Is CannerGrow A Scam? (A Crypto MLM Pyramid Scheme!?)

It’s likely that you have come across CannerGrow through an email list, on social media or got it recommended by a friend or family member.

Is CannerGrow a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this CannerGrow review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining CannerGrow. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of CannerGrow so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at CannerGrow that will hopefully help you to make the best decision you can in the end.

PRODUCT NAME: CannerGrow

OWNER/S: Sascha Waeschle

TYPE OF PRODUCT: crypto MLM

PRICE: €350 – €35k

SUMMARY: Personally I don’t believe CannerGrow is a legitimate company at all, I do believe it’s a scam and a pyramid scheme that you should definitely not waste your money on.

The fact you will need to recruit a lot to succeed, the very volatile nature of cryptos as a whole is another issue, the insane prices for the membership along with the lack of any tangible products is another red flag and lastly the issue with it essentially being a reboot on another ponzi scheme (Cannerald) are the main reasons to avoid this crypto MLM.

I’d rather suggest you look into a business opportunity where the outcome is a lot less volatile and risky whilst also not costing you an arm and a leg to do. This is why I suggests checking out my make money online guide to learn how to create your own online sustainable business in instead

FINAL RATING: 0/5

RECOMMENDED: No!

Table of Contents

WHAT IS CANNERGROW?

CannerGrow is a company that had its website registered in April 2019 so it’s a fairly new company. CannerGrow is actually founded under a different company called Cannerald which is a Swiss based and does both the research and production of cannabis.

Cannerald was launched all the way back in 2017 and didn’t really gain any traction so only recently did the company attempt to resuscitate that business into CannerGrow which is now in the cryptocurrency MLM niche. CannerGrow’s owner is listed as being Sascha Waeschle.

So, this is yet another MLM company trying to get into the cannabis industry much like CTFO, Wellness Biosciences RX, Kannaway. It’s not the only cannabis based company in the market although this time CannerGrow is a cryptocurrency so you’ll be required to purchase the alt coin, much like cloud token, bitcoin, tron and so on.

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CANNERGROW’S PRDOUCTS

CannerGrow doesn’t actually sell any legitimate products, their main product is the membership and this is often a sign that the company in question isn’t necessarily legitimate. Then again cryptocurrencies are generally just intangible currencies so it makes sense why people wouldn’t consider them legitimate, myself included.

As for how much the membership costs, they can vary greatly so I’ll briefly go over them.

€350 membership : you get access to 1 Plant, 100 tokens, €50 per grow/harvest every 2 – 3 months.
€3500 membership : you get access to 10 plants, 1000 tokens and €500 per grow/harvest every 2 – 3 months
€8750 membership : you get access to 25 plants, 2500 tokens, €1250 per grow/harvest every 2 – 3 months
€35000 membership : you get access to 100 plants, 10000 tokens, €5000 per grow/harvest every 2 – 3 months

Clearly the membership can get very very expensive with a €35k top end membership and even the low end amount is a bit much considering what you get for it.

I can’t say it’s trustworthy to go for the membership either due to the original institutions past failure.

COMPENSATION STRUCTURE

As for CannerGrow’s compensation plan, there are 2 main ways you can earn with it.

Residual Unilevel Commissions

The first way to make money with this crypto MLM is through residual commissions, which in this case is via a unilevel structure. If you don’t know how such a structure works, it’s a structure that utilises levels to indicate where a member stands within your team and in turn these levels will determine the amount of commission you’ll be eligible to receive.

A unilevel structure can have an unlimited number of members horizontally within your team whilst vertically (which is the level) will be capped. In this case the structure is capped at level 5.

As for the commission you’ll be able to earn from each level, they are paid as a percentage of funds situated in each level which means you’ll be paid the following :

level 1 (personally recruited affiliates) – 5%
level 2 – 2%
levels 3 to 5 – 1%

ROI Matching Bonus

CannerGrow also pay a matching bonus on the returns that are paid to your unilevel team affiliates.

The ROI Matching Bonus is capped at the 5th level too and are also paid as a percentage. The ROI bonus amounts to the following :

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

THE NOT SO GOOD THINGS

Recruitment Is The Only Way To Succeed

CannerGrow isn’t exactly like your traditional MLM company but, the manner in which you will earn with it is very similar to that of a normal MLM, as in recruitment will be the major benefactor to your success.

I know CannerGrow is a cryptocurrency so there is a chance that the actual value of the coin will grow and will ultimately result in you making a profit (this is very unlikely) but, the money is in building a team, in recruiting and convincing people to join under you and in turn you can take a slice of profits from your referrals.

If you’re not good at recruiting people who are genuinely interested in the opportunity and only know how to convince family into pity buying a membership, the MLM business model just isn’t something you should look into.

A Resurrection Of A Failed Company

CannerGrow as I stated in the beginning, is basically a reboot of another ponzi also owned by one of the owners of this failed company called Cannerald. Obviously the fact that the company failed is a pretty big red flag so, essentially another company in literally the same niche should come off as a red flag at the very least.

Of course there’s a chance that CannerGrow may be a better company overall however, there’s just way too many red flags for it to be legit in my eyes so the fact it’s a resurrection of a failed company is quite concerning and far from a positive

The Membership Can Get Very Expensive

Another big red flag is how much CannerGrow is willing to ask for their membership. A €35k membership is just insane, especially considering the product provided isn’t tangible and of course being a cryptocurrency it’s a insanely volatile too.

If for some reason you believe in this coin, I wouldn’t stop you from making any kind of purchase because that decision is on you but, if you’re on the fence about it, the fact it can cost an insane amount is a huge red flag and is actually something many pyramid schemes have been guilty of doing.

As in charging astronomically for their top end packages. In the end of the day a coin like this is only designed to be pumped and then dumped meaning it’s aim is to get a lot of hype so that the owners can cash out and and the fools who hodl it till the end will essentially be left penniless.

THE GOOD THINGS

There’s literally nothing good I can say about this company, it’s simply a very high risk and very expensive system that isn’t a good long or even short term strategy to help you make money online. It’s definitely a system that I believe isn’t legitimate and something you should skip.

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IS CANNERGROW A PYRAMID SCHEME/SCAM?

Personally I don’t believe CannerGrow is a legitimate company at all, I do believe it’s a scam and a pyramid scheme that you should definitely not waste your money on.

MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing.

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding CannerGrow , feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about CannerGrow and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil