CannaGrow Holdings Inc (CGRW)

[DrivenByPain]

CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE O - GOING CONCERN
The accompanying consolidated statements have been prepared on a going concern basis, which contemplates
the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the
financial statements during the period ended June 30, 2022, the Company incurred a loss from operations of
($8,948) and has not obtained positive cash flow from operation under its current operating plan. This may
indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company's existence is dependent upon advances from its Parent company and its affiliates, the sale of
additional equity stock, loans, and management's ability to develop profitable operations. Management
anticipates the Company will attain profitable status and improve its liquidity through the continued
developing, marketing, and selling of its products and additional equity investments in the Company. The
accompanying financial statements do not include any adjustments that might result should the Company be
unable to continue as a going concern. In order to improve the Company's liquidity, the Company is actively
pursuing additional equity financing through discussions with investment bankers and private investors. There
can be no assurance the Company will be successful in its effort to secure additional equity financing. If
operations and cash flows continue to improve through these efforts, management believes that the Company
can continue to operate and achieve profitability. However, no assurance can be given that management's
actions will result in profitable operations or the resolution of its liquidity problems.

https://www.otcmarkets.com/otcapi/company/financial-report/344006/content