Mountain High Reports Latest Marijuana Harvest at Optioned Isabelle Property Increases Over 400%
29 Abril 2014 - 5:20AM
Marketwired
Mountain High Reports Latest Marijuana Harvest at Optioned Isabelle
Property Increases Over 400%
DENVER, CO--(Marketwired - Apr 29, 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 report that the March 2014
harvest completed by the licensed marijuana grower at the Isabelle
Property in Colorado yielded 430 lbs. flower and over 201 lbs. of
trim/shake to be processed into oil extractions and other infused
products. This record harvest volume at Isabelle represents an
approximate 430% increase over the March 2013 harvest of 119
lbs.
"We wanted to be among the first to congratulate the operators
at our optioned Isabelle Property on another record harvest,"
stated Mr. Alan Smith, President of Mountain High Acquisitions
Corp. "The rapid growth and success of the marijuana cultivation
operation at Isabelle is strong proof of the hard work and
expertise of the operators and clearly demonstrates the asset value
of the property as the operation continues to grow."
The latest marijuana crop from the Isabelle Property was
cultivated using proprietary organic methods, which produced
significantly higher yields without using chemical pesticides. The
increased harvest yields were possible in part due to years of
painstaking greenhouse friendly strain selection by the grower and
the fact that the Isabelle Property has been built into the ideal
facility for an expanding marijuana cultivation operation. The
current crop is by far the best and most product ever produced from
the Isabelle facility.
Through its wholly-owned subsidiary, Canna-Life Corp., Mountain
High holds an option to purchase, subject to various terms and
conditions, the Isabelle Property which consists of nine (9) acres
of property, improvements, and other assets located near Boulder,
Colorado. 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 current operation at the Isabelle
Property can produce in excess of 5,000 lbs. of up to 50 specific
strains of marijuana for medical use over approximately 10 separate
harvests.
Mr. Smith concluded, "Mountain High is in a strong position to
achieve its corporate goals with a diversified portfolio of
properties including the Isabelle, Madison, and Pueblo currently
under option. By offering state-of-art facilities like the Isabelle
Property with value-added services optimized for marijuana
cultivation, such as temperature/humidity control, lighting,
hydroponic and irrigation systems, soils, fertilizers, pest
control, testing laboratories, storage and shipping, and security,
Mountain High can establish itself as a leading real estate holder
and developer in the marijuana sector in Colorado."
Mountain High anticipates releasing additional updates regarding
its portfolio properties and other Company business as additional
information becomes available.
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 ability to raise sufficient development
and working capital, 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
Mountain High Acquisitions (CE) (USOTC:MYHI)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Mountain High Acquisitions (CE) (USOTC:MYHI)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024