Whitepaper Or Ascertained the Underlying Assumptions Relied FINAL DOCUMENT IS PRESENTED PRIOR to the DATE of the PUBLIC Upon by Such Sources
Total Page:16
File Type:pdf, Size:1020Kb
grow.house DISCLAIMERS DISCLAIMER Third party sources generally state the information contained therein has been obtained from sources believed to be reliable; however, there THIS DOCUMENT PROVIDES AN INITIAL SUMMARY OF THE GROW are no assurances as to the accuracy or completeness of included TOKEN PROJECT. AS THE PROJECT PROCEEDS, THIS DOCUMENT information. Although the data is believed to be reliable, GROW has not IS EXPECTED TO EVOLVE OVER TIME. THE GROW TEAM MAY POST independently verified any of the data from third party sources referred MODIFICATIONS, REVISIONS AND/OR UPDATED DRAFTS UNTIL THE to in this whitepaper or ascertained the underlying assumptions relied FINAL DOCUMENT IS PRESENTED PRIOR TO THE DATE OF THE PUBLIC upon by such sources. TOKEN SALE. THIS WHITEPAPER SETS FORTH A DESCRIPTION OF THE PLANNED Please note that GROW is in the process of undertaking a legal and reg- USE OF THE GROW TOKEN. THIS IS BEING PROVIDED FOR INFORMA- ulatory analysis of the functionality of its GROW Tokens. Following the TION PURPOSES ONLY AND IS NOT A BINDING LEGAL AGREEMENT. conclusion of this analysis, GROW may decide to amend the intended THE GROW TOKEN SALE WILL BE GOVERNED BY SEPARATE TERMS & functionality of its GROW Tokens in order to ensure compliance with any CONDITIONS. IN THE EVENT OF A CONFLICT BETWEEN THE TERMS legal or regulatory requirements to which we are subject. In the event & CONDITIONS AND THIS WHITEPAPER, THE TERMS & CONDITIONS that GROW decides to amend the intended functionality of its GROW GOVERN. Tokens, GROW will update the relevant contents of this whitepaper and THIS WHITEPAPER IS NOT AN OFFERING DOCUMENT OR PROSPEC- upload the latest version of it to its website. TUS, AND IS NOT INTENDED TO PROVIDE THE BASIS OF ANY INVEST- GROW Tokens could be impacted by regulatory action, including poten- MENT DECISION OR CONTRACT. tial restrictions on the ownership, use, or possession of such tokens. Regulators or other circumstances may demand that the mechanics of LEGAL DISCLAIMER the GROW Tokens be altered, all or in part. GROW may revise mechan- ics to comply with regulatory requirements or other governmental or As of the date of publication of this whitepaper, GROW Tokens have no business obligations. Nevertheless, GROW believes they have taken all known uses, and are not permitted to be sold or otherwise traded on commercially reasonable steps to ensure that its planned mechanics third party exchanges. This whitepaper does not constitute advice nor a are proper and in compliance with currently considered regulations. recommendation by GROW Chain, Limited (“GROW” or “GROW Chain”), its officers, directors, managers, employees, agents, advisors or consultants, CAUTION REGARDING FORWARD-LOOKING STATEMENTS its affiliated entities and respective officers, directors, managers, employees, agents, advisors or consultants, or any other person to This whitepaper contains forward-looking statements or information any recipient of this document on the merits of the participation in the (collectively “forward-looking statements”) that relate to GROW‘s Token Sale. Participation in the Token Sale carries substantial risk and current expectations and views of future events. In some cases, these may involve special risks that could lead to a loss of all or a substantial forward-looking statements can be identified by words or phrases such portion of such an investment. Do not participate in the Token Sale as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, unless you are prepared to lose the entire amount you allocated to “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or purchasing GROW Tokens. GROW Tokens should not be acquired for the negative of these terms, or other similar expressions intended to speculative or investment purposes with the expectation of making a identify forward-looking statements. GROW has based these for- profit or immediate re-sale. No promises of future performance or value ward-looking statements on its current expectations and projections are or will be made with respect to GROW Tokens, including no promise about future events and financial trends that it believes may affect its of inherent value, no promise of continuing payments, and no guarantee financial condition, results of operations, business strategy, financial that GROW Tokens will hold any particular value. Unless prospective needs, the results of the Token Sale or the value or price stability of the participants fully understand and accept the nature of GROW Tokens GROW Tokens. and the potential risks inherent in GROW Tokens, they should not In addition to statements relating to the matters set out here, this