CannaGrow Holdings, Inc (CGRW) Stock Analysis
DELISTED 2024
What happened to CannaGrow Holdings, Inc (CGRW) stock?
CannaGrow Holdings, Inc (CGRW) no longer trades on public markets. It was delisted in June 2024. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
CannaGrow Holdings, Inc (CGRW) trades at $0.0218. CannaGrow Holdings, Inc. specializes in developing and constructing grow facilities for the legal cannabis industry in Colorado. Market cap: $2.23M, Sector: Industrials.
Last analyzed: Mar 18, 2026Analyst Coverage for CGRW: CGRW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CGRW against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
CGRW: 2/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →CannaGrow Holdings, Inc (CGRW) Industrial Operations Profile
CannaGrow Holdings, Inc. focuses on providing comprehensive development and construction services for cannabis grow facilities in Colorado, differentiating itself through specialized expertise in this niche market. The company offers design, permitting, and site management services within the evolving legal cannabis sector.
What Is the Investment Thesis for CGRW?
CannaGrow Holdings, Inc. presents a speculative investment opportunity within the niche market of cannabis grow facility development. The company's focus on Colorado provides a concentrated market, but also exposes it to regulatory risks specific to that state. With a negative P/E ratio of -0.76 and a substantial negative profit margin of -3115.9%, the company's financial performance warrants careful scrutiny. A potential growth catalyst lies in the expansion of legal cannabis markets in other states, which could create opportunities for CannaGrow to expand its service offerings or geographic reach. However, the company's small size and limited resources pose challenges to scaling operations and competing effectively. Investors should closely monitor regulatory changes, financial performance, and competitive dynamics within the cannabis industry.
Based on FMP financials and quantitative analysis
CGRW Key Highlights
Gross Margin of 30.0% indicates potential profitability on projects before operating expenses.
- Negative Profit Margin of -3115.9% reflects significant operating losses and requires further investigation.
- Beta of 1.40 suggests higher volatility compared to the overall market.
- Market Cap of $2.23M indicates the company's small size and potential for high growth or significant risk.
- The company operates in the niche market of cannabis grow facility development, offering specialized services.
Who Are CGRW's Competitors?
CGRW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ELVG Elvictor Group, Inc. | $6.30 | +0.00% | $5.22M | 54 |
| ICDX Incordex Corp. | $1.30 | +0.00% | $8.38M | 54 |
| FTBGF Bidstack Group Plc | $0.03 | +20.00% | $29.0M | 63 |
| FLNCF Freelancer Limited | $0.20 | +0.00% | $90.2M | 53 |
| BUUU BUUU Group Limited provides meeting, incentive, conference, and exhibition solutions, including event management and stage production services. The company | $31.00 | +9.15% | $363M | 63 |
| QUAD Quad/Graphics, Inc. | $10.21 | +0.89% | $526M | 76 |
| RKSLF Raksul Inc. | $9.06 | +0.00% | $540M | 54 |
| GLCDF GL Events S.A. | $18.40 | +0.00% | $540M | 51 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CGRW's Key Strengths?
Specialized expertise in cannabis grow facility development.
- Strong understanding of Colorado's regulatory environment.
- Comprehensive service offerings covering design, construction, and management.
What Are CGRW's Weaknesses?
Limited geographic focus on Colorado.
- Small size and limited resources.
- Negative profit margins and financial instability.
What Could Drive CGRW Stock Higher?
Potential changes in federal cannabis regulations could open new markets and opportunities for CannaGrow.
- Increasing legalization of cannabis in additional states could drive demand for grow facilities.
- Growing demand for sustainable and energy-efficient grow facilities.
What Are the Key Risks for CGRW?
Financial-distress signal — its Altman Z-Score of -30.13 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Intense competition from larger and more established players in the cannabis industry.
- Changes in state cannabis regulations could negatively impact CannaGrow's business.
- Negative profit margins and financial instability pose a significant risk to the company's long-term viability.
- Limited geographic focus on Colorado makes the company vulnerable to regional economic downturns or regulatory changes.
What Are the Growth Opportunities for CGRW?
