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Sunday, September 25, 2022

Green Globe International Inc (OTCMKTS: GGII) Reversal Brewing as Hempaco Heats Up on Nasdaq

Green Globe International Inc (OTCMKTS: GGII) is beginning to trend northbound off its $0.004 base and looks to be back under accumulation after topping out at $0.0199 on Monday morning. This comes as majority owned Hempaco went public on the Nasdaq raising $6 million by selling 1 million shares at $6. Following a wild day of trading on Wednesday HPCO bulls stepped in on Thursday pushing the stock to a $8.35 close on 50 million shares traded. At the current price based on 23,010,124 shares outstanding HPCO trades at a $192 million market valuation; 79.9% of HPCO common stock is owned by GGII making the Company’s stake in HPCO worth $153 million. GGII has a history of big moves skyrocketing to over $0.16 per share during summer 2021. 

Green Globe entered into a lock-up agreement with Hempacco whereby the Company will not sell any of its shares for a period of 1 year. 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. Hempaco is focused on Disrupting Tobacco™ by manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. Hempacco utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. 

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Green Globe International Inc (OTCMKTS: GGII) is a fast-moving consumer goods incubator and holding company of intellectual property, products, and companies that better people’s lives by helping them feel and look better inside and out. Green Globe (GGII) owns or has interests in several brands and companies including; Green Star Labs, Inc., changing how people feel about themselves inside and out with nutritional supplements, CBD, and beauty products, and hemp CBD cigarette and rolling paper manufacturer Hempacco Co. Inc., Disrupting Tobacco’s™ $1 Trillion tobacco industry, with its subsidiaries and joint ventures including HempBox Vending, Inc. vending and advertising company, Cali Vibes, Inc. Cannabinoid cigarettes, HempHop Smokables, Inc., partnering with music producer and rapper Rick Ross, Cheech and Chong Smokables, Inc. delivers cannabinoid Hemp CBD cigarettes to consumers with Cheech and Chong as partners. The Real Stuff Smokables, Inc. Green Globe is publicly traded under the ticker symbol GGII, and continues to look for best-in-class companies, products, and patents to create Fast Moving Consumer Goods and channels for selling them, including retail automation and advertising platforms. 

GGII owns or has interests in several brands and companies including: Green Star Labs, Inc., changing how people feel about themselves inside and out with nutritional supplements, CBD, and beauty products, and hemp CBD cigarette and rolling paper manufacturer Hempacco Co. Inc., Disrupting Tobacco’s™ $1 Trillion tobacco industry, with its subsidiaries and joint ventures including HempBox Vending, Inc. vending and advertising company, Cali Vibes, Inc. Cannabinoid cigarettes, HempHop Smokables, Inc., partnering with music producer and rapper Rick Ross, Cheech and Chong Smokables, Inc. delivers cannabinoid Hemp CBD cigarettes to consumers with Cheech and Chong as partners. The Real Stuff Smokables, Inc. 

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. Hempaco has conducted research and development in the smokables space and are engaged in the manufacturing and sale of smokable hemp and herb products, including The Real Stuff™ Hemp Smokables. The Company’s operational segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays. Hempaco inhouse brands are currently sold in over 200 retail locations located in the San Diego, California, area. The Company’s private label customers include well-known and established companies in the cannabis and tobacco-alternatives industries, and we currently own approximately 600 kiosk vending machines which the Company plan to refurbish and use to distribute its products in a wider fashion under its HempBox Vending brand.

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GGII

Microcapdaily first covered GGII on April 26, 2021 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 investor 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.”  

On August 15 GGII congratulated Hempacco Co., Inc., its majority-owned subsidiary that is focused on Disrupting Tobacco’s™ nearly $1 trillion industry with hemp cigarettes, smoking paper, and other alternatives to nicotine tobacco, on its successful first day of trading on The Nasdaq Capital Market. Hempacco’s shares of common stock began trading today, August 30, 2022, under the ticker symbol “HPCO,” and closed normal trading on August 30, 2022, at $7.78 with a high of $41.80 and a low of $6.00 on volume of 4,522,082 shares. Green Globe is Hempaco’s largest shareholder owning 18,395,532 shares of common stock of Hempacco. 

Green Globe entered into a lock-up agreement with Hempacco and Boustead Securities LLC, the underwriter of Hempacco’s initial public offering of 1,000,000 shares of common stock at $6.00 per share, pursuant to which Green Globe shall not offer, issue, sell, contract to sell, encumber, grant any option for the sale of, or otherwise dispose of, any of our securities for a period of 365 days from the date on which the trading of Hempacco’s Common Stock on Nasdaq commences subject to customary estate-planning carve-outs. 

https://twitter.com/vitucci_nick/status/1565472514066812932

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Currently trading at a $211 million market valuation GGII is trending northbound off its $0.004 base and looks to be back under accumulation after topping out at $0.0199 on Monday morning. This comes as majority owned Hempaco went public on the Nasdaq raising $6 million by selling 1 million shares at $6. Following a wild day of trading on Wednesday HPCO bulls stepped in on Thursday pushing the stock to a $8.35 close on 50 million shares traded. At the current price based on 23,010,124 shares outstanding HPCO trades at a $192 million market valuation; 79.9% of HPCO common stock is owned by GGII making the Company’s stake in HPCO worth $153 million. GGII has a history of big moves skyrocketing to over $0.16 per share during summer 2021. 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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