TAYO Reviewing Potential Cannabis-Friendly Properties in Nevada
02 April 2015 - 10:44PM
Business Wire
Following Taylor Consulting, Inc.’s (OTCBB: TAYO) real estate
scouting trip to Nevada, the Company has chosen a realtor
knowledgeable in the state’s general market and burgeoning
recreational adult-use cannabis industry to perform due diligence
on possible commercial properties in the area.
The scouting trip is in response to the state’s 2016 ballot to
legalize recreational adult-use cannabis. TAYO is reviewing
available commercial property prior to possible rising rental rates
in the state, thanks to its emerging recreational adult-use
cannabis market, where medical use of the plant is already legal.
Soaring rents in the cannabis-friendly city of Denver set the tone
for real estate markets in other states interested in adult-use
cannabis legislation.
“We see ourselves as forerunners in anticipating where the
market will heat up thanks to new cannabis legislation,” said TAYO
CEO Scott Wheeler. “We see that acceptance of recreational
adult-use cannabis is on the rise, and many states are open to
proposing their own legislation. Expanding our portfolio with
recreational adult-use cannabis friendly markets would be an
exciting addition that would put us at the forefront of an emerging
market and differentiate us from other development firms.”
TAYO will continue talks with Nevada realtors to survey
potential properties that could benefit from the booming U.S.
recreational adult-use cannabis market, estimated to be worth $2.7
billion. The Company will continue to examine properties in states
with emerging recreational adult-use cannabis markets to diversify
its portfolio.
For more information,
visit www.ThirdAvenueDevelopment.com.
About Taylor Consulting, Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue
Development, LLC as a new division whose primary goal is to invest
in promising real estate assets to compete alongside American Homes
4 Rent (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE: SBY),
Equity Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE:
ESS) and others.
Third Avenue Development, a premier hybrid real estate and
development, is building an emerging portfolio of real estate
assets for investment, rehabilitation and resale. The company is
focused on acquiring properties in the country’s top-performing
housing markets in order to capitalize on the continue recovery and
growth of U.S. real estate marketplace. For more information, visit
www.ThirdAvenueDevelopment.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the
words “believes,” “expects,” “anticipates” or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone’s past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Taylor Consulting, Inc.Scott Wheeler, 713-840-6099President and
CEOinfo@tadcorp.com
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