Grow Condos Inc.

What Grow Condos Inc. does

Grow Condos, Inc. is a publicly traded (OTC:GRWC) Nevada-incorporated real estate company that purchases, develops, and manages industrial condominium properties tailored for the cannabis industry. The company addresses a specific structural gap in the market: cannabis cultivators and processors are largely shut out of conventional real estate lending and landlord acceptance because marijuana remains federally illegal, and most generic industrial warehouses are not equipped with the electrical, security, and zoning characteristics a regulated grow operation requires. Grow Condos' core product is the turn-key 1,500 sq ft industrial warehouse unit — built with 22-foot ceilings, 400-amp three-phase electrical panels, security systems, and water hookups — sold as a condominium shell for $150,000–$175,000, with customized build-outs typically bringing total tenant spend to $250,000–$400,000, or leased at roughly $1,200–$2,200 per month under a lease-to-own structure that allows tenants to apply lease payments toward a future down payment on the unit. The company also generates ancillary revenue from advisory and consulting services, the publication "The Grow Pro Daily" newsletter, and a wholly owned subsidiary, Smoke on the Water, Inc., which operates Lake Selmac Resort & RV Park — a cannabis-friendly campground/resort acquired in 2017 — with planned on-site dispensary, custom tipis, and AirBnB-style rentals.

The business operates on a hybrid one-time-sale-plus-recurring-lease model. GTM is sales-led and relationship-driven within the cannabis community, with the CEO and management team selling directly to operators, supplemented by a strong referral network, an advisory board (including cannabis legal authority Robert Carp), earned media (Oregon press, Merry Jane, MassRoots, Nasdaq MarketSite interview), and a daily industry newsletter. Customer segments are narrowly defined: the primary segment is cannabis growers and processors (indoor cultivation, processing, extraction, commercial kitchens), and a secondary segment is cannabis-friendly travelers served through the Smoke on the Water subsidiary. Strategic partnerships extend the offering without capital deployment — A Growers Resource provides cannabis-industry staffing (with Grow Condos earning up to 20% of generated income) and CAN LEASE provides equipment leasing for lighting, structural, and irrigation equipment. Expansion intent is geographic (Oregon base, with California, Nevada, Washington, Colorado, and Alaska as stated targets) and vertical (cannabis tourism via Smoke on the Water; potentially technology following the 2019 Bombshell Technologies acquisition).

Name

Grow Condos Inc.

Legal name

Grow Condos, Inc.

Website

https://growcondos.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Grow Condos Inc. is a publicly traded real estate company that purchases, develops, and manages turn-key industrial condominium warehouses for cannabis cultivators and processors, offering both sale and lease-to-own models, and operates a cannabis-friendly RV park subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Eagle Point

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Industrial Condo Sales: The company sells industrial condo units to cannabis growers. Units at the Eugene Nuggetville project are priced at $150,000–$175,000 per empty shell. Customization and build-out can push total spend to $250,000–$400,000 per unit. The company also earns ancillary income from advisory and consulting services during the customization process.
2. Industrial Condo Leasing: The company leases multi-tenant warehouse spaces to cannabis growers. The Eagle Point facility (15,000 sq ft, 10 units) is fully occupied with a long waiting list. The lease-option model allows tenants to apply lease payments toward eventual ownership.
3. Education, Advisory and Consulting Services: Grow Condos provides advisory and consulting services to cannabis entrepreneurs, including help with design, build-outs, and ongoing operational guidance. The company also publishes 'The Grow Pro Daily' newsletter for industry professionals.
4. Smoke on the Water — Cannabis-Friendly RV Park / Resort: The company's wholly owned subsidiary operates Lake Selmac Resort & RV Park in Selma, Oregon, catering to cannabis-friendly tourism. The park offers RV parking, tent camping, cabins, fishing, swimming, boating, and plans to add a dispensary on-site. Revenue comes from camping fees, rentals, and ancillary services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Grow Condos, Inc. purchases, develops, and manages industrial condominium warehouses tailored for cannabis cultivation and processing, selling or leasing turn-key 1,500 sq ft units equipped with 400-amp three-phase electrical, security systems, and water hookups. Through its wholly owned subsidiary Smoke on the Water, Inc., it also operates cannabis-friendly RV parks and campgrounds. The company bundles these real estate offerings with advisory, consulting, lease-to-own financing, and partner-driven staffing and equipment-leasing services for cannabis entrepreneurs.

