Welcome To My Review What Is CannerGrow?!
“Attention, Are You Looking For More Information On CannerGrow? You Are In The Right Place!”
Does CannerGrow offer the first and so far, only Plant-Growing-Service in the entire Cannabis industry? Is CannerGrow offers the best business opportunity? Is CannerGrow A Scam? These are some of the questions you might have. This review will help you to find answers to these questions and by the end of this review, you will have a clear idea of What Is CannerGrow?
In this What Is CannerGrow? review post, I am going to discuss the Pros and Cons of CannerGrow, Pricing, How It Works, Compensation Plans, FAQs, Is CannerGrow A Scam? and more.
When you check online there are some sites promoting CannerGrow calling it legit but there are some reviews calling it a scam. By the end of this review, you will be in a better position to decide whether to join CannerGrow or to stay away from it.
Nowadays we see a lot of articles, reviews, testimonies, and ads everywhere online about Cannabis! I am going to provide you with an in-depth and detailed answer to the question What Is CannerGrow? and can you trust this company.
There is no doubt that the cannabis industry is a billion-dollar industry, and this industry continues to grow since many countries the restrictions are taken off. CannerGrow is promising that they can help us make money if we invest in their Plant-Growing-Service.
You are here to find out whether CannerGrow is a scam or legit. Also, you are looking for some helpful information that will help you in your decision-making. Am I correct?
For sure, this review post will save your time!
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Things You Need To Look Before Joining A MLM Company
- Are There Any Lawsuit And Complaints Against The Company And The Founders (Company History & Founders History)?
- Are They Offering High-Quality Products With Affordable Cost?
- Low Cost To Join (Investment).
- Success Ratio – Income Disclosure Statement.
- Straight Forward & Easy To Understand Compensation Plan.
- Find & Read Some Genuine/Unbiased Reviews On That MLM Company.
CannerGrow Review Summary
Product Name: CannerGrow
Founders: Sascha Adrian Waeschle, Levin Kim Amweg, Severin Jem Amweg, and Maik Marcel Pietrowski.
Launch Date: April 2019
Product Type: Investment Plan In Growing Cannabis, MLM Business Model.
Price: €500 To €50,000 (EUR) (At the time of writing this review)
Best For: In my opinion, CannerGrow is best for experienced network marketers and who are ready to take a risk without worrying much about their investment if they lose it.
Summary: CannerGrow is an MLM company that provides a business opportunity in which you can invest your money to grow cannabis and earn profits.
Rating: 35/100
Is CannerGrow Recommended? No
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Frequently Asked Questions – FAQ
Below you can find some frequently asked questions for your quick reference…
What Is CannerGrow All About?
- CannerGrow is an MLM company that provides a business opportunity in which you can invest your money to grow cannabis and earn profits.
How Much CannerGrow Cost?
- €500 To €50,000 (EUR) (At the time of writing this review)
Is It Possible To Make Money By Joining CannerGrow?
- If you are an experienced Network Marketer, yes you can (at the moment).
Is CannerGrow A Scam?
- No, but it’s advisable to stay away from it.
Is There A Money-Back Guarantee With CannerGrow?
- No, I don’t think so.
Are You Recommending CannerGrow?
- No
What’s Your Top Recommendation To Make Money Online?
- You can read my top recommendation below.
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One Important Thing I Noticed On Some Review Posts
Doing your research is the best way to find legit and genuine programs and stay away from scams.
Things changed nowadays; people are doing their research before joining any program or before buying a product, as you are doing now.
Unfortunately, they base their decision on the reviews they read. However, some people recommend the products in order to get their affiliate commission.
There are a few genuine review posts as well. So you need to do your homework.
I would like to inform you that I am in no way associated with CannerGrow and I am not promoting CannerGrow or trying to sell it.
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CannerGrow Claims
You can find the claims made on the CannerGrow sales video below…
- We offer the first and so far, only Plant-Growing-Service in the entire Cannabis industry.
- You don’t need to worry about anything as our experts do their job and take care of everything.
- The running costs will be subtracted from the harvest and split in 50% to the company and 50% to the customer.
- CannerGrow Does All The Work For You!
Let’s see if CannerGrow lives up to these claims.
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What Is CannerGrow?
Based on their words…
- Cannergrow is a project founded by Cannerald which combines professional cultivation with an easy-to-use Customer-End-Web interface. We offer the first and so far, only Plant-Growing-Service in the entire Cannabis industry.
In a nutshell…
CannerGrow is an MLM company in the cannabis industry. They have the plantation in Switzerland and Macedonia.
