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White House Drug Czar Says Biden Admin Is Reviewing Marijuana Policies And Safe Consumption Sites
The White House drug czar says the Biden administration is “monitoring” states that have legalized marijuana to inform federal policy, recognizing the failures of the current prohibitionist approach. He also said that the federal government is reviewing broader drug policy harm reduction proposals, including the authorization of supervised consumption sites—and going so far as to suggest possible decriminalization.
https://www.marijuanamoment.net/white-house-drug-czar-says-biden-admin-is-reviewing-marijuana-policies-and-safe-consumption-sites/
So What Lol Look At The Float well Under50 Million
So look at the address they use for CGRW filing. A small house inside a residential neighborhood Does that make sense for a legit Public Traded Company? ...JUST More proof of this SCAM from Delmar & Brent
https://www.google.com/search?q=1836+O%E2%80%99Neal+Ave.+Pueblo%2C+CO+81004&rlz=1C1SQJL_enUS872US872&sourceid=chrome&ie=UTF-8
Info is right off CGRW public filing
https://www.otcmarkets.com/otcapi/company/financial-report/332264/content
CROUCH & ASSOCIATES
5148 S 5500 W
HOOPER, UTAH 84315
Mr. Delmar Janovec, President
CannaGrow Holdings, Inc.
1836 O’Neal Ave.
Pueblo, CO 81004
Dear Mr. Janovec,
I have compiled the accompanying consolidated balance sheets of CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.) and its wholly owned subsidiary (the “Company”) as of March 31,
2022 and December 31, 2021, and the related consolidated statements of loss, changes in
stockholders’ deficit and cash flows for the periods then ended in accordance with Statements of
Standards for Accounting and Review Services issued by the American Institute of Certified
Public Accountants.
A compilation is limited to presenting in the form of financial statements information that is the
representation of management. I have not audited or reviewed the accompanying financial
statements and accordingly, do not express an opinion or any other form of assurance on them.
These financial statements have been prepared in accordance with Unites States generally
accepted accounting principles.
I have participated in the decision-making process regarding certain financial transactions and
am therefore not independent.
/s/ Brent Crouch
Brent Crouch
May 11, 2022
Have you EVER check all the past SCAMS from Delmar & Brent and the companies they have DISTROYED?
I have shown REAL Fact after Fact of 27 years of VERY VERY SHADY Business past. I NEVER find or see anywhere, OR read REAL articles/posts of success stories this Management has done!
Just do a little work and see THE TRUTH on CGRW, SGDH, RBSY, SAKL, plus many before companies This management of Delmar & Brent ++ have SCAMMED investors for years right here:
https://www.otcmarkets.com/stock/CGRW/overview
This management is a true example of INVESTMENT SCAMS & SCAM Securities
You are Correct, No one cares about CGRW, That is why NO ONE buys into this management and their Companies anymore.
The Proof to stay away from CGRW and their other Companies as They Love to Reverse Split their stocks to DUMP Shares...See just the R/S on CGRW alone below:
https://www.otcmarkets.com/stock/CGRW/security
SECURITY NOTES
Capital Change=shs decreased by 1 for 1000 split. Effective date=7-5-06
Capital Change=shs increased by 2 for 1 split Ex-date=08/17/2006.
Capital Change=shs decreased by 1 for 17000 split. Pay date=02/21/2012.
CGRW With $5000 a Month Revenue, and just under $1,000,000 Debt, it's just another Normal SCAM on a stock by Delmar & Brent.
Who Cares Penny Land And A Very Low Float !
With Over 27 years of proof that Brent & Delmar have ran SCAMS on ALL of their Companies, WHY do you think these guys with Exposed POOR and NO Management skill can get CGRW to run?
ONLY $5000/month in Revenue WOW, what a JOKE!
Thats .006% of what CGRW Debt is. TRUE sign Delmar & Brent still performing another SCAM on Investors.
Can you post ANY proof that This Company is GROWING enough to pay their bills?
