Miami, FL – November 14, 2018 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on 420 Property Management, Inc. (OTC Pink: FTPM).
420 Property Management, Inc. engages in real estate development and property management activities in the cannabis and hemp industry. The company acquires strategically zoned, high traffic commercial corridors, and prime agricultural properties for the cannabis, hemp, and legal marijuana industries. It also manages and leases a portfolio of agricultural, retail, commercial, and industrial properties in California; and acquires, develops, manages construction, markets, and leases retail, commercial and agricultural revenue-producing properties for the cannabis, hemp, and legal marijuana industry use. In addition, the company provides machinery, tools, and infrastructure for cannabis, hemp, and marijuana industries.
Average daily volume for FTPM is 4 million shares. Today’s news has caused the volume to increase to over 280 million shares in the morning hours of trading.
420 Property Management, Inc. Press Release:
Carlsbad, CA, Nov. 14, 2018 (GLOBE NEWSWIRE) — 420 Property Management (FTPM), a leading provider of strategic real estate investment and grow facilities announced today that it has agreed to purchase 52% ownership in Cannabis Grow Land, LLC, a Colorado recreational cannabis license holder.
420 Property Management will be Pink Current with the OTC Markets within the next two weeks. All filings are currently being processed by our legal team.
Norman J. Payton, CEO of 420 Property Management., said, “This has always made a lot sense to me, I’m very happy about this deal. Currently the company has 400+- lbs. curing on the site and ready to be sold from the previous crop worth somewhere between $1,000,000-$1,600,000. Getting this license is very strong for FTPM because it finally allows us to begin booking revenue, and I know the shareholders have been waiting for this for a long time. It also puts us in a fairly unique position where, if I’m not mistaken, we may well be the first public company to have a license in the recreational grow market in the entire United States of America. So, this is big news!”
The license is currently a Tier II grow license which allows 80,000 sq. ft. of outdoor grow. This means that we can have 100,000 sq. ft. of flowering plants at any one time. Which also means the company can be vegging and cloning separate from that designated flowering space which gives us a fantastic opportunity to cycle a large amount of marijuana throughout the year.
The company will begin the process of transferring the license immediately which could take a few weeks to accomplish as background checks via fingerprints and the like need to be taken and approved.
About 420 Property Management
420 Property Management LLC is a diversified real estate development and property management company with a focus on the burgeoning hemp, cannabis, medical and legal marijuana industries. Through three integrated operating subsidiaries, 420 manages the full life cycle of real estate investment and property management in the cannabis and hemp industry. From acquisition of zoned agricultural land and commercial properties, to construction and development of technologically advanced cultivation, commercial and agricultural projects; to managing leaseable commercial and retail sites.
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This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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