Grow Condos, Inc.,(GRWC) Fully Retires Convertible Debt

Grow Condos, Inc.,(Grwc) Fully Retires Convertible Debt

Grow Condos, Inc. Fully Retires Convertible Debt

Grow Condos, Inc.,(GRWC)Âannounces that all notes issued pursuant to the Company’sÂ2016Âdebt offerings have been retired and the Company has no further obligations under the notes of those offerings.“We’re excited to have this convertible debt fully retired as we continue to strengthen Grow Condosâ balance sheet and drive shareholder value,” Chief Executive Officer Wayne Zallen stated. “Our stock had been under enormous pressure due to the large amount of debt converted into shares and introduced into the market, and the dilution of the stock has been a concern to us and all of our shareholders. To see the conclusion is a relief to all of us. We are aware that going forward we will need to generate sufficient revenues to become self-financing. Should we need capital to fund future operations, we will strive to be more judicious in the terms of such financing. ÂWe are confident that this approach will result in better...



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