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Tuesday, April 20, 2021

The Exciting Story of CGrowth Capital Inc (OTCMKTS:CGRA)

CGrowth Capital Inc (OTCMKTS:CGRA) is one penny stock that has got everyone{s attention running from $0.0008 lows earlier this year to recent highs well over the $0.02 mark. The stock has also attracted a large following that has transformed CGRA into a volume leader.

CGRA started to run in April after they announced the execution of a LOI with Wildfire Cannabis Company, LLC to lease a portion of their properties in Chewelah, Washington to grow pot. CGRA quickly gained approvals by both Stevens County and the state of Washington probably due to the fact that they have 2 wells on site that can pump 5000/gal a day. Currently they are working on the initial 90,000 square feet of canopy space and is working towards doubling its capacity during the year for a total of six licensed tenants (there are currently three tenants under contact). Under the Company’s turnkey lease terms, the rental potential is in excess of $2,000,000 annually.

CGrowth Capital Inc (OTCMKTS:CGRA) has traditionally billed itself as a holding company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate.

The Company owns approximately 47 net acres of industrial land property as well as over 1000 acres of mineral rights & leases located in Stevens County, Washington. Recently CGRA has begun to strategically leverage assets for maximum value within the legally developing cannabis industry currently underway in Washington State.

Back in April CGRA announced the execution of a Letter of Intent (LOI) with Wildfire Cannabis Company, LLC to lease a portion of our properties in Chewelah, Washington. Wildfire Cannabis Company, LLC holds a Tier 3 Producer / Processor License in Washington State.

As a licensed Tier 3 marijuana producer and licensed processor, Wildfire Cannabis Company is currently qualified to manage between 10,000 square feet to 30,000 square feet of marijuana plant production, as well as additional processing within Washington State (the largest available license). A marijuana producer license allows the licensee to produce, harvest, trim, dry, cure, and package marijuana into lots for sale at wholesale to marijuana processor licensees and to other marijuana producer licensees.

CEO Bill Wright said at the time “We view corporations like Wildfire Cannabis Company as some of the highest value tenants currently available in the state. By restructuring the leases on our properties, and extending them to legally operating cannabis companies, we believe we can maximize lease rates, profits, and in turn shareholder value.”

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Back in May CGRA announced Wildfire Cannabis Company the Company’s Tier 3 cannabis producing tenant, has successfully passed their Final Inspection with the Washington State Liquor Cannabis Board (“LCB”). With this milestone, Wildfire will now move to finalize Phase I of the development and begin plant production in the days to come. The status change means revenues are imminent for the Company, who will concurrently begin Phase II of the buildout and production with Wildfire to include additional outdoor grow operations.

The Company previously announced approvals by Stevens County and the state of Washington for the legalized production and processing of cannabis at the Company’s Chewelah facility. Based on the current infrastructures and approvals, the Company is working on the initial 90,000 square feet of canopy space and is working towards doubling its capacity during the year for a total of six (6) licensed tenants (there are currently three (3) tenants under contact). Under the Company’s turnkey lease terms, the rental potential is in excess of $2,000,000 annually.

On July 15 CGRA announced its wholly owned subsidiary, CGrowth Capital Bond, Ltd., has amended its Bond offering in the United Kingdom to £30,000,000 British Pounds Sterling (~$40,000,000 USD). The Company’s decision to increase the Bond followed recent long term interest and commitment by third-parties to fund beyond the initial offering. Details of the amended Bond Issue 1 Series 1 v2.0 will be released shortly under http://CGrowthCapitalBond.com following required administrative procedures.

To date, CGrowth Capital Bond Ltd. has issued bonds totaling nearly £12,000,000 British Pounds Sterling (~$16,000,000 USD) in exchange for cash and other assets. In turn, the Company’s oil and gas project, held under Powder River Resources, has received funding to advance its business in Wyoming.

CGRA CEO Bill Wright said “We are extremely pleased with the results that we are seeing from the bond offering. With long term commitments to fund beyond our initial target, we are now able to plan for additional growth well into 2017, evaluate new business and asset opportunities, and take advantage undervalued assets that our currently producing cash flow.”

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Currently trading at a $7.5 million market valuation CGRA had $3.5 million in the treasury and $17 million in assets compared to $12 million in debt according to their May 19 disclosure. CGRA is one exciting story in small caps; the Company has been raising large sums of money through their bond offerings and recently announced their intention to up-list to a major exchange. CGRA also owns a property in Chewelah, Washington with 2 wells on site that can pump 5000 gal a day that is being leased by Wildfire Cannabis Company to grow pot. We will be updating on CGRA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CGRA.

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Disclosure: we hold no position in CGRA either long or short and we have not been compensated for this article.

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1 COMMENT

  1. Have you seen CGRA recently? Company has expanded the lease to Wildfire, offering new Gold Sukuk bonds in Malaysia, completed first new well, posted the UK audit on OTC Markets website, are in confirmation stage with U.S audit, and are getting ready to uplist. I say they have accomplished a lot in a year!

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