Meet The Financier Behind A Hot Pot Penny Stock

This store in Santa Rosa, California is one of seven GrowLife outlets.   Photograph: Jeff Singer/Bloomberg Markets

W-Nets investment in GrowLife over three years yielded a return comparable to the [Standard & Poors 500 Index] but with significantly more risk, Glassman writes. The S&P 500 had a total return of 56 percent from Dec. 31, 2010, to Dec. 31, 2013. Weiner makes more on real estate than he does from stock investing, Glassman says. Mr. Weiners main source of income comes from his commercial real estate business, in which he leases and manages office buildings in Southern California — not from financing growth-stage companies, Glassman writes. On his LinkedIn page, Weiner said he had amassed $50 million in Los Angeles real estate.

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