They founded Cannerald before CannerGrow. Cannerald’s website is getting very, very low traffic. There are a lot of unanswered questions about Cannerald and why they started CannerGrow. Some are saying Cannerald is a flop and the founders started the new site CannerGrow to hide the failure of Cannerald.
What Are The products offered By CannerGrow?
CannerGrow doesn’t have any actual products or services to sell just investment plans. All you are going to do is… promote their affiliate membership by asking people to invest in it.
However, the big revenue for the company is generated through recruitment that is a big red flag.
How CannerGrow Works?
CannerGrow grows Cannabis in their grow rooms. There is no product to sell. Normally, with an MLM business model, you will be provided with some products to sell. However, with CannerGrow literally, there is no product for you to sell.
All you need to do is join CannerGrow and invest in any of their plans. You can also refer other people to CannerGrow and earn commissions. Sounds very simple and easy, right?
Please continue your reading to find out more information on CannerGrow.
Pricing
The price ranges from €500 To €50,000 (EUR).
- 1 Plant – Invest €500 and earn up to €70 every 2-3 months.
- 10 Plants – Invest €500 and earn up to €700 every 2-3 months.
- 25 Plants – Invest €12,000 and earn up to €1750 every 2-3 months.
- 100 Plants – Invest €50,000 and earn up to €7000 every 2-3 months.
CannerGrow’s Compensation Plans
You have three ways to make money with CannerGrow.
- Returns for your investment
- Unilevel Compensation Plan
- Residual Income Bonus
Returns For Your Investment
Returns for your investment are explained in the previous topic. However, you can find it below as well…
- 1 Plant – Invest €500 and earn up to €70 every 2-3 months.
- 10 Plants – Invest €500 and earn up to €700 every 2-3 months.
- 25 Plants – Invest €12,000 and earn up to €1750 every 2-3 months.
- 100 Plants – Invest €50,000 and earn up to €7000 every 2-3 months.
Unilevel Compensation Plan
With Unilevel Compensation Plan you can referral bonus up to 20%. You are paid seven-level deep and you can find the commission structure below…
- Level 1 – 7%
- Level 2 – 5%
- Level 3 – 3%
- Level 4 – 2%
- Level 5 – 1%
- Level 6 – 1%
- Level 7 – 1%
This commission is paid when someone from your team purchases a plant.
Residual Income Bonus
A residual income bonus is paid when the harvest yield each member of your team gets from their plants.
You are paid seven-level deep again like unilevel and you can find the commission structure below…
- Level 1 – 7%
- Level 2 – 5%
- Level 3 – 3%
- Level 4 – 2%
- Level 5 – 1%
- Level 6 – 1%
- Level 7 – 1%
For more details on their compensation plan, you can watch the 2.15 minutes video below…
Pro’s and Con’s
The Good:
→ Cannabis Is A Billion Dollar And Growing Industry
The Bad:
→ Joining Cost Is Quite Expensive
→ MLM Success Rate Is Low
→ No Actual Product To Sell
→ No Income Disclosure Statement
→ No Guarantee
→ Very Expensive
→ People On The Top Make The Maximum Money And Most Of The Time People On The bottom Lose Their Money
Who’s CannerGrow For?
In my opinion, CannerGrow is best for experienced network marketers and ready to take a risk without worrying much about their investment if they lose it.
Is CannerGrow A Pyramid Scheme?
Since there is no product or service to sell with CannerGrow it has the shades of a pyramid scheme and it’s a bit of concern for me. Time will let you know whether CannerGrow is a Ponzi scheme or a pyramid scheme. As of now, it is advisable to play safe or to stay away from it.
Is CannerGrow A Scam?
I am not going to call CannerGrow a scam and the time will let you know. However, I don’t recommend CannerGrow for the below reasons…
Reason 1 – When Recruitment Stops Or Slowdown Things Will Collapse
The people on the top make more commissions and when the recruitment slows down, there won’t be any money to pay at that stage the company stops paying the commissions. The struggle begins…
Reason 2 – No Products To sell
Promoting products like this will become a big headache and we will feel guilty for joining people and they lost their hard-earned money because we referred them to a company that is not genuine.
Reason 3 – New Company
“Cannergrow.com” website was registered in April 2019, and they are new.
Their previous site “Cannerald” stats are not impressive.
Reason 4 – Business Model
100’s of companies shut down with this business model. Return on Investment and MLM structure. Lost money with Cryptocurrency mining.
Personally, I joined one online share market company that promised that they would double my investment in less than 6 months.
To cut it short, that company is no more.
Reason 5 – No Guarantee
Read their disclaimer…
- We calculated the expected value with an average price of 2 EUR per gram. This price can also go higher and lower, depending on the sales. We don’t guarantee a stable selling provider for your harvested CBD. We’re always trying our best for quality and sale purposes.
