CannerGrow Review – Cannabis Ponzi Scam?

  • Products
  • User Friendly
  • Compensation Plan
  • Ponzi?
2.4

Summary

CannerGrow is a cryptocurrency cannabis MLM that guarantees passive returns. Cannergrow seems legit on the surface but read this Cannergrow review and find out if it is Legit or a Ponzi.

CannerGrow Review – Cannabis Ponzi Scam?

CannerGrow is a cryptocurrency cannabis MLM that guarantees passive returns. Cannergrow seems legit on the surface but read this Cannergrow review and find out if it is Legit or a Ponzi.

Here’s why Cannergrow is Ponzi like:

  • Unregistered security (anything that guarantees a return, legally needs to be registered to do so)
  • Why do they need their own crypto token? (cash grab, usual pump and dump mlm ponzi coin)
  • When was the ICO? (there wasn’t?)
  • $350 euro for one plant? Isn’t that expensive?
  • Seems legit to most as they really grow weed, but does not really prove where the ROI comes from.
  • I think a lot of ROI comes from people recruiting and investing – ( Ponzi )
  • They will have regulatory issues

CannerGrow’s website domain (“cannergrow.com”) was registered on April 5th, 2019. Sascha Waeschle is listed as the owner, through an address in Rottweil, Germany.

According to CannerGrow’s website, the company is “a project founded by Cannerald”.

Cannerald claims to be a “Swiss research and production company of cannabis.”

According to a Cannerald marketing presentation;The company was founded in 2017 as a project of MSL Industries GmbH and was spun off as a separate company on 18.07.2018 as Cannerald GmbH based in Pfäffikon, Switzerland.

cofounders-cannerald-cannergrow

 

The main founders of Cannerald are Sascha Adrian Waeschle, Severin Jem Amweg, Levin Kim Amweg and Maik Marcel Pietrowski.

Cannerald’s website domain was registered in late December 2017. The company claims it was “registered in July 2018.”

Despite launching roughly a year ago, Alexa tracks next to no traffic to Cannerald’s website (rank ~5 million).

This suggests Cannerald as a stand-alone business was a flop.

CannerGrow appears to have been launched a few months ago to resuscitate what’s left of Cannerald.

Read on for the CannerGrow Review. Is it scam or Legit?

CannerGrow Products

CannerGrow has no retailable products or services, with affiliates only able to market CannerGrow affiliate membership itself.

CannerGrow Compensation Plan

CannerGrow affiliates invest funds on the promise of “expected value” advertised returns.

You must buy at least 1 plant ($350 euro) to earn from the Cannergrow compensation plan.

  • 1 Plants – invest €350 EUR and receive €50 EUR every two to three months
  • 10 Plants – invest €3500 EUR and receive €500 EUR every two to three months
  • 25 Plants – invest €8750 EUR and receive €1250 EUR every two to three months
  • 100 Plants – invest €35,000 EUR and receive €5000 EUR every two to three months

Cannergow Referral Commissions

CannerGrow pays referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1)

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so on.

CannerGrow pays referral commissions 5 levels deep.

Referral commissions are paid out as a percentage of funds invested across these 5 levels:

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 2%
  • levels 3 to 5 – 1%

ROI Matching Bonus

CannerGrow pays a matching bonus on returns paid to unilevel team affiliates.

The ROI Matching Bonus also pays 5 levels deep.

  • level 1 – 10% ROI match
  • level 2 – 4% ROI match
  • levels 3 to 5 – 2% ROI match
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Joining CannerGrow

CannerGrow affiliate membership is attached to an initial €350 to €35,000 EUR investment.

Cannergrow Conclusion

CannerGrow represents that its affiliates are investing in cannabis plants.

As part of Cannerald’s business operations, the company supposedly has two growing warehouses in Switzerland and the UK.

cannergrow growing sites

 

Here is the obvious issues with CannerGrow’s claims:

CannerGrow’s advertised returns are 50% of revenue generated per plant. The other 50% is kept by the company.

If Cannerald is capable of generating a consistent €10,000 EUR return on a €35,000 investment “every 2-3 month(s)”, why did Cannerald flop? And also why would they need your money?

Cannerald’s website was registered in December 2017. So what has its founders been doing since then?

CannerGrow will also have obvious regulatory issues.

CannerGrow is offering a passive investment opportunity with fixed returns. It’s affiliates invest funds into the company, do nothing and collect a passive return.

cannergrow fixed returns

 

This constitutes a securities offering, requiring Cannerald to register its CannerGrow investment opportunity with financial regulators.

Cannerald makes no representation on its website that it has registered in any jurisdiction it solicits investment in.

This basically means Cannerald and CannerGrow are committing securities fraud.

As part of their regulatory reporting requirements, CannerGrow is required to disclose how and to whom they’re purportedly selling their cannabis harvests to.

They don’t do this, leaving new investment as the sole verifiable source of revenue entering CannerGrow.

Using new investment to pay existing affiliates a two to three monthly return makes CannerGrow a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment slows down so will new investments.

This will starve CannerGrow of ROI revenue, eventually prompting a collapse.

In order to screw over their investors as much as possible, CannerGrow will exit-scam through their CADT token.

For absolutely no legitimate reason whatsoever, CannerGrow is launching CADT to facilitate their investment fraud.

Cannergrow is planning a Plant | Token sale with a hard cap of 17.5 M EUR.

The Token will be an ERC-20 Smart Contract Token on the Ethereum Blockchain.

Every 100 Token are backed up with 1 Plant (50.000. Plants | 5.000.000 Token).

CADT exists solely to convert investor bitcoin into something the company can use to track investment and returns.

CADT-token-cannergrow

 

Withdrawals will be processed through an internal exchange, up until invested funds run dry.

At that point CannerGrow will pay some dodgy exchange to list CADT publicly.

Once listed, Cannerald’s founders capitalize on the inevitably hype pump and sell off as much CADT as they can.

They then exit with what’s left of invested funds.

CannerGrow affiliates meanwhile are left bagholding worthless CADT, which promptly dumps to $0 after being listed.

This is the classic MLM crypto exit-scam that has played out over and over again before.

In my opinion, Cannergrow is a Ponzi scam and not worthy of investment.

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CannerGrow Review - Cannabis Ponzi Scam?
CannerGrow Review - Cannabis Ponzi Scam? 1

CannerGrow Review - Cannabis Ponzi Scam? CannerGrow is a cryptocurrency cannabis MLM that guarantees passive returns. Cannergrow seems legit on the surface

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