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CGRW News Out and Its a Doozie!..
CENTENNIAL, CO--(Marketwired - Feb 3, 2015) - CannaGrow Holdings, Inc., (OTC PINK: CGRW), -- A Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado project.
Mr. Janovec, CannaGrow Holdings, CEO, comments, "NuGro Industries has entered into an agreement to purchase the first of two 3,300 sq. ft. greenhouses manufactured by Nexus Greenhouse Systems."
The Purchase Order from Nexus Greenhouse Systems was submitted on February 2nd, 2015 along with an upfront fee to begin the processing of shop drawings. Nexus has agreed to a material delivery date within a 90-day timeframe upon approval of shop drawings and has provided a list of qualified contractors for the construction of the greenhouse. The Nexus Greenhouse Systems are state-of-the-art facilities that will provide the most efficient controlled environment by utilizing specialized equipment, monitoring systems, while capturing the benefits of natural sunlight each day. The Nexus facility will provide CannaGrow with an optimal production center for their Licensed Growers sub-leasing turnkey grow space. For additional information on the Nexus Greenhouse facilities, please visit their website at: www.nexuscorp.com."
Mr. Janovec went on to say, "The full build-out of the Grow Facility will encompass multiple phases and upon completion will include a 6,600 sq. ft. Nexus Greenhouse, the 3,200 sq. ft. Olympia Steel Head-Works building, and sixteen (16) Hoop-houses. NuGro Industries executed a service/construction agreement and has already paid a fee in the amount of $35,360 to the area utility provider. San Isabel Electric Association, http://www.siea.com/, has accepted payment in full and has agreed to install a three (3) phase 277/480 volt line that will deliver the electrical voltage required to operate the Cultivation Center."
Mr. Janovec also added, "NuGro Industries has met and exceeded our expectations in regard to being a "build-to-suit" developer. The team at CannaGrow Holdings is pleased to see the progress being made and will continue working with the various Contractors and State/County Agencies, to see the Multi-Phased project through to an operational status. The completion of this Project will provide CannaGrow the basis to begin generating revenues from the licensed Growers sub-leasing the Turnkey Growing Facilities being built to the specifications of CannaGrow consultants, Dr. John P. Janovec and Jason Wells."
The actual site plan, grading plan, and phasing plan that was submitted by NuGro Industries, the landowner and developer, can be viewed on our website at: http://cannagrowholdings.com.
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CGRW
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CannaGrow Holdings, Inc? Watchlist
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OTC MarketsMon, Feb 2, 2015 3:57 PM EST
CANNAGROW HOLDINGS INC Financials
EDGAR Online Financials 2 mths ago
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About CannaGrow Holdings, Inc.:
CannaGrow Holdings, Inc. 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.
CannaGrow Holdings, Inc. is currently working with a website designer to update its website to reflect the new business model that will be forthcoming in the very near future.
CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violate the laws of the United States of America.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2013, and the quarterly statements filed in calendar year 2014, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein
Company has been consistent with weekly news/events so odds are tomorrow will be no different.
I was just about to say..people getting out here probably won't be too sure about that tomorrow. Some may jump back in, higher.
Nothing wrong with dreaming big!
People need to set sites/sales higher and it wouldn't be stuck. Regardless its going higher this week. If news didn't hit today, my guess is tomorrow and so far CGRW has not disappointed!
IMO if they were ever big enough to uplist they would get bought out. Companies like Phillip Morris are going to want to have a chunk of the industry and not going to want to do the legwork involved. Instead they will buy already established operations.
Great to see CGRW hitting a fresh audience of investors today, thanks for sharing that!
Just one indoor greenhouse can house over 500 plants. Just one harvest of the plants at an avg of 300 an ounce looking at about 1.5 million dollars. One hoop house can house over 200 plants at avg of 300/ounce about 1 million dollars. I see 6 hoop houses here for each phase..and one green house
http://cannagrowholdings.com/wp-content/uploads/2014/12/phasing-plan.jpg
Uhmm..its a ton of bud and millions of dollars. What an industry, eh?