This sure tells THE TRUE story of this Company, JUST another SCAM on investors to trick them out of $$$$$
https://www.otcmarkets.com/otcapi/company/financial-report/332264/content
Only Run will be investors RUNNING away from this Management
IMO CGRW Will Run Again I Do Not Care How Or Why
All that MEANS NOTHING...The management of Delmar & Brent have a track record from at least 1995 to present of Making Companies JUST to sell shares to pay themselves at the same time of NEVER making any of their Companies grow OR SURVIVE
All this info can be found on: https://www.otcmarkets.com/stock/CGRW/overview
Check out RBSY, SGDH & SAKL too and see the SHADY PAST tarck record.
So what does CGRW do with this as having hardly any sales & ZERO Growth of the Company?
https://www.otcmarkets.com/otcapi/company/financial-report/332264/content
CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13
NOTE F – NOTES PAYABLE-RELATED PARTY
As of March 31, 2022, the Company had notes payable to an officer of the Company in the amount of
$411,234. The note is payable on demand and is non-interest bearing and is convertible into common stock,
at the option of the note holder.
As of March 31, 2022, the Company had notes payable to Brent Crouch, a former officer, in the amount of
$411,234. The note is payable on demand and interest of 9% and is convertible into common stock, at the
option of the note holder.
That feedback might help inform the final Cannabis Administration and Opportunity Act (CAOA) that he’s sponsoring alongside Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) and is expected to be filed this month. But it’s also apparently helped guide lawmakers toward an alternative, backup approach, something that would effectively be a marijuana omnibus bill.
https://www.marijuanamoment.net/new-details-on-congressional-marijuana-omnibus-bill-emerge-as-lawmakers-work-for-60-senate-votes/
As Senate Majority Leader Chuck Schumer (D-NY) has continued to work with colleagues on a broad legalization bill, he’s also been actively inviting input from members across the aisle.
https://www.marijuanamoment.net/new-details-on-congressional-marijuana-omnibus-bill-emerge-as-lawmakers-work-for-60-senate-votes/
In addition to the banking and expungements proposals that made waves when discussed publicly at a conference on Thursday by two key House lawmakers, there are also talks about attaching language from other standalone bills dealing with issues such as veterans’ medical cannabis access, research expansion, marijuana industry access to Small Business Administration (SBA) programs and broader drug sentencing reform.
https://www.marijuanamoment.net/new-details-on-congressional-marijuana-omnibus-bill-emerge-as-lawmakers-work-for-60-senate-votes/
New Details On Congressional Marijuana Omnibus Bill Emerge As Lawmakers Work For 60 Senate Votes
[bTwo key congressmen made waves in the marijuana community on Thursday by disclosing that there are high-level talks underway about putting together a wide-ranging package of incremental marijuana proposals that House and Senate lawmakers believe could be enacted into law this year. But multiple sources tell Marijuana Moment that issues under consideration go further than the banking and expungements reforms that were at the center of the public discussion that has emerged.]
https://www.marijuanamoment.net/new-details-on-congressional-marijuana-omnibus-bill-emerge-as-lawmakers-work-for-60-senate-votes/
The discussions touched on a broad range of cannabis reform proposals, including the possibility of combining two pieces of existing bipartisan legislation: the Secure and Fair Enforcement (SAFE) Banking Act and the Harnessing Opportunities by Pursuing Expungement (HOPE) Act.
https://www.marijuanamoment.net/schumer-and-pro-legalization-gop-congressman-in-talks-over-marijuana-banking-and-expungements-compromise/
Schumer And Pro-Legalization GOP Congressman In Talks Over Marijuana Banking And Expungements Compromise
[bSenate Majority Leader Chuck Schumer (D-NY) has held recent talks with a key GOP House lawmaker about possible interim, bipartisan cannabis reform steps that can be taken as he continues to finalize a comprehensive legalization bill, staffers from both offices told Marijuana Moment on Thursday.]
https://www.marijuanamoment.net/schumer-and-pro-legalization-gop-congressman-in-talks-over-marijuana-banking-and-expungements-compromise/
Another massive volume day for CGRW, started morning off with a 4 share buy... WOW, then finished day with 3727 total shares traded. About the same as the ZERO volume days.. LOL
This management keeps proving since 1995 that they don't run their Companies.
Go to OTC site to see the truth
WOW, 100 share Buys to Trick people to think stock is running....Someone putting BIG money on the line, NOT, That be $2.50 cent BUYS.
