Cannerald, aka CannerGrow, has obtained a securities fraud warning from Germany’s BaFin.
As per BaFin’s October 14th warning, Cannerald AG is below “suspicion of public providing of revenue participation certificates with out required securities data sheet”.
BaFin’s wording is a bit janky however that is the equal of a securities fraud warning in different jurisdictions.
BehindMLM reviewed CannerGrow in August 2019. On the time CannerGrow claimed to be “a undertaking based by Cannerald”.
Cannerald in flip claimed to be a “Swiss analysis and manufacturing firm of hashish.”
The 4 co-founders of Cannerald are Maik Pietrowski, Levin Amweg, Severin Amweg and Sascha Waschle.
Cannerald and CannerGrow solicited funding on the promise of periodic passive returns.
The ruse behind the unregistered funding scheme was the rising and promoting of hashish via Cannerald.
In the present day CannerGrow’s web site not exists. Cannerald operates from the web site area “cannerald.ch”, from which it nonetheless retains up its hashish plant ruse.
There is no such thing as a disclosure of an funding scheme on Cannerald’s web site. Solely three of co-founders are named and solely by first title.