Silky's Penny Explosion

[MaxPowerLove$Ihub]

$CGRW: Can't Touch This; How Some Companies Are Making Money On Cannabis Without Touching A Plant

CORAL GABLES, FL / ACCESSWIRE / November 11, 2014 / There's no secret to the marijuana industry…it's here and it's happening. The legalization of medical and recreational cannabis spans nationwide in 25 states including the US Capitol. Many companies have focused their efforts on direct contact through the cultivation of cannabis from seed to plant, in anticipation for legalization. But in states like Florida which came up short in this year's midterm, companies who once banked on an end to prohibition in their respective state need to wait longer and barriers to entry remain. For others who have focused on more ancillary means of capitalizing on this latest industry boom, the overall growth potential is less inhibited and invites a more viable opportunity for investment in the space.

Take CannaGrow Holdings (CGRW) for example. The Company flat out states that it "does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violates the laws of the United States of America". But what it actually does could be an asset to many businesses looking to break into the dispensing and growing space within the Colorado market. The Company consults and acts as a liaison of sorts to provide licensed growers with ready to go grow facilities in Colorado. Now that more states have come online for legalization, management at CannaGrow states that the Company is in an ideal position to see substantial gains. For the stock, that has certainly held true in November. Since the beginning of the month CGRW has jumped as much as 174% after seeing highs of $0.26 in Monday's session.

Despite a late afternoon pull-back, investors should be pleased to find that this morning CannaGrow announced that it has reduced the common shares issued by 20% after it canceled 25 million shares of common stock. This move is part of an ongoing effort by the Company to increase and maintain shareholder value. Delmar Janovec, CannaGrow Holdings, CEO stated, "The cancellation of a significant amount of the issued and outstanding, along with the reduction of the authorized shares, will certainly enhance CannaGrow Holdings good standing as we stake our claim in the Medical-Recreational Marijuana industry in Colorado."


http://finance.yahoo.com/news/cant-touch-companies-making-money-143000792.html




- Go CGRW