Upper Street’s Growing Springs Holdings Corp. to Provide Finance to Dispensary Operation
$1.7 Million Revolving Credit Facility
SCOTTSDALE, AZ, Nov. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Upper Street Marketing Inc. (OTC: UPPR) is pleased to announce that its wholly owned subsidiary, Growing Springs Holdings Corporation, has entered into a definitive agreement with High Mountain Medz, dba “Levity Wellness,” to provide financing and a number of ancillary services to assist in the growth and expansion of Levity Wellness. Levity Wellness in Colorado Springs, CO, owns and operates various cannabis cultivation, dispensary, and cannabis extracts manufacturing licenses in Colorado, but required additional capital for growth and expansion in order to meet the ever-expanding demand of the medical and recreational Colorado cannabis markets.
Growing Springs Holdings Corporation provides financing and supplementary services to cannabis and hemp businesses in North America. The Company will provide to Levity Wellness a revolving line of credit in the amount of $1.7 million as well as several additional services that include but are not limited to, real-estate leasing, construction management, equipment leasing and equipment acquisition, genetics and cultivation assistance, specialty agricultural water technology, insurance and general planning.
By assisting Levity Wellness with finance and expansion services, the Growing Springs Holdings Corporation plan calls for increasing revenues from approximately $60,000 per month currently, to as much as 20X (1,200,000 per month) over a 24-month period.
According to President and CEO, Joseph Earle, Upper Street Marketing and its wholly owned subsidiary, Growing Springs Holdings Corporation, will continue to rapidly expand via its business model in Colorado and other key cannabis and hemp agricultural markets.
Visit Growing Springs online at: www.growingspringsholdings.com
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Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and similar expressions, as they relate to the Company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about the Company’s business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. Such statements could be affected by risks and uncertainties related to: (i) our ability to integrate Ennoble Progressive Beverage Distribution Inc. into the Company’s operations, (ii) product demand, market, and customer acceptance of the Company’s products, (iii) the Company’s ability to obtain financing to expand our operations, (iv) the Company’s ability to attract qualified sales representatives, (v) competition, pricing and development difficulties, (vi) the Company’s ability to conduct the business if there are changes in laws, regulations, or government policies related to the Company’s products, (vii) the Company’s ability to conduct operations if it faces product recalls, and (viii) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
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