Paradise Ridge Hydrocarbons, Inc., Real Estate Subsidiary Grupo Resilient International Properties, Inc. Locates Cannabis Agr

DALLAS, Texas--Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) today announced its real estate subsidiary, Grupo Resilient International Properties, Inc has contracted to purchase a 31,800 sq. ft. office/warehouse facility for its Cannabis Agri-Campus Headquarters in Dallas, Texas. The company plans to acquire and develop strategic real estate projects throughout Texas, as well as offering turnkey solutions and services to accommodate growers in the rapidly growing Cannabis industry, in anticipation of Texas ultimately legalizing cannabis.


Gordon Johnson stated, placing these real estate bets on the future prospects of legalization of Cannabis is not much different than wildcatting for oil, which has made many Texas gamblers super rich historically. The turnkey solutions the company plans to offer if and when Cannabis is legalized will include grow benches, lighting, air filtration/circulation systems, irrigation, de-humidification systems, computerized control systems and CO2 injection.


This model has been successfully implemented in Washington, Oregon, Colorado and Arizona and other states like Illinois, New York and Vermont are currently preparing as we are. We believe combining an extremely experienced management team in a market as Big as Texas with our First-Mover Advantage should give us a jump on all people entering the prospective Texas market if Cannabis is legalized.

Forward Looking Statements:

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.

Paradise Ridge is an Enhanced Oil Recovery (EOR) company whose primary objective is the re-entry and re-working of existing oil and gas wells. We are not an "exploration company" in the sense that our business and our methods do not involve an attempt to explore for new oil deposits, but rather to exploit known oil and gas fields. Our objective is to existing wells, investing resources to yield increased production, thus mitigating the risks associated with drilling and attempting to bring new wells online.

Paradise Ridge Inc.
13785 Research Blvd.
Austin, Texas
78750
Contact: Gordon Johnson, President:
Email: gordonjohnson@paradiseridgeinc.com
corporate@paradiseridgeinc.com

This release was published on openPR.