NEWS RELEASE | Tuesday, August 13th, 2019
Camarico Construction Ltd. (“CamCon”) a wholly owned subsidiary of Camarico Investment Group Ltd. (CSE: CIG) ("Camarico" or the "Company") has been awarded a major Engineering, Procurement and Construction (EPC) contract by Camarico Land & Development Corp’s Georgetown Cannabis Project located in the County of Vulcan, Alberta Canada.
Camarico Land & Development Corp is a related party to CamCon and is a wholly owned subsidiary of Camarico Investment Group.
The Phase I Georgetown development was conditionally permitted on February 6th, 2019. Phase I consist of 75-acres and is comprised of 18 – 19 lots with a single 58,000 SQFT building on each lot services by company owned private utilities. The company has a total of 320 acres zoned under “direct control” for the purpose of cannabis cultivation with an additional 1,440 acres under option for future development.
CamCon will execute this project under a lump sum and reimbursable basis. It will cover the EPC of Georgetown Phase I and associated topsides, which will be developed in accordance to the terms and conditions set out by the County of Vulcan, Health Canada and applicable building code.
Mackenzie Loree CEO & Director at Camarico Investment Group, commented:
“We are extremely honored to engage our integrated business and investment model to deliver Georgetown, the most ambitious and innovative cannabis project on the market. The implementation of a Camarico Construction within Georgetown is a strategic development of core portfolio interests for the continued and rapid expansion of conceptualization to cash flowing opportunities.”
For further information regarding Camarico, see the Company's profile on SEDAR at www.sedar.com.