Grow Condos, Inc. was incorporated on October 22, 1999 as Calibrus, in the
State of Nevada. From its inception, the Company was a call center that contracted
out as a customer contact center for a variety of business clients throughout
the United States. Over time our main business became a third-party verification
service. After making a sale on the telephone, a company would send the call
to a Company operator to confirm the order. This process protected both the
customer and the company selling services from telephone sales fraud.
While continuing to operate as a call center, in 2008 we expanded our business
plan to include the development of a social networking site called JabberMonkey
(Jabbermonkey.com) and the development of a location based social networking
application for smart phones called Fanatic Fans.
On June 22, 2018, the Board of Directors of the Company approved an amendment
to our articles of incorporation to increase our authorized capital to 180,000,000
shares, consisting of 175,000,000 shares of common stock and 5,000,000 shares
of preferred stock (the “Recapitalization”) and to change the name
of the Company to Grow Capital Inc. The Company filed articles of amendment
with the State of Nevada to effect the aforementioned changes on July 10, 2018
and August 28, 2018 respectively. The Company has submitted application to the
Financial Industry Regulatory Authority ("FINRA") for approval of
the above noted corporate actions.
WCS Enterprises
Our wholly-owned subsidiary, WCS Enterprises, LLC ("WCS Enterprises")
is an Oregon limited liability company which was formed on September 9, 2013
and was acquired by us in June 2014 in exchange for shares of our common stock.
The acquisition of WCS Enterprises resulted in a change of control of the Company
and at or shortly after the closing of such acquisition, the persons designated
by WCS Enterprises became the officers and directors of the Company. As a result
of our acquisition of WCS Enterprises in June 2014, we became engaged in the
business of being a real estate purchaser, developer and manager of specific
use industrial properties business.
WCS Enterprises Business Operations
Through WCS Enterprises, we are a real estate purchaser, developer and manager
of specific use industrial properties providing "Condo" style turn-key
grow facilities to support cannabis growers in the United States cannabis industry.
We intend to own, lease, sell and manage multi-tenant properties so as to reduce
the risk of ownership and reduce costs to the tenants and owners. We offer tenants
the option to lease, lease to purchase or buy their condo warehouse space that
is divided into comparable 1,500- 2,500 square foot condominium units. Each
Condo unit will be uniquely designed and have all necessary resources as an
optimum stand-alone grow facility. We believe that Cannabis farmers will pay
an above market rate to lease or buy our condo grow facility. We will purchase
and develop buildings that are divisible into separate units to attract multiple
farmers and reduce the risk of single tenant leases. In addition to our "Condo"
turn-key growing facilities we intend to provide marijuana grow consulting services
and equipment and supplies as part of our turn-key offerings. We are aggressively
out looking for our next property in the western area of the United States where
medical cannabis has been legalized and where recreational cannabis has been
or is in the process of legalization. On April 1, 2016 we closed escrow on our
second project located in the Pioneer Business Park in Eugene, Oregon. The Company
is not directly involved in the growing, distribution or sale of cannabis.
Smoke on the Water, Inc.
Smoke on the Water, Inc., was incorporated on October 21, 2016, in the State
of Nevada and is a wholly owned subsidiary.
Smoke on the Water Business Operations
Smoke on the Water is designed to capitalize on the countrys growing level
of recreational marijuana acceptance. The company plans to engage in a roll
up strategy for this highly-fragmented industry and provide turn-key solutions
for Marijuana-friendly campgrounds and resorts. The company has strategized
to initially develop the property through acquisition, subsequently rebranding
the existing RV business to represent the Smoke on The Water brand. Upon project
launch, the Company plans to provide fully functional vacationing solutions
to campground operators and owners seeking to fill the growing demand for stress
free and acceptable vacationing for the pro-personal choice and marijuana smoking
community.
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