Mountain High Discusses Acquisition of Isabelle Property With One of Colorado's Largest Greenhouse Marijuana Grow Operations
21 Marzo 2014 - 4:20AM
Marketwired
Mountain High Discusses Acquisition of Isabelle Property With One
of Colorado's Largest Greenhouse Marijuana Grow Operations
DENVER, CO--(Marketwired - Mar 21, 2014) - Mountain High
Acquisitions Corp. (OTCQB: MYHI) ("Mountain High" or the
"Company"), a strategic real estate holding company whose primary
focus is the acquisition and development of commercial properties
in the marijuana sector, is pleased to provide this detailed
description of the Isabelle Property, a property licensed by the
State of Colorado and the respective municipal authorities for the
cultivation of marijuana.
Through its wholly-owned subsidiary, Canna-Life Corp., Mountain
High holds an option to purchase nine (9) acres of land common
known as the "Isabelle Property" located at 10452 Isabelle Road,
Lafayette, Colorado 80026.
Since October 2012, the primary tenant at the Isabelle Property
has been one of the largest greenhouse marijuana grow facilities in
the State of Colorado, with a total of 42,000 sq./ft. under roof
(approx. 1 acre). The advanced marijuana cultivation operation at
the Isabelle Property utilizes proprietary techniques to grow over
50 specific strains of marijuana for medical and recreation use.
The current operation can produce in excess of 5,000 lbs. of
marijuana annually over approximately ten separate harvests. At
current medical marijuana wholesale pricing, the tenant/grower can
generate in excess of $10,000,000 in annualized gross revenues. The
tenant/grower anticipates significant topline revenue growth
following near-term completion of regulatory inspections on
property improvements made to accommodate the tenant's planned
entry into retail and recreational marijuana sales where pricing is
approximately double current rates.
"The marijuana cultivation business at our Isabelle Property is
one of the undisputed crown jewels of the booming marijuana sector
in Colorado," stated Mr. Alan Smith, President of Mountain High
Acquisitions Corp. "Isabelle's established reputation, massive
size, ideal location, and our surrounding eight acres of land, make
it an ideal site for future improvements."
In addition to premium lease revenues from the Isabelle
Property, the Company anticipates generating additional
complementary revenue streams related to its position as landlord
and primary services provider.
Mr. Smith concluded, "I look forward to working closely with our
long-term tenant to improve, develop, and maintain the Isabelle
Property as a one of the leading and most advanced greenhouse
marijuana growing facilities in the State of Colorado."
About Mountain High Acquisitions Corp. (MYHI)
Mountain High Acquisitions Corp. is a strategic real estate
holding company whose primary focus is the acquisition and
development of commercial properties to be leased and utilized by
the marijuana industry. Mountain High's current portfolio includes
three Colorado properties zoned for commercial marijuana
cultivation: Isabelle, Madison, and Pueblo.
Disclaimer/Safe Harbor: This Mountain High Acquisitions Corp.
news release contains forward-looking statements within the meaning
of the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include failure
to meet schedule or performance requirements of the Company's
contracts, the Company's liquidity position, the Company's ability
to obtain new contracts, the emergence of competitors with greater
financial resources and the impact of competitive pricing. In the
light of these uncertainties, the forward-looking events referred
to in this release might not occur as planned or at all. The
Company does not and will not grow, harvest, distribute, or sell
cannabis or any substances that violate United States law or the
Controlled Substances Act, nor does it intend to do so in the
future.
Investor/Media Contact: Mountain High Acquisitions Corp. --
Investor Relations (844) 686-0420
(Toll-free) E-mail: Email Contact Website:
www.mountainhighac.com
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