JUST Look at the last CGRW Filing posted on OTC site:
https://www.otcmarkets.com/stock/CGRW/overview
Management Delmar & Brent continue THE SAME SCAM on investors since 1995 They make hardly ANY sales, NO GROW of Companies they run, JUST Makes Notes, convert to shares to Sell to un-aware Investors so they can make Huge salaries for NEVER running any of their Companies
This off the recent Filing
STOCKHOLDERS' DEFICIT
Additional paid-in Capital 7,565,005 7,565,005
Subscription receivable
Retained deficit (8,544,479) (8,539,881)
Total Stockholders' Deficit (825,216) (820,618)
Total Liabilities and Stockholders' Deficit $ 45,000 $ 30,000
This Management has a Track record of this, just check their Companies CGRW, SGDH, RBSY, SAKL and other once before Companies before Name Changes & R/S
Thanks Doug. I appreciate it.
Thanks,
Not worried about others LOL at me as I am posting real info, NOT someone FAKE pumping a stock.
Just got burnt from this Management many years ago, in the mid 2000's . Did not realize the connection when I got stuck holding RBSY from 2006/2007 and all of a sudden couple of years ago RBSY started trading, 13 years later.
Even though I only trade stocks over $5 and never penny stocks since around 2010, I started to play around with these others because I listened to people on the board when RBSY was trading. ONLY to later do some DEEP but easy info checking and Figured out the SCAM this management runs.
I only post TRUE Facts on these Management, of course have the LINKS to back it up.
Good luck to you and anyone holding CGRW, SGDH, RBSY, SAKL.
And of course, do your DD
Hey bro - I wouldn’t laugh at you. That’s not how I am. Most of the douchebag traders in this space probably are laughing at you. People are simply ridiculous.
But dude, the systems that are in place are scams and the companies in the OTC especially are. I found out the hard way with SGDH. I lost money and it stings. I no longer hold shares. But SGDH, CGRW, RBSY, and the others are just like 99% of the companies listed in the OTCM. Maybe SGDH and CGRW will succeed, maybe not, but to single out these tickers when the majority are actually worse isn’t productive. It’s healthier to just move on.
Anyway, I hope you succeed and I hope anyone invested in SGDH or CGRW succeeds as well. Anyone who thinks that there’s not enough room at the top for everyone is either a scammer, douchebag, or hasn’t been there.
Good luck man.
Laugh at me BUT look at ALL THE name Changes This Management has made with this stock:
NEWS FLASH, Info on OTC website:
https://www.otcmarkets.com/stock/CGRW/overview
1) Name and address(es) of the issuer and its predecessors (if any)
In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the
dates of the name changes.
Name of issuer:
CannaGrow Holdings, Inc.
Predecessors:
Topper’s Brick Oven Pizza, Inc., --- Name effective on May 5, 1995
Famous Food Group, Inc., ---Name change effective on February 21, 2003
Kootenai Corp.---Name change effective on June 22, 2006
BizAuctions, Inc.---Name change effective on August 3, 2006
CannaGrow Holdings, Inc.---Name change effective on November 1, 2014
----------------------------------------------------------------------------------------
I think Investors have FINALLY caugh on to The many year SCAM of this Management. How many name changes does it take to realize this????
1995 to 2022???
AND this is JUST 1 Company out of 4 they run right now
Buyers BEWARE, Do your DD and all there Companies CGRW, SGDH, RBSY, SAKL
Love how you come LOL at me for stating THE TRUE
BUT do not come on with ANY Data, facts, News updates on CGRW or This management that run CGRW, SGDH, RBSY and SAKL Thats because there is NON, its another SCAM for fooling Investors
DELMAR & BRENT been hurts people out of $$$$ for atleast 27 years
Well here is just 1 open fact EASY to find about CGRW on OTC:
https://www.otcmarkets.com/stock/CGRW/overview
SECURITY NOTES
Capital Change=shs decreased by 1 for 1000 split. Effective date=7-5-06
Capital Change=shs increased by 2 for 1 split Ex-date=08/17/2006.
Capital Change=shs decreased by 1 for 17000 split. Pay date=02/21/2012
Why don't we see ANY TRUE Company Growth facts on CGRW that can be proven correct with REAL Proof?
