MIAMI, July 12, 2021 (GLOBE NEWSWIRE) — Crosswind Renewable Energy Corp. Dba Community Redevelopment, Inc (OTC Pink: CWNR), a community oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary markets, announced today that it has appointed Garfield Antonio as its President and as a member of its Board of Directors. Mr. Antonio joins Community Redevelopment after serving as CFO and COO of The Velocity Companies, LLC, which he co-founded.
“We are fortunate to attract such an accomplished executive to serve as President here at Community Redevelopment, and to help us achieve our goal of becoming a top-tier commercial real estate development and investment company,” said Charles Arnold, Chief Executive Officer of Community Redevelopment. “Garfield’s track record of developing large and small scale commercial real estate projects across the United States, as well as his proven ability to leverage and scale enterprise growth, will be key to the promising future we’re building here at Community Redevelopment.”
Mr. Antonio has more than 30 years of experience in banking, financing, residential and commercial real estate development. He has extensive expertise in Municipal Financing, Tax Incentive Financings (TIFs), Tax Exempt Bonds, Private Placement Bond Financing, Planned Community Developments, and pioneering emerging markets. He has managed a real estate investment portfolio of $750 million along with dozens of real estate development projects with individual budgets from $30 million to $250 million. His experience also includes construction management and working closely with local housing officials regarding project permitting, deal structuring, deal financing and land entitlement issues.
Mr. Antonio has underwritten the redevelopment of over 2 million square feet of real estate development and conducted environmental, legal, and infrastructure due diligence for projects. He has negotiated partnership agreements, joint venture agreements, construction and permanent loan documents with banks and investors, while securing tax-exempt bonds, tax credit equity, construction and permanent loans with local agencies.
“I am proud yet humbled for my new role as President of Community Redevelopment. I look forward to working with the Board on the strategic expansion of our brand and working towards building profitability for the Company and its shareholders,” said Garfield Antonio. Mr. Antonio continued, “Many real estate development companies are specialists, but we have a different vision. I am fortunate to be surrounded by a talented group of professionals who are truly dedicated to the communities we intend to serve. Our team’s expertise is extremely wide-ranging and I believe this business model will prove quite successful for us.”
About Community Redevelopment, Inc. (CRI)
Community Redevelopment, Inc. operates as a community oriented real estate redeveloper targeting economic growth, housing for veterans, and opportunity zones in secondary and tertiary value-added markets. CRI is primarily focusing its efforts on bringing commerce and affordable housing to underserved areas. CRI plans to provide numerous opportunities to improve low-income neighborhoods for residential, commercial, and industrial opportunities through government incentives, long term partnerships and agreements. Our mission is to rebuild depressed communities; change the trajectory of youth and improve the quality of life in those communities; and, provide our investors with an opportunity to profit. We intend to accomplish this by focusing on partnerships between the public and private sector to generate both business interest and business activity in low-income neighborhoods that have gone unnoticed by the development community at large, while repairing and amending relationships in these underserved communities.
Community Redevelopment, Inc. is not an opportunity zone fund, or a real estate investment trust. CRI is a real estate developer offering potential investors an opportunity to participate in the process of investing in real estate projects that can improve the quality of life for residents of low-income neighborhoods, via a publicly traded company. CRI intends to work with other real estate developers, as well as local and state government agencies to complete its projects in these communities.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects” and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on May 17th, 2021. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about Cannabics Pharmaceuticals Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.
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