CGrowth Capital Inc (OTCMKTS:CGRA) On The Verge Of A Breakout

We first alerted our subscribers about CGrowth Capital Inc (OTCMKTS;CGRA) back in April when the stock was first lighting up the charts. Since that time, shares have traded between $.01 and just under $.02 per share. Now shares are approaching the top of the range and we believe that the slightest bit of new news will be enough to propel the stock higher. If shares clear the $.02 level, we'll see a major breakout on CGRA and the stock will turn into a microcap runner.CGrowth Capital Inc is an alternative asset management company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, and dolomite to market. CGrowth Capital focuses on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations. Through wholly owned subsidiaries, the company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State.The latest news from the company is that its wholly owned subsidiary, CGrowth Capital Bond, Ltd., had amended its Bond offering in the United Kingdom to £30,000,000 British Pounds Sterling (~$40,000,000 USD). The company said that its decision to increase the Bond followed recent long term interest and commitment by third-parties to fund beyond the initial offering. 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.In May, CGrowth Capital announced that Wildfire Cannabis Company, the company's Tier 3 cannabis producing tenant, had successfully passed their Final Inspection with the Washington State Liquor Cannabis Board. Wildfire could then move to finalize Phase I of the development and begin plant production in the days to come. The status change meant revenues are imminent for the company, which could then begin Phase II of the buildout and production with Wildfire to include additional outdoor grow operations.CGrowth Capital 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, CGrowth 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.At the end of April, CGrowth announced that its wholly owned subsidiary, Powder River Resources, Inc., had begun a series of strategic hires and equipment purchases to begin mobilizing in the 3,400-acre oil and gas project in Wyoming. The company said:

Coming out of historically low oil prices and being in a position with capital, we are able to capitalize on deeply discounted equipment and the availability of highly qualified oil field personnel, in moving Powder River into a profitable enterprise. The Company is beginning to bring online an initial series of wells (up to 12) with another dozen being evaluated for workover and production. The first well brought back online after the winter shut in, known as the 182H (seen on our Facebook page), produced an initial push of 61 barrels of oil in its first 18 hours of operation.

Currently trading with a market cap of just $7 million, CGRA is becoming an exciting story among small caps on the OTC Markets. We like the looks of the chart and the stock has a Strong Buy rating from Barchart. We will be monitoring CGRA closely and informing our subscribers on the latest developments. Sign up today for updates on CGRA!Disclosure: We have no position in CGRA and have not been compensated for this article.