Thats because NO-ONE has ANY!!!! LOL
Invest away if you like being Tricked OUT OF $$$$
New flash Captain Obvious - so is 99% of the OTC.
LOL, now that is funny.
BUT it is THIS Management that has a track record for sooo many years of some many Companies of Running SCAMS on investors. They make a name, Pump it, SELL Shares at the same time NEVER making it a real Company.
All this is done on the BACKS of investors that does not know what they have done for years.
The Proof
https://www.otcmarkets.com/stock/CGRW/overview
Just put CGRW, SGDH, RBSY and SAKL and you will see all the other Companies and The SCAM they have run on Investors
You Should Post On Every Penny Stock Board lol
WELL, how can you Buy Low and Sell High when you are reporting this stated below on May 2022
CGRW is BLEEDING $$$ and has a NEGITIVE working Capital of a ($825,216) Which in on MAJOR decrease in Revenue!
NO $$$$ for a Company of ONLY 2 employess.... Delmar & Brent.
The SAME 2 people that has CRASHED & BURNED soooooo many other Companies
AND how about this SHOCKING piece of information on the OTC Website
Capital Change=shs decreased by 1 for 17000 split. Pay date=02/21/2012.
Right off the OTC website:
https://www.otcmarkets.com/otcapi/company/financial-report/332264/content
Just some Highlights off report
The Company operates out of Pueblo, Co., and has two (2) full time employees at the end of this reporting
period, 2021.
CannaGrow Holdings revenue from operations for the quarter ended March 31, 2022, decreased to $15,000
from $161,375 for the corresponding quarter ended March 31, 2021. The change in revenues is due to
business fluctuations, and renegotiation of the lease.
Cash and Cash Equivalents
For the purposes of the Statements of Cash Flows, the company considers all highly liquid debt instruments
purchased with a maturity date of three months or less to be cash equivalents.
Income Taxes
The Company has adopted Financial Accounting Standard No. 109 (SFAS 109) which requires the
recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have
been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets
are determined based on the difference between financial statements and tax basis of assets and liabilities
using enacted tax rates in effect for the year in which the differences are expected to reverse. Temporary
differences between taxable income reported for financial reporting purposes and income tax purposes are
insignificant.
Net Loss Per Common Share
The Company computes earnings per share under Financial Accounting Standard No. 128, "Earnings Per
Share" (SFAS 128). Net loss per common share is computed by dividing net loss by the weighted average
number of shares of common stock and dilutive common stock equivalents outstanding during the year.
Dilutive common stock equivalents consist of shares issuable upon conversion of convertible preferred
shares. During the periods ended March 31, 2022, and December 31, 2021, common stock equivalents are
not considered in the calculation of the weighted average number of common shares outstanding because
they would be anti-dilutive, thereby decreasing the net loss per common share.
CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
10
NOTE A – SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect certain reported amounts and disclosures.
Accordingly, actual results could differ from those estimates.
Revenue Recognition
Revenue is recognized at the time the consulting services is provided to a client.
Advertising
The Company follows the policy of charging the costs of advertising to expenses as incurred. For the periods
ended March 31, 2022, and December 31, 2021, advertising costs were not material to the statement of loss.
Liquidity
As shown in the accompanying financial statements, the Company has incurred a loss from operations before
extraordinary items of ($4,598) during the period-ended March 31, 2022. As of March 31, 2022, the
Company had working capital deficit of ($825,216). In order for the Company to sustain operations,
additional working capital must be raised by increases in revenue realizing profitable margins, by the sale of
equity securities, advances or loans from financial institutions or its affiliates.
Concentrations of Credit Risk
Financial instruments and related items, which potentially subject the Company to concentrations of credit
risk, consist primarily of cash, cash equivalents and related party receivables. The Company places its cash
and temporary cash investments with credit quality institutions. At times, such investments may be in excess
of the FDIC insurance limit.
Stock Based Compensation
In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based Compensation-Transition
and Disclosure-an amendment of SFAS 123." This statement amends SFAS No. 123, "Accounting for StockBased Compensation," to provide alternative methods of transition for a voluntary change to the fair valuebased method of accounting for stock-based employee compensation. In addition, this statement amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both annual and interim
financial statements about the method of accounting for stock-based employee compensation and the effect
of the method used on reported results. The Company has chosen to continue to account for stock-based
compensation using the intrinsic value method prescribed in APB Opinion No. 25 and related interpretations.