What do you think…
Reason 6 – CADT Token Sale
Nowadays, a lot of cryptocurrencies are introduced and most of them disappear within a few months.
I personally invested in Plexcoin and they are no more. 1000’s of people including myself lost our hard-earned money.
Reason 7 – Quite Expensive
Investment plans are quite expensive and are not affordable for everyone. Instead of spending money on this program, there are some better options.
Reason 8 – MLM’s Have Low Success Rate
Often people on the top ladder or who joined the company in the beginning stage make more money.
Also, studies and stats showing that MLM’s have a low success rate.
Among the 26% of people who made money nearly 14% made less than $420 a month (less than $5000 per year). So you can see a very less number of people make money via the MLM business model.
For more information, you can read my post “Network Marketing vs Affiliate Marketing – Pros And Cons“.
Reason 9 – Takes A Long Time To Get Back The Capital
It will take 14-21 months to get your capital back. Since there are many red flags with CannerGrow investing our money and waiting for it for a longer period won’t be a better option. Also, there is no security offering for your investments.
Reason 10 – No Income Disclosure Statement
The income disclosure statement will provide us insights into the earnings people or their members make with the MLM companies. Unfortunately, I am not able to find any IDS.
Reason 11 – Profits Really From The Plant Sales
Since there is no income disclosure statement or any proof of where the income is coming for CannerGrow it leads to the question of whether the ROI comes from the affiliate membership itself?. If that is the case it’s a big red flag.
Reason 12 – Not Registered With Regulatory Bodies
Being an investment plan I am not able to find any information on whether they have registered with regulatory bodies. If they are not abiding by the rules CannerGrow is committing securities fraud.
I hope the above information must have provided valid inputs on why you need to stay away from CannerGrow.
For me, CannerGrow is a NO-NO because of many red flags.
If you still want to invest money with CannerGrow only invest the money, you can afford to lose.
Thanks for reading my review post!
Whatever you decide, I wish you all the very best!
If you are interested to learn about Affiliate Marketing from scratch, I can help you.
- No need to go out looking for prospects
- No need to bother your friends and family members
- No need to talk to people
- No face to face selling
- No upline pressure
- No Monthly Auto Shipment
- No need to achieve your targets to qualify for the commissions
- No need to make a big investment
- No need to buy the products
- No need to attend meetings and bring people to the meetings
- No need to arrange for a home party to generate or sell your products
In my opinion, it is best to invest your time, effort, and money in building your Affiliate Marketing business. The good news is that it will cost you a lot less than CannerGrow.
In my opinion, it is best to invest your time, effort, and money in building your Affiliate Marketing business. The good news is that it will cost you a lot less than CannerGrow.
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CannerGrow
€500 To €50,000 (EUR) (At the time of writing this review)
Pros
- Cannabis Is A Billion Dollar And Growing Industry
Cons
- Joining Cost Is Quite Expensive
- MLM Success Rate Is Low
- No Actual Product To Sell
- No Income Disclosure Statement
- No Guarantee
Your review is great. But I don’t understand a thing. If you invest 500 euros at a time, the profit you get after 2-3 months of 70 euros you get it once, or you get it monthly for a certain period? Can you answer me, please? I am not clear about this.
There is no clear information on that and I too had that doubt. All I can found is the below information…
The harvested amount depends on the strain, fertilizer, watering and many other factors. The harvest can variate between 5 and 60g. We calculated the expected value with an average price of 2 EUR per gram. This price can also go higher and lower, depending on the sales. We don’t guarantee a stable selling provider for your harvested CBD. We’re always trying our best for quality and sale purposes.
I am a big fan of cannabis and CBD oil, and the positive affects we have found that they are possible of doing, so I thought this might be the one MLM scheme that might be beneficial since the cannabis industry is just beginning to grow with the legalization across the globe. Thank you for your review, I have all of the same hesitations that you do. I will keep an eye on this industry, but it looks like another in a long line of MLM schemes that pay very little to those at the bottom of the pyramid.
There is no doubt it’s a great and some call it as a miracle oil. Some of my friends used it and seen great results.
Indeed, the CBD oil industry is growing and I wish you all the very best.
Thank you very much for the awesome review. I found this company to have a very interesting concept, and it is something they can capitalize on because places here in the United States are starting to make Cannabis legal. Sadly, they will probably get a lot of people sucked in due to that hype. I’m glad I read your review first! Thank you so much!
Always there are positives and negatives for everything. The same happened to Bitcoin people give too much hype and unrealistic claims. So we need to do our homework.