GRN Holding Corp (OTCMKTS: GRNF) has seen a significant drop in recent months from highs over $1 not so long ago GRNF recently dropped below the $0.20 mark and Investors are looking for a comeback.
GRNF certainly has its detractors but this is a stock that was trading at $2.22 within the last 12 months and from current levels has investor interest, plenty of liquidity and a very large gap to fill.
GRN Holding Corp (OTCMKTS: GRNF) bills itself as a Nevada registered publicly-traded company. The Company owns a number of subsidiaries in the cannabis, CBD, Hemp and Financial Services sectors. GRNF subsidiaries include: Pacific Banking corp, Pacific Merchent Processing, Microcap-advisors, SMLY, inc., DBA 7 Point Financial and 9 Square Consulting, Soulshine Development Group, inc., Soulshine CBD, inc., Mystic Ranch Development Co, LLC, Magic Beans Hemp, LLC, One Source CBD, and Sunshine Hemp.
Microcapdaily reported on GRNF just as the reverse merger was taking place stating at the time: “DCGD” has seen a spectacular rise in recent days from a start point of $0.0016 to recent highs over $0.20. DCGD has quickly attracted a large fast growing shareholder base that transformed this one into a volume leader. DCGD is a reverse merger play which have a long history as some of the most explosive situations in small caps. Incorporated in Nevada in 2010 as Norman Cay Development, Inc. this is a clean shell with no debt on the books. Currently trading at a $19 million market valuation DCGD is a clean shell with no debt on the books which puts it miles ahead of most that trade on this exchange. Reverse merger plays have a long history as some of the most explosive situations in small caps and DCGD has been no exception. while nobody knows for sure it certainly looks as if DCGD will be entering the cannabis business; the new address for DCGD listed on OTCMarkets belongs to Tad Mailander’s law firm Cultiva Law which represents Cannabis Strategic Ventures and American Cannabis Co., Inc and new CEO Justin Costello, a go getter well connected go-getter is linked to over 20 cannabis companies.
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GRNF says it plans to up list to the OTCQB Venture Market to upgrade its position in the public markets and increase its visibility to a wider range of investors. CEO Justin Costello remarked: “Uplisting to OTCQB is an important milestone in the Company’s plan to grow and upgrade its position in the public markets. This move from the Pink Sheets will serve to enhance benefits to existing and prospective shareholders including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements, while increasing our exposure to a broader investing audience.”
The Company has been putting out a flurry of press regarding acquisitions, the latest one is the acquisition of Magic Beans Hemp, LLC. Under terms of the deal announced on February 21, GRN Holding Corporation is acquiring all Magic Beans Hemp, LLC assets including inventory, licenses, intellectual property, and 100% equity in the business. Following the acquisition, the company will be reclassified as a subsidiary corporation under GRN Holding Corporation. Magic Beans Hemp, LLC, located in Tonasket, Washington, is a licensed hemp producer/processor. Magic Beans cultivates craft hemp using its advanced cultivation techniques. Additionally, it sources its specialty genetics yielding high CBD and low THC flower products. Magic Beans targets the smokable hemp flower market.
GRNF getting a ton of attention on twitter:
— Pawpatrol (@Toertels) April 9, 2020
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Currently trading at a $45 million market valuation GRNF has no assets, no revenues and is debt free. The Company is fully reporting at released a 10q on March 16. GRNF has been putting out a flurry of press regarding a number of important acquisitions however investors are still waiting for the accompanying 8ks for these transactions. GRNF certainly has its detractors but this is a stock that was trading at $2.22 within the last 12 months and from current levels has investor interest, plenty of liquidity and a very large gap to fill. We will be updating on GRNF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GRNF.
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Disclosure: we hold no position in GRNF either long or short and we have not been compensated for this article.