Accordingly, compensation expense for stock options is measured as the excess, if any, of the fair market
value of the Company's stock at the date of the grant over the exercise price of the related option. The
Company has adopted the annual disclosure provisions of SFAS No. 148 in its financial reports for the
reporting periods of March 31, 2022, and December 31, 2021.
CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
11
NOTE A – SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
Comprehensive Income
Statement of Financial Accounting Standards No. 130, "Reporting Comprehensive Income" (SFAS 130),
establishes standards for reporting and display of comprehensive income, its components, and accumulated
balances. Comprehensive income is defined to include all changes in equity except those resulting from
investments by owners and distributions to owners. Among other disclosures, SFAS 130 requires that all
items that are required to be recognized under current accounting standards as components of comprehensive
income be reported in a financial statement that is displayed with the same prominence as other financial
statements. The Company adopted SFAS 130 during the periods ended March 31, 2022, and December 31,
2021, and has no items of comprehensive income to report.
Segment Information
Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise, and
Related Information (SFAS 131) establishes standards for reporting information regarding operating
segments in annual financial statements and requires selected information for those segments to be presented
in interim financial reports issued to stockholders. SFAS 131 also establishes standards for related
disclosures about products and services and geographic areas. Operating segments are identified as
components of an enterprise about which separate discrete financial information is available for evaluation
by the chief operating decision maker, or decision-making group, in making decisions to allocate resources
and assess performance. The information disclosed herein, materially represents all of the financial
information related to the Company's principal operating segment.
Who Cares Lol Buy Low Sell High IMO .
DrivenByPain, what do think will happen when CGRW hits .0001 ? How can the company survive?
I think the constant drift lower shows there is No One left that trusts this management, even if Chuck passes the Pot Bill.
Only .0239 more down to go till CGRW hits it FINAL DESTINATION OF .0001
Last Buyer, please turn the Lights OFF
https://www.otcmarkets.com/stock/CGRW/overview
look at the new 2022 filings, 27 years of Name Changes and Note writing.
Obviously yes No One cares about the Companies this management runs, that's why the only trend is Down, and NOW 2 of their 4 Companies RBSY and SGDH are in The Dark Market.
Big BIG dreams for anyone that think they get to Buy Low, Sell High. More like Buy Low, Sell LOWER
Here is the TRUE FACTS
https://www.otcmarkets.com/stock/CGRW/overview
Who Cares This Is Penny Land Buy Low Sell High LMAO !
How does this matter when this management has OVER 20 years of making Companies NOT to GROW the Company, but to just use it to sell shares just make a Salary for themselves, and Screwing investors along the way.
Read The TRUTH about all this management companies CGRW, RSBY,SGDH & SAKL on:
https://www.otcmarkets.com/index.html
Over 20 years of facts DON'T LIE!
Schumer Says He’s Discussed Marijuana Bill With Six Republicans In Speech At NYC Legalization Rally
Senate Majority Leader Chuck Schumer (D-NY) joined other lawmakers, advocates and celebrities in New York City on Saturday to speak at a marijuana rally as he works to finalize a bill to end federal cannabis prohibition.
https://www.marijuanamoment.net/schumer-says-hes-discussed-marijuana-bill-with-six-republicans-in-speech-at-nyc-legalization-rally/
Before investing in CGRW, look at another one of this management companies that is about to be forced to go Dark, SGDH.... RBSY already been Dark since last fall.
All the info is NOW exposed on:
https://www.otcmarkets.com/index.html
This management is nothing but SCAMMERS, just use all their companies SGDH, CGRW, RBSY & SAKL, ect. to sell shares to make salaries for themselves. Never do they try to grow the companies
They have over 20 years been doing this, do Notes that convert to shares, do R/S and change the Companies/symbols to try to hide how they SCAM investors.
This management is finally being truely Exposed, they can't hide anymore thanks to the new SEC Rule 15c2-11
Finally investors are being protected.
