CannaGrow Holdings Inc. announced an update on the Colorado project. The three important and critical conditions of the CUP were the Bennett Roadway improvements, the drilling of a well on Lot 61, and the State approval of the Huerfano County Water Conservancy District's Supplemental Substitute Water Supply Plan (SSWSP) - Augmentation Plan. The Bennett Roadway improvements were by far the large condition in terms of time required for the completion and out-of-pocket expenses.

The improvements required grading of approximately 2.4 miles of gravel roadway, placement of approximately 2,000 tons of base rock, and the placement of approximately 700 tons of Pitt-run rock for the three low water crossings. The Bennett Roadway improvements were completed in mid-July by a State licensed Grading Contractor and approved in late July by an agent of Huerfano County. The water well was drilled to a depth of approximately 300 ft.

and completed by a State licensed Drilling Contractor during the last week of July, 2015. The contractor has filed his logging information with the State for registration of completion and recording of the water well placement. Phase I &II consists of site grading for the ingress &egress roadways, a 3200 sq.

ft. head-works building, six 2300 sq. ft.

hoop-houses for outdoor grows, an approximate 3,300 sq. ft. Nexus Greenhouse that utilizes the most up to date technology for the growing of cannabis.

The Nexus Greenhouse and the Olympia Head-house building will provide a premier work and growing facilities for an approved Licensed Grower's operations that will optimize all operations, from seed to sale.