$ECGI Purchases Cali MJ Property and Announces 1st Deliveries$ECGI Finalizing Northern California 1.7m SQ FT (40 acres) from $SGMD CEO Jimmy Chan private LMK Capital company.
LOS ANGELES, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI) today took its first steps toward the development of its special cannabis acquisition model via the closing of a definitive agreement to acquire a privately held farm, which includes a *1.7 million-square-foot Northern California property zoned for cannabis cultivation, processing and manufacturing." "The property also includes a house of approximately *2,175 square feet (the house and land collectively “Property”).
www.otcmarkets.com
The mention of the 2,175 Sq Ft house, just so happens to be included in the 6 acre zoned MJ area.
$ECGI's stated property size is 40 acres x 43,560 Sq Ft per acre equals 1,742,400 Sq ft.
You can review the original Lower Lake property listing here:
www.redfin.com
Awaiting cannabis licenses to be issued.
Also, $SGMD PR'd couple days ago that they purchased 70% of $ECGI NUGS Avenue MJ delivery service.
$ECGI Released an update today about Feb 9th deal announcing they had delivered to their first customers:
LOS ANGELES, Feb. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI), which plans to operate as Elite Cannabis Group and has been reorganized as an acquisition-oriented corporation with California-based targets of distressed cannabis assets, properties zoned for cannabis cultivation and processing, today announces its second agreement within the fast-growing California regulated cannabis market. The Company has signed a definitive management services agreement to enter the cannabis delivery business in conjunction with a California cannabis license holder operating out of Lynwood, California.
www.otcmarkets.com
"$ECGI created a wholly owned subsidiary, Nug Avenue, Inc., a California Corporation, which will hold the contract with the licensed party. The Company plans to enter into an additional agreement whereby it will sell up to 70% of the Nug Avenue unit to a third party, allowing the Company to retain and report an approximately 30% ownership.
twitter.com
"Excited to announce our first deliveries for Nug Avenue on 2/25
Check us out if you're in the LA Metro area @ Weedmaps.com. Wide selection and fast delivery. $ECGI"
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