Itsjustmymoney
5 years ago
If the Company fails to generate positive cash flow or obtain additional financing, when required, the Company may have to modify, delay, or abandon some or all of its business and expansion plans, and potentially cease operations altogether. Consequently, the aforementioned items raise substantial doubt about the Companyβs ability to continue as a going concern within one year after the date that the financial statements are issued. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern.
https://ih.advfn.com/stock-market/USOTC/grow-capital-qb-GRWC/stock-news/81797580/quarterly-report-10-q
Golden Cross
5 years ago
Grow Capital, Inc Remains Committed To FinTech - Reports Selling Off First Of Two Remaining Assets Unrelated To FinTech
PR Newswire PR NewswireOctober 2, 2019
HENDERSON, Nev., Oct. 2, 2019 /PRNewswire/ -- Grow Capital, Inc (GRWC) (GRWC) today announced that it remains solely committed to FinTech. In that regard, it has sold one of its two assets that is not related to FinTech and it has listed the other asset for sale.
Grow Capital Inc Logo (PRNewsfoto/Grow Capital Inc)
Grow Capital Inc Logo (PRNewsfoto/Grow Capital Inc)
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The company's 100% owned subsidiary, WCS Enterprises LLC ("WCS"), which in turn owns the ten-condo building at 722 W. Dutton Road, Eagle Point, Oregon has been sold to a private buyer for $782,450.00. The buyer paid for the purchase by transferring 8,693,889 shares of GRWC's common stock owned by the buyer to GRWC.
"Today's sale of the facility in Eagle Point is an important indicator to our stakeholders that GRWC is following through on our commitment to focus on the FinTech space," said CEO Jonathan Bonnette.
In August 2018, the company announced retiring the mortgage debt on the property. This was a first step to relinquishing the property and its condo rental operations.
The last and final asset not related to FinTech that is owned by GRWC is also for sale. The campground "Smoke on the Water" located in Selma, Oregon on beautiful Lake Selmac is listed for sale with a Coldwell Banker agent in Oregon.
Over the last two years the company has rebranded itself with a new name, logo and website. It has secured new management in a new CEO, CFO, consultant, and board members while moving its headquarters from Oregon to a Nevada site located in the greater Las Vegas area. The company also renewed its commitment and accountability to stakeholders.
GRWC announced its intent in 2018 to move away from its former businesses, and, in turn, to launch new business operations in the financial services and technology sector known as "FinTech."
GRWC began fulfilling that stakeholder pledge with the recently announced purchase of Bombshell Technologies, which is now the first in a future of FinTech subsidiaries that the company, through its capably professional business team, plans to acquire and develop to new levels of growth and success.
To be added to the distribution list please email info@growcapitalinc.com with "GRWC" in the subject line.
Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "seek", "grow" "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc's filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website.
www.growcapitalinc.com
whytestocks
6 years ago
News: $GRWC Grow Capital, Inc Signs Exchange Agreement To Acquire Bombshell Technologies
HENDERSON, Nev. , June 27, 2019 /PRNewswire/ -- Grow Capital, Inc (OTCPK: GRWC) (GRWC) today announced that it has executed a stock exchange agreement to acquire Bombshell Technologies. The final closing of the transaction is subject only to customary closing conditions, all of which a...
In case you are interested https://marketwirenews.com/news-releases/grow-capital-inc-signs-exchange-agreement-to-acquire-bombshell--8424124.html
whytestocks
6 years ago
News: $GRWC Grow Capital Retains Public Relations Consultant
HENDERSON, Nev. , June 17, 2019 /PRNewswire/ -- Grow Capital, Inc (OTCPK:GRWC) formally announced retaining Amanda Fulkerson , owner of AF1 Public Relations to help the company's ongoing rebranding and help keep shareholders and the public informed. AF1 Public Relations wor...
In case you are interested https://marketwirenews.com/news-releases/grow-capital-retains-public-relations-consultant-8369968.html
Lakota-45
6 years ago
I Just Noticed This; Just curious - ( Is Everyone OK with this ? - Thoughts ? )
HENDERSON, Nev., April 16, 2019 /PRNewswire;
Grow Capital, Inc (OTCPK:GRWC) announced a successful capital raise for use by the company in execution of its current business plan. The Company's plan is focused on moving the Company away from cannabis related activities and into an acquisition strategy focused on financial technology, or "fintech" and complementary companies. GRWC Short InformationJoin the GRWC DiscussionWrite an Article on GRWC
"Yes, GRWC was once associated with the blooming marijuana industry," said CEO Jonathan Bonnette. "In stark contrast to the hundreds rushing to that un-federally regulated sector, we are moving to a model that plays to our strength and vision in the FinTech sector that has an anticipated growth rate of more than 18.40% over the forecast period 2018-2025."
The funds were raised by issuing and selling 9,523,812 shares of the company's common stock to eight individual accredited investors.
"Our business model has really come into focus," said board president Wayne Zallen. "Identify companies that complement our vision, with strong leadership and a clear niche, acquire them, mentor them, and watch them grow. The capital we raised will be directed to that mission."
The per share purchase price was set by the Company's Board on March 27, 2019 based on the closing price of the Company's Common Stock at the time of approval of the issuance, with any purchaser that purchased at least $100,000 in shares receiving a one cent per share discount.
At the closing, the Company received aggregate gross proceeds of $600,000.
An SEC Form 8-K was filed on this topic.
whytestocks
6 years ago
News: $GRWC Grow Capital, Inc Reports Over Half Million Dollar Investment Into The Company
HENDERSON, Nev. , April 16, 2019 /PRNewswire/ -- Grow Capital, Inc (OTCPK:GRWC) announced a successful capital raise for use by the company in execution of its current business plan. The Company's plan is focused on moving the Company away from cannabis related activities and in...
Got this from https://marketwirenews.com/news-releases/grow-capital-inc-reports-over-half-million-dollar-investment-into-the-company-8008482.html