CGrowth Capital Inc (CGRA)

[Prudent Capitalist]

Bingo!! Nice find. Thanks for sharing it:

People are clearly quite excited about the news, but we're still not entirely convinced. Also on Friday, CGRA published their report for the first quarter of 2015 and they presented us with the following figures:

•cash: $1,729

•current assets: $185,087

•current liabilities: $1,911,198

•quarterly revenue: $46,963 (a 58% drop on a quarter-over-quarter basis)

•quarterly net loss: $210,358

These sort of figures aren't really in line with the “game changer” argument, and we should probably point out that a few questions pop up around CGRA's new partners as well.

Wildfire is a private entity which means that we don't know what its financial situation is. We do know, however, that it doesn't have a website and we also know that Wildfire Cannabis Company LLC, the company that is about to spend more than $2 million on rent alone, was incorporated just over eight months ago.

http://www.hotstocked.com/article/90137/cgrowth-capital-inc-otcmkts-cgra-likes-the.html