CannaGrow Holdings Inc. announced the execution of a Build to Suit Sub-Lease for an Extraction/Processing Facility with SGD Holdings Ltd. on a three (3) acre lot at their Colorado Buffalo Ranch Filing No. 5-Lot 61 Lease. With the completion of the CannaGrow Phase I & II there will be over 20,000 sq. ft. of grow space being utilized by its current tenant and Licensed Grower, Category One Botanicals, LLC. The full production of this space by Category One Botanicals and the CannaGrow Staffing Team will provide ample product to supply the needs of a new Processing Facility while still maintaining the highly lucrative Premium Grade A Bud market. The five year sub-lease and multiple year lease options with SGD Holdings will be contingent upon the approval and issuance of a Conditional Use Permit to allow for the construction of a new State of the Art Processing Facility.