Product overview

Grow Condos Inc. is a publicly traded real estate company (OTC:GRWC) serving the cannabis industry through three main revenue prongs: Real Estate (industrial condo warehouses for marijuana growers), Education and Advisory Services, and Ancillary Services. The core product is the Condo-style industrial warehouse offering turn-key grow facilities sold or leased to cultivators, supplemented by the Smoke on the Water subsidiary for cannabis-friendly RV parks and resorts. The company also offers consulting services, financing solutions, and strategic partnerships for staffing (A Growers Resource) and equipment leasing (CAN LEASE). The Eagle Point, Oregon facility provides 1,500 sq ft units with security systems and utilities, while the Nuggetville project in Eugene represents expansion to 33+ units totaling ~50,000 sq ft.

Differentiator

Problem solved

Functional benefit

Brands

• Smoke on the Water: Cannabis-friendly RV park and campground brand targeting recreational marijuana tourism. Provides turn-key vacation solutions for marijuana-friendly camping and resort accommodations in legal states.

Products and services

• Industrial Condo Warehouses Turn-key industrial condominium warehouses designed for cannabis cultivation and processing, typically 1,500 sq ft with 22-foot ceilings, sold or leased with electrical, plumbing, and security hookups in place. Base shells priced at $150,000–$175,000; customized units reach $250,000–$400,000. Sold or leased to licensed cannabis cultivators and processors.
• Lease-Option / Lease-to-Own Program Lease-to-own financing program that allows cannabis tenants to apply a portion of monthly lease payments (e.g., $1,000/month credit) toward a down payment on the building, enabling growers to eventually own their facility. Bypasses federal prohibition-related banking/mortgage barriers facing the cannabis industry.
• Nuggetville Industrial Condo Development (Eugene, OR) Second Grow Condos industrial condo property in Eugene, Oregon, comprising approximately 33 units of 1,500 sq ft each across four buildings, totaling roughly 50,000 sq ft on a 2.65-acre parcel. Each unit is offered to cannabis growers for sale or lease.
• Smoke on the Water Cannabis-Friendly RV Park and Resort (Lake Selmac) Wholly owned subsidiary operating cannabis-friendly RV parks, campgrounds, and resorts (initially Lake Selmac Resort & RV Park in Selma, Oregon), offering RV parking, tent camping, cabin rentals, fishing, swimming, boating, and planned on-site dispensary, general store, custom tipis, and AirBnB offerings. Targets recreational marijuana tourists and cannabis-industry seasonal workers.
• Grower Advisory and Consulting Services Consulting and advisory services for cannabis industry entrepreneurs covering seed-to-sale operations, including business planning, design, custom build-out guidance, and ongoing operational support for grow facilities.
• Smoke on the Water Resorts (Branded Turn-Key Campground Solutions) Branded turn-key campground/resort solution offering for campground owners and operators in cannabis-legal states, structured as a revenue share or royalty/rental model while Grow Condos maintains real estate ownership. Designed to scale the Smoke on the Water brand.
• The Grow Pro Daily Newsletter Daily newsletter providing curated cannabis industry news and company-distinction features for marijuana industry professionals, published by Grow Condos as a branding and audience-building vehicle.

Quantifiable outcome

• First facility in Eagle Point (10 units, 15,000 sq ft) fully leased within approximately 6 days of listing
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and supporting.

