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
