Welcome!

News Feed Item

Mountain High Completes Milestone Master Property Agreement for Acquisition of Isabelle, Madison, and Pueblo Marijuana Properties in Colorado

DENVER, CO -- (Marketwired) -- 05/05/14 -- 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 announce that Canna-Life Corp., a wholly-owned subsidiary of the Company, has completed the definitive Master Property Purchase and Sale Agreement (the "Agreement") for the acquisition of three properties and improvements thereon located in: (i) Lafayette, Boulder County, Colorado, referred to as the "Isabelle Property," (ii) Avondale, Pueblo County, Colorado, referred to as the "Pueblo Property," and (iii) Denver, Denver County, Colorado, referred to as the "Madison St. Property."

"We are extremely pleased to have progressed to complete this milestone Agreement to acquire the highly sought after Isabelle, Pueblo, and Madison Street properties in Colorado," stated Mr. Alan Smith, President of Mountain High Acquisitions Corp. "With this first phase of our property acquisition strategy now secured, we will move forward with our plans to further develop and maximize potential revenue streams from each of our portfolio properties. Additionally, the Company will continue review potential properties in the cannabis sector for future acquisition."

The Isabelle Property 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. Mountain High expects to generate in excess of $2.5 million in net annualized revenue from the Isabelle Property in its current configuration without significant leasehold improvements or expansion, subject to terms and conditions of the agreement. In addition to lease revenues from the Isabelle Property, the Company anticipates generating additional complementary revenue streams related to its position as landlord and primary services provider.

Mr. Smith concluded, "The Isabelle Property is without question one of the best known established marijuana business locations in Colorado, but we are equally excited about the acquisition and revenue potential of the Pueblo and Madison St. properties. With this in mind, we have already taken steps to develop detailed build out strategies for each property and look forward to starting to work with our partners to execute these plans."

The Madison Property, located in Denver, Colorado, is an ideally located 28,000 sq./ft. highly-reinforced building that was previously used for storage of fracking sand and grain. Now zoned for commercial marijuana cultivation, Mountain High intends to fully develop the Madison Property to house up to 200 specialized grow "Pods" designed to be leased to licensed growers for highly specialized medical marijuana cultivation. There are presently no facilities or growing operations on the Madison Property. At full capacity, 200 pods are estimated to represent approximately $8.4 million in annually lease revenues at current market rates.

The Pueblo Property, located at Avondale, Colorado, is 90 acres of raw land surrounded by a former U.S. Army ammunition storage and supply facility and now zoned and approved to become one of the largest single locations for commercial marijuana cultivation in the State. There are presently no facilities or growing operations on the land. Once the required infrastructure of roads, electrical, and water hookups is in place, the Company intends to develop the land into 10 or more distinctive 5 acre plots, collectively comprising a "Cannabis Campus." Each five-acre plot will provide the licensed grower with access to all required commercial growing facilities, including greenhouses, hydroponics, laboratories, kitchens, and outdoors grow operations.

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...