- Expansion into New Markets: As more states legalize cannabis, CannaGrow could expand its services geographically. The U.S. cannabis market is projected to reach $40 billion by 2030, presenting a significant opportunity for companies providing infrastructure and support services. Successfully entering new markets would require adapting to different regulatory frameworks and establishing local partnerships, but could significantly increase CannaGrow's revenue and market share. This expansion could begin within the next 2-3 years as new states finalize their cannabis regulations.
- Service Diversification: CannaGrow could broaden its service offerings to include facility maintenance, security systems, and energy-efficient solutions. These additional services would provide recurring revenue streams and enhance customer relationships. The market for cannabis facility services is estimated to grow alongside the overall cannabis market, offering a substantial opportunity for CannaGrow to capture a larger share of the value chain. This diversification could be implemented within the next year, starting with pilot programs in existing facilities.
- Strategic Partnerships: Collaborating with established cannabis operators or technology providers could accelerate CannaGrow's growth. Partnering with multi-state operators (MSOs) would provide access to larger projects and broader geographic reach. Collaborating with technology companies could enhance CannaGrow's offerings with innovative solutions for cultivation and facility management. These partnerships could be formed within the next 6-12 months, leveraging CannaGrow's existing expertise and network.
- Technology Integration: Incorporating advanced technologies into grow facility designs, such as automated environmental controls and data analytics, could improve efficiency and reduce operating costs for clients. The market for cannabis technology is rapidly evolving, with new solutions emerging for cultivation, processing, and distribution. By adopting these technologies, CannaGrow can differentiate itself from competitors and offer clients a competitive advantage. This integration could begin within the next year, focusing on technologies that address key challenges in cannabis cultivation.
- Focus on Sustainable Practices: Developing and promoting sustainable grow facility designs could attract environmentally conscious clients and enhance CannaGrow's brand image. The cannabis industry is increasingly focused on sustainability, with growing demand for energy-efficient and environmentally friendly cultivation practices. By incorporating sustainable design principles and technologies, CannaGrow can position itself as a leader in responsible cannabis cultivation. This focus could be implemented immediately, starting with the adoption of sustainable materials and practices in new projects.
What Are CGRW's Competitive Advantages?
- Specialized expertise in cannabis grow facility design and construction.
- In-depth knowledge of Colorado's cannabis regulations.
- Established relationships with local cannabis businesses and regulatory agencies.
What Does CGRW Do?
CannaGrow Holdings, Inc., formerly known as BizAuctions, Inc., transitioned to its current focus in November 2014. The company specializes in the design, development, and construction of state-of-the-art grow facilities tailored for the legal cannabis industry, exclusively operating within the State of Colorado. CannaGrow offers a suite of services encompassing the entire lifecycle of a grow facility project, including initial design and planning, navigating the complex permitting processes, overseeing development and construction phases, and providing ongoing site management. Additionally, the company extends its expertise to staffing solutions and research services, aiming to provide comprehensive support to cannabis businesses. Headquartered in Greenwood Village, Colorado, CannaGrow Holdings positions itself as a key enabler for cannabis cultivation businesses seeking to establish or expand their operations with compliant and efficient facilities. The company's strategic focus on Colorado allows it to develop deep expertise in the state's regulatory environment and specific cultivation needs.
What Products and Services Does CGRW Offer?
- Designs and develops cannabis grow facilities.
- Provides permitting and regulatory compliance assistance.
- Offers construction and site management services.
- Assists with staffing solutions for grow facilities.
- Conducts research related to cannabis cultivation.
- Provides professional services to the legal cannabis industry in Colorado.
How Does CGRW Make Money?
- Generates revenue through design and construction contracts for grow facilities.
- Provides ongoing site management and consulting services for a fee.
- Offers staffing solutions and charges a placement fee or hourly rate.
What Industry Does CGRW Operate In?
CannaGrow Holdings operates within the rapidly evolving legal cannabis industry. The market for cannabis cultivation facilities is driven by the increasing legalization of cannabis for both medical and recreational purposes across various states. This growth is creating demand for specialized services in facility design, construction, and management. However, the industry is also characterized by intense competition, regulatory uncertainty, and evolving consumer preferences. CannaGrow's focus on the Colorado market allows it to develop expertise in that specific regulatory environment, but also limits its geographic diversification.
Who Are CGRW's Key Customers?
- Licensed cannabis cultivators in Colorado.
- Cannabis businesses seeking to expand or upgrade their facilities.
