CannaGrow Holdings Inc (OTCMKTS: CGRW) Continues To Add To Its List Of Successes

In our last analysis of CannaGrow Holdings Inc (OTCMKTS:CGRW), it was in the midst of completing its first harvest cycles for its first major client Category One Botanicals, LLC. The lab analysis results for the harvest are in, and they are positive.First, for those of you that are not familiar with the company, CannaGrow is a turnkey growth and consulting company in the cannabis industry. Cannagrow connects with companies looking to grow cannabis for commercial resale in Colorado, and guides them through the permitting, construction and operation of the greenhouses facilities required for optimal cultivation. The company brings in revenues from consulting fees paid by the client entity that has hired it to oversee the implementation process, and also a maintenance recurring payment related to the facilities being used.On Mar 15, 2017, Cannagrow announced that Category One Botanicals, LLC received its lab analysis on the first Winter Test Run in the IGC Ranger Series 2000 Climate Controlled Greenhouse. It was the first test run harvest for the green house. The test clearly demonstrated that the Ranger Greenhouses can be utilized for year-round production. All four (4) of the production strains tested between 18% and 22% for THC, with all four (4) passing the 'Microbial' test, and the mold, yeast, and other microorganisms tested for were absent from the samples."

Rod Clawson, Managing Member of Category One Botanicals, added, "The Ranger Series 2000 Climate Controlled Seasonal Greenhouses are no longer 'Seasonal' and have proven themselves to support a year-round growing environment. With three (3) of the 2,880 sq. ft. Rangers already on line and three (3) more currently under construction, future Winter Seasons will prove to be just as productive as standard Spring and Summer Growing Seasons. The selection of these particular structures by the CannaGrow Planning Team once again proves their expertise in all areas of the Cannabis Industry."

Cannagrow will continue in its capacity of providing oversight as the Facilities Manager for One Botanicals, LLC. The completion of this project will now provide the company the basis to begin generating revenues from Licensed Growers subleasing the Turnkey facilities being built to the specifications of CannaGrow COO, Dr. John P. Janovec, and Consultant, Jason Wells.The successful harvest was followed by CannaGrow announcing on Mar 30, 2017 that Category One Botanicals, LLC, has completed the sale of seven (7) different strain lots for the grand opening of a High-End Recreational Dispensary located in Trinidad, Colorado. Category One Botanicals was able to provide a wide variety of diverse genetic other proprietary strains cured and ready for market including Blanca Mountain Green, Buffalo Diamond Kush, and Huerfano Red Bud.

Executives from the High-End Recreational Dispensary added, "Working with the Crew at the Colorado Buffalo Ranch Facility was an easy and seamless process. The facility is very impressive and Master Growers, Dr. John P. Janovec and Jason Wells, have the knowledge and experience in Plant Genetics that will certainly push their products into the spotlight within the Cannabis industry in Colorado. We look forward to building a long-term business relationship with Dr. John, Jason, and their Team at Category One Botanicals."

CannaGrow‘s stock price ended 2016 with a strong rally in the last 10 days of the year from $.90 to $2.22 on the first trading day of the new year 2017, a 222 percent price increase. It has since consolidated at $1.45, where it is trading now. We're still waiting on fourth quarter financials for 2016. Market capitalization is currently $151.07 million with 102.07 million shares outstanding as of March 31, 2017.As the Cannabis industry continues to grow, competition will intensify, and only the businesses that innovate and enact the industry’s “best practices” will flourish, while those that don’t will fall behind. Once the growth of the industry reaches a plateau, there will be a shake out of businesses that are inefficient or sub-standard. This will inevitably create a demand for the consultancy of knowledge and cutting-edge innovation in cultivating cannabis. With every project that CannaGrow Holdings Inc. can add to its list of successes, it puts itself in a better position to capitalize on the rapidly growing cannabis industry. We will be updating our subscribers as soon as we know more. For the latest updates on CGRW, sign up below!Disclosure: We have no position in CGRW and have not been compensated for this article.