$ECGI Purchases Cali MJ Property and Announces 1st Deliveries

22 feb 2021

ECGI Finalizing Northern California 1.7m SQ FT (40 acres) from SGMD CEO Jimmy Chan private LMK Capital company.

LOS ANGELES, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI) today took its first steps toward the development of its special cannabis acquisition model via the closing of a definitive agreement to acquire a privately held farm, which includes a *1.7 million-square-foot Northern California property zoned for cannabis cultivation, processing and manufacturing." "The property also includes a house of approximately *2,175 square feet (the house and land collectively “Property”).

otcmarkets.com/stock/ECGI/news/ECGI-Holdings-Closes-on-Definitive-Agreement-to-Acquire-California-Property-for-Cannabis-Cultivation-and-Manufacturing?id=287471

The mention of the 2,175 Sq Ft house, just so happens to be included in the 6 acre zoned MJ area.

ECGI's stated property size is 40 acres x 43,560 Sq Ft per acre equals 1,742,400 Sq ft.

You can review the original Lower Lake property listing here:
redfin.com/CA/Lower-Lake/8159-CA-29-95457/home/45646312

Awaiting cannabis licenses to be issued.

Also, SGMD PR'd couple days ago that they purchased 70% of ECGI NUGS Avenue MJ delivery service.

ECGI Released an update today about Feb 9th deal announcing they had delivered to their first customers:

LOS ANGELES, Feb. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – ECGI Holdings, Inc. (“ECGI” or the "Company") (OTC PINK: ECGI), which plans to operate as Elite Cannabis Group and has been reorganized as an acquisition-oriented corporation with California-based targets of distressed cannabis assets, properties zoned for cannabis cultivation and processing, today announces its second agreement within the fast-growing California regulated cannabis market. The Company has signed a definitive management services agreement to enter the cannabis delivery business in conjunction with a California cannabis license holder operating out of Lynwood, California.

otcmarkets.com/stock/ECGI/news/ECGI-Holdings-Creates-Nug-Avenue-Subsidiary---Announces-Definitive-Agreement-for-Cannabis-Delivery-Services-in-Thriving-?id=289210

"ECGI created a wholly owned subsidiary, Nug Avenue, Inc., a California Corporation, which will hold the contract with the licensed party. The Company plans to enter into an additional agreement whereby it will sell up to 70% of the Nug Avenue unit to a third party, allowing the Company to retain and report an approximately 30% ownership.

twitter.com/ecgiholdings/status/1363897137046585344?s=20

"Excited to announce our first deliveries for Nug Avenue on 2/25

Check us out if you're in the LA Metro area @ Weedmaps.com. Wide selection and fast delivery. ECGI"
twitter.com/ecgiholdings/status/1363897137046585344?s=20