Home Treasure Finders Inc. Announces Subsidiary HMTF Cannabis Holdings Inc. Has Executed a Purchase Contract on Warehouse in Denver with Seller Carry Terms (OTCBB: HMTF)
DENVER, July 30, 2014 /PRNewswire/ -- Home Treasure Finders, Inc. ("HMTF") ("Company") (OTCBB: HMTF) (OTCQB: HMTF) is pleased to announce that since the inception of the Company's third division, HMTF Cannabis Holdings Inc, Home Treasure Finders CEO and Employing Broker, Corey Wiegand has been tirelessly searching for creative financing believed necessary and anticipated in connection with the company's planned five projects. Up until 7/22/2014, the search had been less than fruitful. Executed land contracts in Commerce City in March, and in Park County in April were terminated without penalty during their due diligence periods.
"It has been a long road getting to this point. A company like ours has little cash on hand and almost no available credit. I believe that the only way we can get cannabis oriented leasing projects going is by finding seller carry properties just like this one. I have been searching six multiple listing services daily for the last four months and this is the first seller carry warehouse opportunity I have located. I found the listing posted on Craigslist at 10:00 PM on Saturday 7/19/2014, e-mailed the seller at 10:01 PM, was the first to see it on Monday 7/21/2014, and had placed it under contract by 7/22/2104," said Wiegand.
We plan to initiate a Private Placement in the near future potentially raising up to $200,000 for closing and property upgrades. We plan to consult with electrical and mechanical engineers and leasing candidates and anticipate leasing this warehouse at $2.50 per square foot per month.
We continue to refine our business strategy and anticipate growing our other two divisions; property management and real estate sales We plan to continue producing weekly video updates, see http://hmtfcannabis.com/talks.
Other HMTF company updates and milestones are as follows;
- Announced negotiations with the Carmel Group on 4/21/2014 were suspended and a contract for IR was not signed.
- The Rosewind Corp Joint Venture announced on 4/21/2014 is on hold until Rosewind is able to contract with a third party for scientific research.
- The Home Treasure Finders Inc. business address is 4318 Tennyson St., Denver, CO 80212.
- The Home Treasure Finders Inc. company web URL is http://www.HomeTreasureFinders.com.
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, and Home Treasure Finders 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 Info:
Home Treasure Finders, Inc.
Corey Wiegand
+1-516-900-4683
[email protected]
SOURCE Home Treasure Finders, Inc.
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