engaged a Commercial General Contractor to begin renovation on a Retail Marijuana Dispensary in Walsenburg, Colorado.
Delmar Janovec, CEO, states, “After submitting all of the building plans and mechanical drawings to the Walsenburg Building Department, a Building Permit has been approved and issued. We feel very confident in our design choices and that we will be entering the retail distribution arena with a very modern and upscale dispensary.”
Janovec went on to say, “The new dispensary will be conveniently located at the Northern Walsenburg I-25 exit where our signage will be visible to approximately nine million plus 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 us the boost we need in opening our first retail dispensary.”
SGD Holdings, Ltd. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2017, and the quarterly statements filed in calendar year 2018, 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.