Xtreme One Entertainment Inc (XONI)

[I-Glow]

Damn, CGRW is insolvent! The Assets are just $283,018 and the Liabilities are $3,134,996.

In the last financial statement I found the following:

Once the “Turn-Key” Growing Facilities are built to the exact specifications of expert consultants already employed by CannaGrow Holdings, Inc

I don't see any Salaries and Wages entry in the financial statement and I don't see any consultant fees.

But the oddities don't end there - Janovec has as a Asset the following: Intangible assets - Candwich License 250,000

If you backout the Candwich license the CGRW Assets are only $33,018 - the Candwich License is worthless - so the real Assets are $33,018.

CGRW is insolvent.

IG