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Re: None

Monday, 07/25/2016 11:04:16 PM

Monday, July 25, 2016 11:04:16 PM

Post# of 56528
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

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