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Friday, June 18, 2021

Green Globe International Inc (OTCMKTS: GGII) Major Move as Co Executes Change of Control and Prepares for Hempacco Co Reverse Merger

Green Globe International Inc (OTCMKTS: GGII) is making a powerhouse run up the charts in recent days skyrocketing well into penny land. The stock is quickly emerging as a volume leader in small caps trading $35 million in dollar volume on Monday morning before noon. Microcapdaily reported on GGII 2 weeks ago stating at the time: “Currently under heavy accumulation GGII is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.026 and its blue skies ahead.” GGII has skyrocketed past the $0.026 level and is currently making a powerplay into double digit pennies. 

The stock has seen a boost in recent weeks after the Company announced that as a result of a private sale of 100 Series A Preferred Shares of GGII, control of GGII passed to The Hempacco Co., Inc. Hempacco is the largest producer of Hemp Cigarettes in the continent, and with integrated end to end warehousing and logistics, Hemp Cigarette brands can warehouse their raw material or finished goods in a dry, refrigerated, or frozen warehouse in the 53,000 square foot plant in San Diego. Hempaco is reportedly doing about $4 million in annual revenues and holds over $10 million in assets. A new board of directors of GGII, under the leadership of Hempacco’s visionary CEO, Sandro Piancone, was appointed, and GGII applied to OTC Markets Group, Inc. for access to its information and disclosure system in order to be able to file missing reports and add further information on the new ownership group.  

Green Globe International Inc (OTCMKTS: GGII) was originally incorporated under the laws of the state of Delaware on November 12, 1999 under the name of Apollo Holdings, Inc. and was originally engaged in the business of creating anti-piracy software. The Company abandoned the original business plan due to difficulties faced by the Company in creating sustainable business in both our business models relating to anti-piracy software services that was offered to corporations with digital assets and the competition in web-based business-to-business intellectual property exchanges.  The Company sought other business opportunities and in March of 2004 completed a merger with GTREX, Inc. a privately held Delaware Corporation that was incorporated on June 14, 1999 to engage in the travel and tourism business.   

Microcapdaily first covered GGII on April 26 when the stock was in the $0.02 range stating at the time: “Green Globe International Inc (OTCMKTS: GGII) is heating up in recent trading with large 6- and 7-digit buys coming in and Monday’s volume topping $20 million in dollar volume on 1.2 billion shares traded. GGII has emerged in recent months as an investors favorite and is currently among the most actively searched and talked about stocks in small caps. Currently under heavy accumulation GGII is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.026 and its blue skies ahead.” 

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On April 27 GGII announced on or about March 22, 2021, as a result of a private sale of 100 Series A Preferred Shares of GGII, control of GGII passed to The Hempacco Co., Inc. (“Hempacco”). A new board of directors of GGII, under the leadership of Hempacco’s visionary CEO, Sandro Piancone, was appointed, and GGII applied to OTC Markets Group, Inc. for access to its information and disclosure system in order to be able to file missing reports and add further information on the new ownership group. This process can take three to four weeks to complete. 

https://i.ibb.co/SsqqZGW/hempacco-logo.pngHempacco’s business model is Disrupting Tobacco™ with consumer goods in the form of herb cigarettes, CBD, CBG, Hemp Cigarettes, and other plant-based natural smokables. Once GGII is current with its OTC Markets filing obligations, it plans to pursue a potential merger or combination of operations with Hempacco. No definitive agreements have been signed between GGII and Hempacco, and there is no guarantee that such agreements will be entered into or that a combination will occur. 

Hempacco is a vertically integrated Hemp manufacturing company in San Diego, California operating out of a 53,000 square foot state of the art Manufacuring facility. It owns The Real Stuff™ Hemp Cigarettes CBD Smokabls, offers hemp cigarettes as a private label supplier and owns its own CBD and Hemp vending machines to roll out product around the country. Besides owning and manufacturing its own name brand, Hempacco also provides private label hemp cigarette full-service product development, manufacturing, and logistics, and CBD automated retail concepts with vending machines. Hempacco’s mission is to be the most recognized name brand of Hemp Smokable products in the world.  

Hempacco is already the largest producer of Hemp Cigarettes in the continent, and with integrated end to end warehousing and logistics, Hemp Cigarette brands can warehouse their raw material or finished goods in a dry, refrigerated, or frozen warehouse in the 53,000 square foot plant in San Diego. Hempaco is reportedly doing about $4 million in annual revenues and holds over $10 million in assets. 

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GGII is making a powerhouse run up the charts in recent days skyrocketing well into penny land. The stock is quickly emerging as a volume leader in small caps trading $35 million in dollar volume on Monday morning before noon. Microcapdaily reported on GGII 2 weeks ago stating at the time: “Currently under heavy accumulation GGII is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.026 and its blue skies ahead.” GGII has skyrocketed past the $0.026 level and is currently making a powerplay into double digit pennies. The stock has seen a boost in recent weeks after the Company announced that as a result of a private sale of 100 Series A Preferred Shares of GGII, control of GGII passed to The Hempacco Co., Inc. Hempacco is the largest producer of Hemp Cigarettes in the continent, and with integrated end to end warehousing and logistics, Hemp Cigarette brands can warehouse their raw material or finished goods in a dry, refrigerated, or frozen warehouse in the 53,000 square foot plant in San Diego. Hempaco is reportedly doing about $4 million in annual revenues and holds over $10 million in assets. A new board of directors of GGII, under the leadership of Hempacco’s visionary CEO, Sandro Piancone, was appointed, and GGII applied to OTC Markets Group, Inc. for access to its information and disclosure system in order to be able to file missing reports and add further information on the new ownership group. We will be updating on GGII when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GGII.

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Disclosure: we hold no position in GGII either long or short and we have not been compensated for this article.

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