growop technologies ltd - buyer beware!

I have a security advisory concerning growop technologies. They do business under growop tech, growop technologies ltd.

The founder of the company was a decent guy, he partnered with a Morgan Stanley banker who offered to take the company to IPO. When they went IPO the Morgan Stanley guy never gave the actual founder his shares of the company, he accused him of stealing and kick him out. The Morgan Stanley guy puts the company in the wife's name, as he is on disability from Morgan Stanley and doesn't want Morgan to know about his business ventures. Growop techology ltd builds 53 foot trailers for marijuana cultivation.

John bought such a trailer. He is a bit of a lunatic I must admit. He put $20k down and was contracted to pay the balance after his first harvest. The trailer price is right at $80k.

First off growop was a couple weeks late delivering the trailer, but they didn't postpone the harvest dates in the contract. John grew out a decent grow, but the week before harvest he received notice the balance payment was due. He thought he would financially be able to pay the trailer off in about 3 weeks, after monetizing the harvest, and he ignored the notice.

Growop technologies repossessed the trailer 2 days before harvest, in the middle of the night, with a crew from growop and a tow truck. They harvested the bud and sold it. I know this from talking with John first hand.

I drove by growop tech and noticed 2 more trailers in their yard. I hear second hand they repossessed these trailers also. Also they've repossessed every trailer they've ever sold.

Most of you would never consider buying one of these trailers I know. But if you are considering purchasing one the original owner of growop technologies is operating with a better track record under the moniker growbots. I must disclose i was under contract with growop technology and discovered the details of their scam. I've done no work for them since this incident with John in November, but the details were just recently revealed to me.

This page was just indexed by Google today. I know this because I utilize Google alerts to keep close tabs on this company due to a negative experience I also incurred.

I know the story that has been relayed here to be true, although I will not cite my sources.
There are also many more stories just like this one.

Let's call a spade a spade.
"Morgan Stanley" is Derek Peterson.
His business partner is Dhar Mann.

More information on Derek & Dhar's operations can be found here:
cannabiswarrior.com/2010/09/13/bullshitter-of-the-week-dhar-mann/
cannabiswarrior.com/2011/02/26/stfu-another-wegrow-fail-moving-is-not-a-story/


Here is a well-stated response regarding the parent company of Growoptech, "WeGrow":

weGrow, coined the “Walmart of Weed” is opening this weekend in Sacramento leaving behind a failed store in Oakland that had its Grand Reopening just a few short months ago. weGrow Oakland and its founder Dhar Mann are embroiled in a slew of lawsuits, labor disputes and complaints of local corruption. Several suits have been filed by employees and vendors for uncollected paychecks and payments on goods and services received. They have suffered in Oakland due to poor sales and a lack of supply due to alienating themselves from the industry. Dhar himself has made promises to potential franchisees of significant operating revenue and profit all while his own store was suffering and now ultimately shut down. I would encourage anyone doing a story to do their research and search the Alameda County court records for pending suits, mechanic liens on his building, labor disputes and situations of unpaid vendors.

More good information here:

http://www.eastbayexpress.com/LegalizationNation/archives/2011/02/28/breaking-news-igrowwegrow-allegedly-doesnt-pay-bills

http://www.tokeofthetown.com/2011/02/does_marijuana_really_need_a_big-box_store_like_wa.php

Pay close attention to the comments area.
Dont believe the hype about Derek turning against Dhar.
Derek walked hand-in-hand with Dhar supporting him every step of the way with their shady business moves.
Eventually the snake begins eating it's own tail. That's all you're seeing here.

who the fuck are you people...

Gotta love fools who can't take the time to read the contract and notice the bullshit. Especially when talking about 80k no sympathy from this camp

A balloon payment is a balloon payment and a legal and binding contract is just that.

If the buyer didn’t have the good sense to negotiate some kind of interest only payments, in the case of a delayed payoff due to harvest delays or harvest loss, then they are quite foolish and I have some land to sell them on Mars.

This chit ain’t fluffy bunnies and cute kitty cats. They should have done it better and smarter from the start IMHO.

I hate to see anyone take a loss but when they set themselves up to be clubbed like a baby seal, well it’s just hard to feel sorry for them. S

Getting screwed is part of life.

You're welcome to try and take wants mine, just expect a show if you do.

Great tech! Just purchased a trailer from Growop Tech ltd. Thanks for the recommendation!

Really? How stupid do you have to be to think you're going to pull $60,000 to pay off your remaining balance from a single harvest? Stupid purchase, stupid person, stupid payment plan.
No sympathy here, anyone who falls for this garbage deserves to lose their money.

This sounds like a lame attempt from Dhars camp to somehow redeem himself for all the recent negative press... If these guys fell short of their contract that is their responsibility. Business is business!!!

None of this sounds right, just kinda fishy smelling... ya know. S