Home Treasure Finders Inc. Announces Closed Purchase Contract on Warehouse in Denver

DENVER, Sept. 22, 2014 /PRNewswire/ -- Home Treasure Finders Inc., (OTCBB: HMTF) (OTCQB: HMTF) www.hometreasurefinders.com, a multi-division real estate sales, property management and leasing company, announces closing the purchase of an industrial warehouse in Denver, Colorado. The $850,000 dollar acquisition is subdividable and marks the company's first commercial cannabis acquisition.

President and CEO, Corey Wiegand stated, "We are proud to have closed this transaction in such a creative manner. After much negotiation, the seller agreed to carry financing with a 1.1% down payment enabling us to effectively leverage 98.9% of the building.  We believe our acquisition will provide increased value for our shareholders. We are currently negotiating leases with several fully compliant cultivation companies with the utmost attention to detail, efficiency, and operational compliance.  We believe leasing and other revenues we anticipate to generate from this property will show exceptional value to our shareholders."

Michael Godinez, showing agent for HMTF Commercial Property Management stated, "We are excited to have acquired an asset and have already shown the property to over 30 tenant prospects.  We will continue to expand our operations and plan to provide a state of the art, turn-key, growing facility. We are finalizing the application and vetting process to secure a highly experienced and fully compliant tenant."

According to Loopnet.com, many industrial properties zoned for cannabis in Denver, Colorado have nearly doubled in value since June 2013. HMTF management believes the property will experience an additional increase in value when their planned tenant retrofits are completed. 

Management believes turnkey cultivation properties are capable of generating revenues of up to $75,000 per month. Accordingly, HMTF anticipates releasing the terms of grower contracts, projected cash flow, expected earnings per share, and resulting share price targets within the next few weeks.

HMTF continues to refine and improve their business strategies. Management anticipates continuing to grow their other two divisions; property management and real estate sales and continuing to produce video updates for investor relations on an "as needed basis" (see http://hmtfcannabis.com/talks).

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.  Actual results could differ from those projected in any forward-looking statements due to numerous factors; such factors include, among others, the inherent uncertainties associated with developing and acquiring land and water resources.  There can be no assurance Home Treasure Finders will be able to raise additional capital, that it will be able to increase the scale of its business, or that its existing resources will be sufficient to meet all of its cash needs.  These forward-looking statements are made as of the date of this news release.  Home Treasure Finders Inc. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

Contact:
Home Treasure Finders, Inc.
Corey Wiegand
+1-516-900-HMTF (4683)
[email protected]

SOURCE Home Treasure Finders, Inc.

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