Detail akcie CannaGrow Hldgs online

Business Summary: CannaGrow Holdings, Inc. operates in medical and recreational marijuana industry. The Company is a lessor, liaison and consultant to developers, licensed growers and operators. The Company intends to expand its business model within cannabis industry. The first project the Company is working on is approximately 20-acre lease in which the Company is acting as liaison with the various county and state agencies, and the utility companies during the development phase of the property. The Company will also make available consulting services to investment groups looking to enter the industry, as well as other licensed growers.
Financial Summary: BRIEF: For the six months ended 30 June 2012, Cannagrow Holdings Inc revenues decreased 93% to $104K. Net income totaled $50K vs. loss of $473K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Relief of debt income increase from $0K to $725K (income), Selling, general and administrative expe decrease of 55% to $318K (expense).