There are only 25 million shares in the float most of which is tightly held.
http://www.otcmarkets.com/stock/CGRW/profile
The market looks forward, not backwards, which is why the stock price has been in a steady uptrend for the past 3 months.
Float is the opposite of tightly held, I think you meant the majority of their stock is held by the company's principals. The market is full of small investors who believe press releases and internet posts, who think cannabiz stocks are the hot new thing they can't miss out on. For the short term, it's possible to make money by buying then selling. One dip and everyone is going to sell. No licensed financial advisor is going to recommend this stock.
A financial report for them is at that site.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=129769
Earnings per share is calculated by earnings divided by outstanding common shares - the 127 million - which may not include the 25 million shares that were withdrawn recently. How Reuters and the Financial Times got the -$0.89 isn't obvious to me, but a negative EPS that is 3 times the stock price is an obvious cause for concern. The stock would not be doing so well if it weren't for marijuana-themed boards to advertise on.
Total assets for their statement ending Sept. 30 are listed as $275,838, but $250,000 of this is a Candwich License which they don't have now - The Company, Mark Kirkland, and Mark One Foods agreed to rescind a Licensing Agreement on October 30, 2014 for the rights to utilize the Candwich-in-a-can patent process and the return of Twenty-five Million shares of restricted common stock to the Company’s treasury - leaving them with $25,838 in total assets. For that quarter they had $3,137,872 in total liabilities, a -$111,859 net income, and retained earnings of -$10,581,297.