Wednesday, June 29, 2022

CANNAGROW HLDGS IN COM USD0.001 (OTCMKTS:CGRW) Bursts On The Scene

CANNAGROW HLDGS IN COM USD0.001 (OTCMKTS:CGRW) is a new player in the cannabis stock scene. But recent activity has caught the eye of speculative investors around the world. CGRW had been relativity quite until late September when volume and pricing started gaining momentum. Cannagrow is currently carrying a market cap of 150M and a shares are trading between $1.30 and $1.47.

Again, CGRW is new on the scene, and as such there is not a long history track here, but that has not stopped traders from jumping in. To gauge the off the charts level of activity; current share volume is nearly 7x higher than average, the price per share has jumped 105% in the last 7 days.

CANNAGROW HLDGS IN COM USD0.001 (OTCMKTS:CGRW) is based out of Englewood, CO.; Fitting location for such an endeavor.

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CGRW has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders.

We dug a little deeper and the best information appears to be, this “Future Plans” statement released by CGRW in September seems to be the best outline of the Company’s vision.

Rod Clawson, Managing Member of Category One Botanicals LLC, the Licensed Grower, states, “Production progress is really starting to accelerate and in anticipation of October and November harvests it is time to get acquainted with Cannabase. The CannaGrow Holdings Staffing Program has done a remarkable job to date in assisting Category One Botanicals to manage the entire facility and now it will be incumbent upon me to ensure there will be an outlet for the quality and quantity of the exceptional product Category One Botanicals will be bringing to market.”

Dr. John P. Janovec, Ph.D., COO of CannaGrow Holdings, adds, “In researching the Cannabase Marketing Platform the first thing I see is that many of the strains currently in production at Buffalo Ranch Facility I are listed for sale in the range of $1,400 to $1,600 per pound and even a few are as high as $2,000. Being able to watch the day-to-day activity of this ‘Cannabis Exchange’ will enable me to direct my cloning of plants for the second grow cycle to accommodate the needs of buyers seeking a higher quality ‘sunshine-grown, hand-trimmed’ product. An added benefit I see is a potential market for clones of popular strains at $7.00 to $15.00 per individual. The Mother Plant Room at the facility can produce large quantities of marketable clones, and we are already maintaining mother plants of highly desirable strains capable of producing large numbers of those clones.”

Jason Wells, Production Manager, added, “Now that I am moving plants into the Ranger Series 2000 Greenhouses to begin flowering, I will commence the process of refilling the Nexus Greenhouse for a speedy eight to ten-week cycle of Indica Strains now being cloned by Dr. Janovec in the Mother Plant room. I am still amazed at the production capabilities of the Colorado Buffalo Ranch Facility I.”

CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity of providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues through its Staffing Program and other services offered to Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.

If CGRW could actually clone popular strains at $7.00 to $15.00 it would be a significant leap for this micro-cap. We will keep and eye on this and see if this footing they have laid in Colorado can be expanded on, or if this is just a one trick pony. We will follow it closely and report on any news out of the CGRW headquarters.  For continuing coverage on $CGRW and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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