• A Growers ResourcecoreStrategic or Co-development PartnerRepresentation agreement with veteran-owned and operated A Growers Resource, a staffing solution company for the cannabis industry. The partnership allows Grow Condos to provide unique staffing solutions for clients while generating an additional profit center. Grow Condos earns up to 20% of income generated through the staffing arrangements. A Growers Resource has access to over 10,000 employees and over $20 million in billings, with over 50 years combined experience in recruiting, staffing, HR, and payroll solutions for cannabis businesses.
• CAN LEASE, LLCcoreStrategic or Co-development PartnerPartnership with CAN LEASE, LLC (based in Lakewood Ranch, FL) to provide equipment leases for cannabis industry clients. The partnership addresses a major challenge for marijuana growers — reliable access to expansion capital for equipment such as lighting, structural components, and irrigation. CAN LEASE tailors its financing specifically to the marijuana industry. The arrangement provides an additional profit center for Grow Condos while offering a one-stop solution for clients.
• Robert CarpsupportingStrategic or Co-development PartnerAdvisory board appointment of Robert Carp, former Harvard University Dean's Council member, renowned national lecturer, prolific author (The Marijuana Business Operations Guide), and head of Carp Law Group. Mr. Carp brings expertise in cannabis compliance, dispensary and cultivation facility applications, OSHA issues, local business rules, and federal regulation. He is also the founder of the Massachusetts Medical Marijuana Dispensers Association. His addition is intended to provide invaluable industry-specific guidance to Grow Condos and its clients.
• Nering Construction, LLCsupportingImplementation/ SI/ Consulting PartnerGeneral contractor for the Nuggetville project in Eugene, Oregon. Nering Construction is an approved dealer of high-quality steel buildings from General Steel of Littleton, CO. The company is responsible for constructing the four warehouse buildings at the Nuggetville property.
• Geomax, Inc.supportingImplementation/ SI/ Consulting PartnerEngineering and surveying firm retained for the Nuggetville project. Based in Cottage Grove, Oregon, Geomax is familiar with City of Eugene building code requirements and is equipped to handle the project efficiently.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• PharmaCann: Vertically integrated multi-state cannabis cultivator and dispensary operator with owned cultivation facilities, competing for similar tenant relationships and real-estate-adjacent services.
• Acreage Holdings: Multi-state cannabis operator with a sizable owned real-estate portfolio (operated via GreenAcreage Real Estate), competing for tenant demand in the same cannabis cultivation property niche while operating cultivation and dispensary businesses.
• Kampgrounds of America (KOA): Large franchised RV park and campground operator — the relevant benchmark for the Smoke on the Water resort subsidiary's RV park and campground operations, though not a cannabis-focused competitor.
• Schwazze Holdings: Vertically integrated Colorado-anchored cannabis operator with owned cultivation, manufacturing, and retail facilities, representing a larger, more capitalized competitor in the cannabis real-estate-plus-operations model.
• Vireo Health International: Multi-state cannabis operator with owned cultivation and processing facilities in several legal states, providing a comparable operating-and-real-estate profile to Grow Condos' target tenant base.

Direct peers

• iAnthus Capital Holdings: Multi-state cannabis operator that owns and develops cultivation and dispensary real estate across U.S. legal states, overlapping with Grow Condos' strategy of vertically integrating real estate with cannabis operations.
• MJ Holdings: Cannabis-focused real estate and holdings company operating cultivation facilities in Nevada, providing a direct comparison to Grow Condos' model of cannabis-purpose-built real estate assets.
• Kaya Holdings: Cannabis operator with a cannabis-focused real-estate arm and Oregon footprint, sharing Grow Condos' niche focus on serving licensed cultivators with dedicated facilities.
• NewLake Capital Partners: Publicly traded cannabis-focused REIT that acquires and leases industrial, retail, and cultivation real estate to state-licensed cannabis operators — the closest pure-play comparable to Grow Condos' industrial condo model.

Emerging players

• Item 9 Labs Corp: Cannabis operator developing proprietary cultivation and retail real estate projects, with a smaller scale but similar focus on purpose-built cannabis facilities.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/growcondosinc
• YouTubeyoutube.com/channel/UC9wJGz7ONkKnJFWEujUGrIA
• Facebookfacebook.com/GrowCondosInc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grow Condos Inc.