“We're very excited that the property is leased, and that our acquisition and leasing model has been validated and shown to be successful,” said HMTF Cannabis Holdings CEO Corey Wiegand.
Denver, Colorado (PRWEB) December 09, 2014
HMTF Cannabis Holdings, Inc., a division of Home Treasure Finders Inc. (OTC BB:HMTF), announced today the completion of its first property acquisition, rehabilitation and leasing for the Colorado cannabis industry. The $850,000 warehouse property, located at 4420 Garfield Street in Denver's "Grow Zone", was purchased September 15, 2014, modified to accommodate licensed cultivation companies, and leased to qualified tenants in less than 90 days.
“We're very excited that the property is leased, and that our acquisition and leasing model has been validated and shown to be successful,” said HMTF Cannabis Holdings CEO Corey Wiegand. “Now that our first project is complete, we are looking forward to beginning our second project in the coming weeks.”
HMTF Cannabis Holdings continuously researches properly zoned leasing projects in Colorado that offer competitive financing. Since purchasing the warehouse in September, the company has subdivided and modified the space, and aggressively marketed the property to more than 30 fully compliant and licensed cultivation companies. “It's been a lot of work to get the property permitted and shown, but we finally found the right tenants,” said Wiegand.
According to Wiegand, HMTF Cannabis Holdings has plans to acquire four more properly zoned land and warehouse properties in the Denver metro area. The company has also initiated negotiations for joint ventures with a Colorado-based security company, and with a company that produces an effective high-quality cannabidiol-based medicine for children with epilepsy.
Wiegand also hosts Tennyson Talks, an educational series about HMTF's investment opportunity and Denver's current real estate market. He discusses HMTF Cannabis Holdings' first commercial acquisition project, including a further breakdown of the return on investment and cash-on-cash return, in episode 12 of the Tennyson Talks. For more information, please visit: http://hmtfcannabis.com/talks.
About HMTF Cannabis Holdings, Inc.
HMTF Cannabis Holdings Inc., a subsidiary of Home Treasure Finders Inc, is an aggressive real estate acquisition, rehabilitation, and leasing firm that provides services to an expanding segment of the Colorado commercial real estate market. Established in March 2014, HMTF Cannabis Holdings Inc.'s primary focus is acquiring large free-standing buildings, land parcels and greenhouses, then building and retrofitting the properties to meet the needs of well-qualified tenants. For more information, please call: (720) 273-2398 or visit: http://hmtfcannabis.com/. Follow HMTF Cannabis Holdings on Facebook at: https://www.facebook.com/hmtf.commercial.real.estate.
About Home Treasure Finders, Inc.
Home Treasure Finders, Inc. (OTC BB:HMTF) is a full-service real estate company located in Denver, Colorado. A member of the National Association of Realtors, with Accredited Buyer Representative (ABR) and Certified Investor Agent Specialist (CIAS) certifications, HMTF is a publicly traded company with the stock symbol HMTF. For more information, please call: (720) 273-2398 or visit: http://hmtfrealty.com. Follow Home Treasure Finders on Facebook at: https://www.facebook.com/HMTFRealty
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that 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. Such factors include, among others, the inherent uncertainties associated with developing and acquiring land and water resources. There can be no assurance Home Treasure Finders will be able to raise additional capital, that it will be able to increase the scale of its business, or that its existing resources will be sufficient to meet all of its cash needs. These forward-looking statements are made as of the date of this news release, and Home Treasure Finders assumes 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.
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