I have wondered that myself and the best answer I can come up with is dollars. There are just too many variables to know how many. 2, 5, 10? All I do know is it's going to be interesting to continue to watch this unfold. Inning one, and already got one dollar under our belt!
Probably thinking they should buy back in!
I guess a dollar is going to be resistance if every shmuck is going to sit there. Here's an idea, move your orders up and let it have some breathing room!
Like I said only in the first inning and already trading like a seasoned pro!
This is pretty interesting..
http://www.marketwatch.com/story/sec-allows-marijuana-dealer-to-register-stock-2015-01-28
"but volatility is a major element in any OTC especially MJ"..in knowing this you realize the pps could crack either way, whether it be 25 cents or 25 bucks.
No figures released. Just reading/ hearing of how other leasing/grow facilities are structured. This is still the first inning in a game that will go extra innings is how I see it. Be interesting to see what numbers come out of it when we get lets say into the 3rd or 4th inning.
When a licensed grower comes in and utilizes the turnkey facility and grows 50-60 million in bud /year per 5 acres they are looking at a good chunk of revenue from leasing and consulting. They have 20 acres to lease. Mind you, this is a ground floor opportunity and this has only scratched the surface of its full potential. It's a real company and is garnering the respect as such.
On the bright side, we lost some people that bought in much lower, and have a new higher base now with new people that took their shares today.
Some moron put 30k up, so stupid.
Really depends if the idiot seller is still on the box. Would of been a dollar today if someone learned how to unload.
It's not about taking profits, it's how you go about it. Throwing it all up on the offer now acts like a weight. As opposed to staggering sales from where it was trading, in lower quantities. Plus putting chunks on the offer like that invites shorts.
People need to use their head a little. You buy 30,000 shares at .10, that's 3,000 in stock. You go to sell your 30,000 shares at .92, it's now 27,600 dollars. Learn how to sell in smaller lots or going to turn a good day into a not so good day by being shtupid!!!
Otcmarkets is pretty accurate and they have Shares Outstanding 102,073,434 a/o Nov 01, 2014
Various market makers have been shorting this almost every day only to be forced to cover often the same day. I would welcome any amateur group to attempt to short this next week. They will be forced to cover just as the other mm's were. Stocks that are non-dilutive with small floats are the worst candidates to short.
The playing field has narrowed. Legit plus non dilutive equals success!
General market rule of thumb ..bad news Fridays, good news, any day but Fridays. Thursday meeting , no news today means goods news Monday IMO.
hmmm..maybe but cant imagine too many selling ahead of the approval.
about 20-30k shares at any given price they are only showing 1k shares are going through as buys yet doesn't come off the offer. Then they ususally come on the bid at some point bidding for the shares,,but I have yet to see them looking to cover yet today.
Looks to be between 65-75k shares shorted on the day. See if they try to cover end of day.
Really nice day! I am looking forward to the 3 day weekend but also anxious for Tuesday to roll around :)
People trying to break into the MJ Game may have a license to grow but may not have the 500k plus for build out costs that it takes to get started. It's not like they can go to the bank and get a loan either..lol! This is where CannaGrow becomes a necessity.
Accommodate a spring harvest as in lease their turn key facility to a licensed grower.
Hi welcome! In my opinion CannaGrow is moving as quickly as possible to be able to accommodate a spring harvest. They will either do this with the outdoor hoop houses or if that cant be built out in time then I expect them to build out an indoor greenhouse which isn't subject to weather/seasons.
Kinda hard with no real buying pressure to challenge it. 20-25,000 shares would do it.