A top staffer for Senate Majority Leader Chuck Schumer (D-NY) spoke on Thursday about the path forward for a federal marijuana legalization bill and the prospects of passing incremental measures like cannabis banking reform in the interim.
https://www.marijuanamoment.net/top-schumer-aide-talks-next-steps-for-marijuana-legalization-and-cannabis-banking-reform/
With A Float Well Under 50 Million Lol Not For A Long Time !
https://www.otcmarkets.com/stock/CGRW/security
[SECURITY NOTES
Capital Change=shs decreased by 1 for 1000 split. Effective date=7-5-06
Capital Change=shs increased by 2 for 1 split Ex-date=08/17/2006.
Capital Change=shs decreased by 1 for 17000 split. Pay date=02/21/2012./b]
Above is Right off of OTC site:
https://www.otcmarkets.com/stock/CGRW/security
DrivenByPain, when do you thing CGRW will do another Reverse Split again?
Last one in 2012 was a WHOPPER of a R/S...still the same Management here as back then.
I Agree But ? No Guts No Glory With A Risk Of High Reward All In My Opinion Of Course
The Investors that got SCAMMED & BOUGHT the stock CGRW own those Un-payable notes!
This management does NOTHING for Investors, JUST scam them. Look at all their Companies CGRW, SGDH, RBSY, SAKL......
Here: https://www.otcmarkets.com/index.html
The OCT market site shows This Management DARK DARK past of creating NOTHING.
Buyers BEWARE, do some DD on these guys!
Lol Do You Know To Whom Owns Those NOTES
A vote means NOTHING for CGRW because CGRW is run by a GHOST Management w/NO plans on growth or a Value for Investors .
Look at OTC records on past filing, CGRW only knows how to Make Notes & convert them into Shares to DUMP onto Market.
From OTC website
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
12
NOTE A - SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
NOTE B – ACQUISITION
On June 28, 2006, the Company entered into a purchase agreement ("Agreement") with Green Endeavors
LTD., formerly Net2Auction, Inc., to acquire a 100% interest in BizAuctions, Corp. for the issuance of Fifty
(50,0000,000) million shares of common restricted stock.
NOTE C – DUE FROM AFFILIATES
The Company had zero amounts of receivables due from Affiliates as of this reporting period, December 31,
2021.
NOTE D – INVENTORY
Inventory is valued at the lower of cost or market value.
NOTE E – RELATED PARTY TRANSACTIONS
During the calendar year 2012, the Company issued 33,333,300 shares of common restricted stock at $0.015,
per share, to an officer and director of the Company in exchange for a partial reduction of a note payable, in
the amount of $49,999.
During the calendar year 2012, the Company issued 1,090,910 shares of common restricted stock at $0.037,
per share, to an officer and director of the Company in exchange for a partial reduction of a note payable in
the amount of $40,367.
During the calendar year 2012, the Company issued 508,075 shares of common restricted stock at $0.02, per
share, to an officer and director of the Company in exchange for a partial reduction of a note payable, in the
amount of $10,162.
During the calendar years 2009 and 2008, the Company issued its parent 60,000,000 shares of common
restricted stock and 42,000,000 of Series A Preferred for services rendered and financial guarantees.
During the calendar year 2009, the Company issued 50,000,000 shares of common restricted stock to the
officers of the Company for services rendered and financial guarantees.
During the calendar year 2009, the Company issued its parent 10,000,000 shares of Series D Preferred in
exchange for the partial reduction of debt in the amount of $179,046 owed to its parent.
During the calendar year 2008, the Company issued 8,000,000 shares of restricted common stock to an
officer of the Company for the conversion of debt in the amount of $80,000 that was owed to the officer of
the Company.
On June 28, 2006, the Company purchased 100% of Green Endeavors LTD., formerly Net2Auction, Inc.’s
subsidiary, BizAuctions, Corp. for the issuance of Fifty (50,000,000) million shares of its common restricted
stock. The total value of the transaction was $154,400.
CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13
NOTE F – NOTES PAYABLE-RELATED PARTY
As of December 31, 2021, the Company had notes payable to an officer of the Company in the amount of
$408,734. The note is payable on demand and is non-interest bearing and is convertible into common stock,
at the option of the note holder.
As of December 31, 2021, the Company had notes payable to Brent Crouch, a former officer, in the amount
of $408,734. The note is payable on demand and interest of 9% and is convertible into common stock, at the
option of the note holder.
