DENVER, CO–(Marketwired – Apr 29, 2014) – 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 report that the March 2014 harvest completed by the licensed marijuana grower at the Isabelle Property in Colorado yielded 430 lbs. flower and over 201 lbs. of trim/shake to be processed into oil extractions and other infused products. This record harvest volume at Isabelle represents an approximate 430% increase over the March 2013 harvest of 119 lbs.
“We wanted to be among the first to congratulate the operators at our optioned Isabelle Property on another record harvest,” stated Mr. Alan Smith, President of Mountain High Acquisitions Corp. “The rapid growth and success of the marijuana cultivation operation at Isabelle is strong proof of the hard work and expertise of the operators and clearly demonstrates the asset value of the property as the operation continues to grow.”
The latest marijuana crop from the Isabelle Property was cultivated using proprietary organic methods, which produced significantly higher yields without using chemical pesticides. The increased harvest yields were possible in part due to years of painstaking greenhouse friendly strain selection by the grower and the fact that the Isabelle Property has been built into the ideal facility for an expanding marijuana cultivation operation. The current crop is by far the best and most product ever produced from the Isabelle facility.
Through its wholly-owned subsidiary, Canna-Life Corp., Mountain High holds an option to purchase, subject to various terms and conditions, the Isabelle Property which 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.
Mr. Smith concluded, “Mountain High is in a strong position to achieve its corporate goals with a diversified portfolio of properties including the Isabelle, Madison, and Pueblo currently under option. By offering state-of-art facilities like the Isabelle Property with value-added services optimized for marijuana cultivation, such as temperature/humidity control, lighting, hydroponic and irrigation systems, soils, fertilizers, pest control, testing laboratories, storage and shipping, and security, Mountain High can establish itself as a leading real estate holder and developer in the marijuana sector in Colorado.”
Mountain High anticipates releasing additional updates regarding its portfolio properties and other Company business as additional information becomes available.
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.