CannaGrow Holdings Announces Head-House Building Has Been Ordered for the Colorado Project
CENTENNIAL, CO / ACCESSWIRE / January 13, 2015 / CannaGrow Holdings, Inc., (OTC Pink: CGRW) (CGRW), A Liaison and Consultant providing Turn-Key solutions to licensed Growers announces an update on the Colorado project.
Mr. Janovec, CannaGrow Holdings, CEO, remarks, "NuGro Industries, the Landowner and developer for the Colorado Buffalo Ranch Project in Huerfano County, executed the Purchase Order from Olympia Steel Buildings for the Head-House facility. With last week's initial approval of the Land Use Application from the Huerfano County Planning Commission, NuGro Industries felt confident that final approval will be granted and it was time to initiate the 25% non-refundable deposit to get the building scheduled for delivery.
Janovec went on to say, The Head-House building is approximately 3,200 sq. ft. in size and will function as the primary production facility where the majority of the daily administrative and operational tasks are completed each day. The Head-House is being built to the exact specifications of Dr. John P. Janovec and Jason Wells, Consultants, and will consist of the following areas; a Main office area, Offices for Management & Staff, Laboratory area, Propagation and Mother Plant rooms, a Drying room, Receiving-Storage areas, and Warehouse-Working areas. The Head-House will also serve as a main access-way or corridor to the Greenhouses and Hoop-houses when the facilities are completed in Phase I & Phase II of the development.
CannaGrow Holdings will continue in its capacity as the Liaison and Representative for NuGro Industries working with various contractors to see the Multi-Phase project through to finished facilities. The completion of this Project will allow CannaGrow to begin generating revenues from the licensed Growers that will be sub-leasing the Turnkey Growing facilities that is being built to our specifications."
The actual site, grading, and phasing plans, can be viewed on our website at: http://cannagrowholdings.com.
http://finance.yahoo.com/news/cannagrow-holdings-announces-head-house-114500722.html
Relentless work actually is a huge understatement. You should take some time and call the CEO and he can walk you through his footsteps the past 6 months , you will have a new found respect for him and a better understanding of what is transpiring.
Try accomplishing half of what CGRW has in the last 6 months. It has taken hours upon hours of relentless work to get to this point. The shareholders should be grateful there's a hard working determined dedicated team behind them, because of it they will continue to be rewarded!
Also there are only 25 million shares in the float. With the 2 reductions in a/s and cancellation of 25 mill which was returned to treasury, you get the picture of how non dilutive the company is ,and the positive upward manner in which the pps has moved since November supports that.
Here's some good DD for you , this is all verifiable via public releases and filings.
Key achievements to date-
Filed a Disclosure Statement and became completely current with their financials on OTCMarkets.com
Hired a top Law Firm in the Denver Area the specializes in the Medical/Recreational Cannabis Arena in the State of Colorad
Leased an office in Centennial Colorado
Hired a Consultant with a PhD in Botany and a Bachelor of Science in Agriculture.
Reduced the Authorized Shares of the company from 2,000,000 to 500,000
Cancelled the Twenty Five Million shares of restricted common stock and returned the stock to the Company treasury.
Hired Rod Clawson who has a Masters in Marketing and was the logistics manager of a 30,000 sq. ft. botanical and plant facility.
Signed Lease Agreement with NuGro Industries, Inc. for 20 acres in Huerfano County, CO.
The Huerfano County Planning Commission approved the NuGro Industries Land Use Application.
"CannaGrow Holdings, Inc. will continue in its capacity as the Liaison and Representative for NuGro Industries working with Building Contractors, Utility Providers, and the various State/County Agencies to see the Multi-Phase project through to completion. The completion of this Project will allow CannaGrow to begin generating revenues from the licensed Growers that will be leasing the Turnkey Growing facilities that is being built to our specifications."
http://finance.yahoo.com/news/cannagrow-holdings-announces-initial-approval-114500510.html
I think you mean 100%.
You want it to become a dollar stock..lol! CGRW wants to be a contender in the mj/mmj space.