participate in the Token Sale. GROW Tokens are not being structured whitepaper contains forward-looking statements related to GROW’s or sold as securities. GROW Tokens are sold as a functional good and all proposed operating model. The model speaks to its objectives only, proceeds received by GROW may be spent freely by GROW, absent any and is not a forecast, projection or prediction of future results of oper- conditions set out in this whitepaper. This whitepaper is not a prospectus ations. or disclosure document and is not an offer to sell, nor the solicitation of Forward-looking statements are based on certain assumptions and any offer to buy any investment or financial instrument in any jurisdiction analysis made by GROW in light of its experience and perception of and should not be treated or relied upon as one. Written authorization historical trends, current conditions and expected future developments is required for distribution of any or all parts contained herein. and other factors it believes are appropriate, and are subject to risks and uncertainties. Although the forward-looking statements contained All information here that is forward looking is speculative in nature and in this whitepaper are based upon what GROW believes are reasonable may change in response to numerous outside forces, including tech- assumptions, these risks, uncertainties, assumptions, and other factors nological innovations, regulatory factors, and/or currency fluctuations, could cause GROW’s actual results, performance, achievements, including but not limited to the market value of cryptocurrencies. and experience to differ materially from its expectations expressed, implied, or perceived in forward-looking statements. Given such risks, This whitepaper is for information purposes only and is subject to prospective participants in the Token Sale should not place undue reli- change. GROW cannot guarantee the accuracy of the statements made ance on these forward-looking statements. or conclusions reached in this document. GROW does not make and GROW undertakes no obligation to update any forward-looking state- expressly disclaims all representations and warranties (whether ex- ment to reflect events or circumstances after the date of this whitepa- press or implied by statute or otherwise) whatsoever, including but not per. limited to: GROW’s business is subject to various laws and regulations in the coun- Any representations or warranties relating to merchantability, fitness tries where it operates or intends to operate. There is a risk that certain for a particular purpose, suitability, wage, title or non infringement; that activities of GROW may be deemed in violation of any such law or the contents of this document are accurate and free from any errors; regulation. Penalties for any such potential violation would be unknown. and that such contents do not infringe any third party rights. Additionally, changes in applicable laws or regulations or evolving GROW shall have no liability for damages of any kind arising out of the interpretations of existing law could, in certain circumstances, result in use, reference to or reliance on the contents of this document, even if increased compliance costs or capital expenditures, which could affect advised of the possibility of such damages. profitability, or impede GROW’s ability to carry on the business model and the GROW Tokens model proposed in this whitepaper. This whitepaper may include references to third party data and industry publications. GROW believes that this industry data is accurate and that RISK FACTORS its estimates and assumptions are reasonable; however, there are no For a description of the risk factors associated with the sale and pur- assurances as to the accuracy or completeness of this data. chase of Grow tokens, please visit: tbd 2 ©Grow House Ltd https://grow.house April 2021 ABSTRACT The medicinal cannabis production industry is well and truly on the radar of lawmakers in various jurisdic- tions. The plethora of positive scientific research regarding the health benefits of cannabis has made it -im possible for governments to ignore. Forward thinking jurisdictions have either granted permission for use of medicinal cannabis or they have commenced pilot programs permitting pharmaceutical companies to supply cannabis related products to patients. The objective of the Grow Token is to decentralize the cultivation of medicinal cannabis, and the payment and distribution of related products on the blockchain. Grow holders will have exclusive access to the already developed platform. The Grow community will be at the forefront of a fledgling industry which is on the cusp of receiving a massive shot of photosynthesis through the rollback of prohibition of cannabis for medicinal purposes in a wide number of global jurisdictions. THE GROW Decentralized