(1.7)
in

CannerGrow Review

CannerGrow claims to operate in the MLM cryptocurrency niche.

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.

The four founders of Cannerald, Sascha Adrian Waeschle, Severin Jem Amweg, Levin Kim Amweg and Maik Marcel Pietrowski founded the company with the aim of becoming Europe‘s largest cannabis producer and exporter.

The only link to MLM I was able to establish is a June 2019 interview, in which Maik Pietrowski states he

started in multi-level marketing for insurance in 2014.

Followed by the sale of vacuum cleaners and then the online marketing with various networks.

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 a full review of the CannerGrow MLM opportunity.

CannerGrow’s Products

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

CannerGrow’s Compensation Plan

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

  • 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

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 forth down a theoretical infinite number of levels.

CannerGrow caps payable referral commissions at five unilevel team levels.

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

  • 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 is capped at the same five levels as referral commissions (see above):

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

Joining CannerGrow

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

Conclusion

CannerGrow represents that its affiliates are investing in cannabis plants.

CannerGrow is launching a Plant Sale.

With our plant sale, every one will be able to participate from this billion dollar Market.

In our facilities, we are able to produce cannabis in premium quality.

As part of Cannerald’s business operations, the company purportedly has two growing warehouses in Switzerland and the UK (click to enlarge).

Every digital sold Plant will represent a physical space of a plant in our Growroom.

We offer the service to grow Plants on this place, it will be harvested every 2-3 month. You will get full control over the harvest.

Without even trying to validate CannerGrow’s claims, an obvious question presents itself:

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

If Cannerald’s business operations are capable of generating a consistent €10,000 EUR return on a €35,000 investment “every 2-3 month(s)”, why did Cannerald flop?

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

Secondary concerns regarding CannerGrow’s MLM opportunity are regulatory in nature.

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

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 means that, irrespective of everything else, Cannerald and CannerGrow are committing securities fraud.

Not that that’s probably going to bother most of their investors. As I write this Alexa currently pegs Russia as accounting for 76% of traffic to CannerGrow’s website.

Without writing off the country entirely, there’s typically only one type of MLM investment opportunity Russians are interested in.

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.

Was Cannerald launched with the intention of being a Ponzi scheme back in 2017/2018? No idea. But that’s what the business is today.

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

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.

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.

Here we go again…

Original Article was published on Behindmlm.com

CannerGrow Review €350 to €5000

Name: CannerGrow

Description: annerGrow claims to operate in the MLM cryptocurrency niche. 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”.

  • (2)
    EARNINGS POTENTIAL
  • (1.5)
    VALUE FOR MONEY
  • (1)
    SUCCESS STORIES
  • (1.5)
    RESOURCES
  • (2)
    COMPANY
  • (2)
    PROCESS
  • (2)
    SUPPORT
1.7

Summary

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

If Cannerald’s business operations are capable of generating a consistent €10,000 EUR return on a €35,000 investment “every 2-3 month(s)”, why did Cannerald flop?

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

Sending
User Review
2 (1 vote)
Comments Rating 0 (0 reviews)

What do you think?

20 points
Upvote Downvote

Written by Oz

There’s a lot of rubbish MLM review and news sites on the internet that masquerade solely as lead generation tools for their owners. I believe there’s a distinct lack of concise and clear information out there regarding companies within the MLM industry and MLM itself.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Sending

Loading…

0

Comments

0 comments

Where are OneCoin CEOs Pablo Munoz and Pierre Arens?

Options Knight Review