GreenGro Technologies, Inc. (OTCMKTS:GRNH) has seen a significant acceleration of volume and the stock is starting to make moves north since reversing off $0.021 lows. When pot sock heat up GRNH is the right one to own; the stock has a long history of spectacular moves up running to $1.20 in 2014.
Back in early 2014 penny stock pot stocks transformed the bb’s making jaw dropping runs mulit-month runs and Investors have been hoping for another such market ever since.
There are plenty of reasons for pot stocks to get hot now; I could not have put it better then Ihub poster, jjr04001 who states ”There’s been a sleu of positive press. Check my post history on vpo* for links. Canada’s new prime minister promising legalization immediately, DEA being told by California judge to stop interfering with dispensaries, billionaire Richard Branson suggesting a decriminalization ammendment in the U.N., Ohio voting Nov 3rd, 6,000 non-violent drug offenders being released Nov 1st, Australia lifting ban on medical mj, New York opening medical mj dispensaries January, Colorado revenues increasing…..”
GreenGro Technologies, Inc. (OTCMKTS:GRNH) is a holding Company that has acquired a number of different divisions in the medical Marijuana space. The Company owns green houses, and water supply systems that are ideally suited for growing Marijuana.
Back in March GRNH raised $875,000 in a private placement and acquired Vertical Hydrogardens, Inc. a manufacturer and vender of vertical-gardening equipment and supplies. GRNH re opened a retail location which will serve as the initial brick and mortar location for a franchise of stores they want to open.
That same month GRNH also acquired Greensticks, Inc.; a patent pending technology for an electronic vaporizer for Cannbidiol (CBD). Branded as a new way to medicate, Greensticks is a battery powered electronic vaporizer designed to look like an electronic cigarette. The cartridges are filled with 100% organic liquefied flowers and pharmaceutical grade glycol as found in asthma inhalers.
Another devision of GRNH is their subsidary BP Gardens, Inc., of Anaheim, CA. that is focused on hydroponics and builds greenhouse. They currently produce leafy green produce year-round in any climate. They specialize in vertical grow systems that allow you to utilize as much space as possible. This means you can grow more plants than you could using a regular horizontal area as the plants will receive the maximum amount of light needed at all stages of development.
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The shell has been around for years; originally incorporated in Nevada in the 90’s GRNH used to be Authoriszor (AUTH) which was a NASDAQ listed Company until 2002. At the time they developed and supported applications and advanced software products.
On September 22 GRNH announced a line of “all-in-one,” do-it-yourself (DIY) rooftop photovoltaic (PV) solar power system kits with microinverters for use in both the home and commercial grow operations. The kits, which range in performance capacity from 2-7 kilowatt-hours (kWh) and cost between $3,000 -$14,000 per kit, are available from Greengro through its subsidiary Vertical Hydrogarden Anaheim, Calif., a premier retailer of year-round hydroponic supplies.
The Greengro DIY Solar Install Kits w/Microinverters help customers offset the costs of running everything from kitchen appliances to hot tubs and air conditioning units, saving anywhere from 40 to upwards of 90 percent on current energy bills. For half the homes in the U.S., Greengro’s 7000 Watt microinverter-based kit is more than enough to completely eliminate electric bills. The actual power generated will vary based on location, equipment and installation factors.
GRNH CEO James Haas said “The low cost and ease of installation make these kits highly attractive to contractors, growers and do-it-yourself homeowners who, until now, have been put off by the high price of a rooftop system. The kits come with instructions and customers save money by doing installation themselves instead of hiring a contractor. We do recommend hiring an electrician to power up the system.”
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Currently trading at a $5 million market valuation GRNH has little assets or revenues and rising short term debt that has resulted in dilution over the years. But GRNH is one of the original pot stocks that has been around for years and as I said, when the sector heats up this is one to own; in 2014 in ran from sub pennies to $1.20. We will be updating on GRNH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GRNH.
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Disclosure: we hold no position in GRNH either long or short and we have not been compensated for this article.