- Entrepreneurs entering the legal cannabis market.
Financial Health
CannaGrow Holdings, Inc's Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -30.13 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for CannaGrow Holdings, Inc stands at 12.8%, a gauge of how efficiently it converts shareholder capital into profit. Its free cash flow yield is -7.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -15.0%, the inverse of the P/E and a quick read on earnings relative to price.
CannaGrow Holdings, Inc (CGRW) Valuation Context
Valued at $2.23M, CGRW is classified as a micro-cap stock.
CGRW Financials
Bull Case vs Bear Case
Bull Case
- Specialized expertise in cannabis grow facility development.
- Strong understanding of Colorado's regulatory environment.
- Comprehensive service offerings covering design, construction, and management.
- Upcoming: Potential changes in federal cannabis regulations could open new markets and opportunities for CannaGrow.
Bear Case
- Limited geographic focus on Colorado.
- Small size and limited resources.
- Negative profit margins and financial instability.
- Potential: Intense competition from larger and more established players in the cannabis industry.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
CGRW Latest News
No recent news available for CGRW.
Classification
Industry Specialty Business ServicesLeadership: Doug Kuiper
Managing Director
Doug Kuiper serves as the Managing Director of CannaGrow Holdings, Inc. His background includes experience in managing small teams and overseeing the company's operations. Information regarding his specific educational background and prior roles is not available. As Managing Director, he is responsible for guiding the company's strategic direction and overseeing its day-to-day activities.
Track Record: As the Managing Director of CannaGrow Holdings, Doug Kuiper has overseen the company's efforts to develop and construct cannabis grow facilities in Colorado. Specific achievements and milestones under his leadership are not detailed in the provided information. His focus is on navigating the regulatory landscape and managing the company's limited resources.
CGRW OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that CannaGrow Holdings may not meet the minimum financial standards or reporting requirements for higher tiers like OTCQB or OTCQX. Companies in this tier often have limited trading volume and may not be required to provide audited financial statements, increasing the risk for investors. Investing in OTC Other stocks requires a higher degree of due diligence and awareness of potential risks compared to stocks listed on major exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited financial disclosure and transparency.
- Low trading volume and liquidity.
- Potential for price manipulation and fraud.
- Higher risk of delisting or going out of business.
- Limited regulatory oversight and investor protection.
- Verify the company's legal status and registration.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal proceedings against the company.
- Company has been in operation since 2014.
- Focuses on a specific niche market (cannabis grow facilities).
- Provides a range of services including design, permitting, and construction.
What Investors Ask About CannaGrow Holdings, Inc (CGRW) — Industrials
What happened to CannaGrow Holdings, Inc (CGRW) stock?
CannaGrow Holdings, Inc (CGRW) no longer trades on public markets. It was delisted in June 2024. The figures below are historical and are not a current quote.
Can I still buy CGRW shares?
No. CGRW stopped trading on public markets in June 2024, so the shares are not available through a broker. Anything you see quoted for CGRW elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before CGRW stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to CannaGrow Holdings, Inc. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does CannaGrow Holdings, Inc do?
CannaGrow Holdings, Inc. specializes in the design, development, and construction of cannabis grow facilities for the legal cannabis industry, primarily operating in Colorado. The company offers a comprehensive suite of services, including initial design and planning, permitting assistance, construction management, and ongoing site management. CannaGrow aims to provide cannabis businesses with compliant and efficient facilities to support their cultivation operations, focusing on a niche market within the broader cannabis sector.
What do analysts say about CGRW stock?
As of March 18, 2026, there is no available analyst coverage or consensus for CannaGrow Holdings, Inc. (CGRW). The company's small market capitalization and OTC listing may limit its visibility to institutional investors and analysts. Investors should conduct their own due diligence and consider the company's financial performance, growth prospects, and risk factors before making any investment decisions.
What are the main risks for CGRW?
CannaGrow Holdings faces several risks, including intense competition in the cannabis industry, changing state regulations, and financial instability. The company's limited geographic focus on Colorado makes it vulnerable to regional economic downturns and regulatory changes. The negative profit margins and small market capitalization raise concerns about its long-term viability.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is limited and may not be fully up-to-date.
- Analyst coverage is non-existent.
- OTC market carries inherent risks.