NOTE L–OTHER MATTERS
The Company received notice in the 4th quarter 2021 from the accredited investors holding debt instruments
in the Company, that all Convertible Promissory Notes and accrued interests are forgiven. The cancellation
of the notes and interests were due in part by the recent reinterpretations of the SEC Regulation-Statues
governing Convertible Promissory Notes.
The Company filed to amend its articles of incorporation with the State of Delaware on August 11, 2015,
whereby amending its articles of incorporation after receiving written consent by more than 70% of the
shareholders of the Company, to reduce the authorized common stock from Five Hundred Million,
(500,000,000), to Three Hundred Million, (300,000,000) shares with an effective date of September 22,
2015. Shareholders of record as of August 7, 2015, were given notice of this corporate action by regular
mail. The Company was not required to file a Notice of Corporate Action with FINRA.
The Company filed with FINRA for a Notice of Corporate Action on or about October 17, 2014, whereby
the Company amended its articles of incorporation with the State of Delaware on October 2, 2014, after
receiving consent by more than 70% of the shareholders of the Company, to change the corporate name of
the Company to CannaGrow Holdings, Inc., with an effective date for the name change of November 1,
2014. Shareholders of record as of October 2, 2014, were given notice of this corporate action by regular
mail. The Company received final approval from FINRA on November 5, 2014 for the name change and a
new CUSIP number from CUSIP.
The Company filed to amend its articles of incorporation with the State of Delaware on November 5, 2014,
whereby amending its articles of incorporation after receiving consent by more than 70% of the shareholders
of the Company, to reduce the authorized common stock from Two Billion, (2,000,000,000), to Five
Hundred Million, (500,000,000) shares and the Preferred Shares remaining at One Hundred Fifty Million,
(150,000,000), shares with an effective date of December 1, 2014. Shareholders of record as of November 2,
2014, were given notice of this corporate action by regular mail. The Company was not required to file a
Notice of Corporate Action with FINRA for this corporate action.
On December 16, 2011, the Board of Directors, as approved by written consent of the majority shareholders
in excess of 60% of the voting rights of the Company, received the approval and authorization for a
reclassification or reverse split of the common stock for a 1:17,000, and filed with the State of Delaware for
an amendment to the Articles of Incorporation on December 19, 2011, with an effective date of December
28, 2011. The shareholders of record on December 16, 2011 received notice of the action taken by the Board
of Directors. The Company filed with FINRA and CUSIP for the reclassification of the common stock on
December 23, 2011, with final approval on February 17, 2012.
CannaGrow Holdings, I
Schumer Makes ‘Promise’ On Marijuana Legalization Bill Timeline After Repeated Delays
https://www.marijuanamoment.net/schumer-makes-promise-on-marijuana-legalization-bill-timeline-after-repeated-delays/
Schumer’s Marijuana Legalization Bill Not Coming This Month, As Senators Work To Finalize Provisions
https://www.marijuanamoment.net/schumers-marijuana-legalization-bill-not-coming-this-month-as-senators-work-to-finalize-provisions/
Schumer Talking To GOP To ‘See What They Want’ In Marijuana Legalization Bill Coming This Month
Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday that he and colleagues are in the process of reaching out to Republican senators to “see what they want” included in a bill to federally legalize marijuana he’s planning to introduce later this month.
https://www.marijuanamoment.net/schumer-talking-to-gop-to-see-what-they-want-in-marijuana-legalization-bill-coming-this-month/
Maybe Some New Shareholders Coming In This Week CGRW(
CGRW Is A Time Bomb
House Approves Federal Marijuana Legalization Bill For Second Time In History
The U.S. House of Representatives on Friday approved a bill to federally legalize marijuana for the second time in history, also adopting a pair of amendments to the legislation before final passage.
https://www.marijuanamoment.net/house-begins-final-debate-on-federal-marijuana-legalization-bill-with-floor-vote-imminent/
House Begins Final Debate On Federal Marijuana Legalization Bill, With Floor Vote Imminent
The U.S. House of Representatives on Friday morning opened up debate on a bill to federally legalize marijuana, with a floor vote expected within hours.
https://www.marijuanamoment.net/house-begins-final-debate-on-federal-marijuana-legalization-bill-with-floor-vote-imminent/
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