Cannabis Grower Sunset Island Group Initiates Major Expansion
06 Setembro 2017 - 8:00AM
InvestorsHub NewsWire
Cannabis Grower Sunset Island Group Initiates
Major Expansion
SAN CLEMENTE, CA -- September 6, 2017 --
InvestorsHub NewsWire -- SUNSET ISLAND GROUP, INC. (OTCQB:
SIGO) announced today that the company has officially begun
expansion of their cannabis grow space.
CEO T.J. Magallanes stated, "As phase one of our
expansion plans, we have announced our intention to ramp up to a
minimum of 152,000 square feet of greenhouse space and there’s
still potential to increase well beyond that number.
Effective immediately, a new 6,000 square feet of our expansion
square footage is being built out and 100% of this portion of the
expansion will be grow space. The MAPAL Agro equipment and
supplies are being ordered and set up and clones will be fully
planted and ready for harvest approximately 90 days from
now.”
Mr. Magallanes went on to say, "We’ve had a lot
of emails and phone calls lately about our business structure, so I
would like to once again cover a few of the basics. We plan
to expand to a minimum of 152K square feet as phase one of our
expansion. We believe that $200 in revenue per square foot of
grow space is a realistic target going forward. As of today,
we have approximately 4.7 million shares outstanding.
Officers of our company, including myself, do not take
salaries. Our compensation is realized through a monthly
dividend; the same dividend that our shareholders receive on a
monthly basis. All officer shares in the company are preferred
status and locked up for a minimum of 3 years from day of
conversion. Expansion capital is being raised through a combination
of an S-1 filing and various substantial investments into preferred
shares. We have no real debt, no toxic debt and we plan to keep it
that way.”
He went on to say, “We are on a rotational
harvest which allows us to harvest cannabis year round. We
are one of only a few cannabis grow facilities that have received
Enviroganic Certification, the highest certification of cannabis
growers available. We are one of only two cannabis grow facilities
in the country using the organic MAPAL Agro system (See website
below). And finally, we have two opportunities for
shareholders to visit our facility, the first one being September
16, 2017 and we hope that you’ll take the time if you’re in the
area to visit us.”
Mr. Magallanes finished up with, "The company
will host our first shareholder event on September 16, 2017.
This is due to the overwhelming requests from shareholders.
We will pick up those that have reserved a spot for the tour at
10:30am at the Courtyard by Marriott Salinas Monterey (located at
17225 El Rancho Way, Salinas, CA 93907) and drive them to the
farm. Cell Phones and Cameras will be
allowed.
https://www.sunsetislandgroup.com/
http://www.mapalagro.com/site/en/pages/homepage.asp
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be
accurate.
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