CannerGrow Review – Legit Crypto Investment Company or Big Scam?
Welcome to my CannerGrow Review!
Chances are you have probably already heard the buzz surrounding this company and now you want to know more, right?
Well, I’m glad you’re here because that means you are doing your due diligence before jumping in to a new company.
In my review, I give you the info you need about the company’s background, products, compensation plan, and cost to join, so you can make the best decision for you and your investment.
Let’s dive in!
CannerGrow Review – The Company
With Sascha Waeschle listed as the owner through an address in Rottweil, Germany, CannerGrow is a company within the MLM cryptocurrency niche.
The CannerGrow website domain was registered on the 5th of April, 2019 as “cannergrow.com”.
Based on the CannerGrow website, the company is “a project founded by Cannerald”, which seems to be a “Swiss research and production company of cannabis.”
After checking out some Cannerald marketing materials, I discovered the following:
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.
I couldn’t find much correlation between the four founders and MLM, however I did manage to find an interview in which Maik Pietrowski says 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.
From what I could gather online, it doesn’t seem that Cannerald was able to get off the ground and CannerGrow seems to be a revamp.
CannerGrow Reviews – The Products
CannerGrow does not have any retail products or services to purchase or sell.
Affiliates who sign up can only market the CannerGrow affiliate membership.
They do mention something about harvesting Cannabis:
Every digital sold plant will represent a physical plant in our Growroom’s.
We offer this service to our customers who decide to buy a plant over our plant sale. The plants get harvested every 2-3 month and you don’t need to worry about anything as our experts do their job. You will get full control over the harvest. We either ship you your harvested cannabis, or you can sell it and have significant revenue.
The running costs will be subtracted from the yield and split in 50% to the company and 50% to the customer. We already included this calculation in our packages below. (1)
Now, I haven’t seen any proof of this happening just yet, but if that’s all true, it could be interesting.
The CannerGrow Compensation Plan
To participate in the CannerGrow compensation plan, affiliates are required to invest funds for advertised returns.
- 1 Plant – 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
Affiliates earn referral commissions that are tracked and paid through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1.
When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When level 2 affiliates sponsor new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Payable referral commissions are capped at 5 unilevel team levels.
Referral commissions are earned and paid as a percentage of the funds invested across these 5 levels:
- Level 1 (personally sponsored affiliates) – 5%
- Level 2 – 2%
- Levels 3 to 5 – 1%
ROI Matching Bonus
Affiliates can earn a matching bonus on the returns that are paid to unilevel team affiliates.
Capped at the same five levels as referral commissions, the ROI Matching Bonus works like this:
- Level 1 – 10% ROI match
- Level 2 – 4% ROI match
- Levels 3 to 5 – 2% ROI match
Cost to Join CannerGrow
The cost to join CannerGrow as an affiliate is an initial investment of €350 to €35,000 EUR.
Cannerald Review Video
Verdict on CannerGrow
Okay, so now we’re at the end it’s time for the final verdict…
This company says that investments made by affiliates are going towards investing in cannabis plants.
CannerGrow also claims that affiliates have complete control over the harvest and will earn returns every 2-3 months.
If Cannerald had the same business model, why did it fail?
Another problem is this is clearly a passive income opportunity, which means this company is offering securities.
In order to do this, the company must be registered with the appropriate authorities.
And to date, there is no evidence that CannerGrow has registered anywhere.
Another regulation of growing and selling cannabis is that the company must disclose how and who they are selling their cannabis to in order to ensure it is a legal operation.
In my opinion, there are so many things up in the air here and nothing is clearly explained.
So, my advice here is to hold onto your investment for another opportunity.
Thanks for reading my CannerGrow review! Feel free to leave a comment or question down below…
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