GREENHOUSE SOLUTIONS (OTCMKTS:GRSU) has seen a recent explosion in price and volume since reversing off $0.145 lows. GRSU made an explosive move up on big volume earlier this year off its $0.45 base to highs of $0.78 a share but has been all down hill from there since.
There are lots of reasons to suggests pot stocks get hot here; Ohio is voting to legalize on November 3, DEA being told by California judge to stop interfering with dispensaries, 6,000 non-violent drug offenders being released Nov 1st, New York opening medical MJ dispensaries January, Australia lifting ban on medical MJ. Another really big one is Canada’s new Prime Minister Justin Trudeau who has been promising legalization immediately in Canada.
GREENHOUSE SOLUTIONS (OTCMKTS:GRSU) operates three distinct business units within the burgeoning cannabis market: Greenhouse Solutions’ Design & Consulting Service offers an all-inclusive solution to the expansion and efficiency of hydroponic and agricultural businesses nationwide.
GRSU is able to supply a comprehensive solution to the design, build, implementation, production, and expansion of all variations of indoor, outdoor and greenhouse agricultural business; Greenhouse Solutions’ Product Development develops, markets, produces and sells cannabidiol (“CBD”) products for both the personal health and companion pet markets utilizing a licensed probiotic delivery system (US Patent #6,080,401) and other licensed formulas.
Cannabidiol (CBD) is a naturally-occurring substance found in both the cannabis and hemp species of the Cannabis Sativa plant; and Growhouse Solutions acts as a distributor for a variety of equipment, supplies and nutrients for the growhouse industry.
Back in February GRSU announced their plans to manufacture, market and sell a proprietary product for the alleviation of pain in companion animals utilizing Cannabidiols (CBDs) and Probiotics. Greenhouse Solutions previously announced that they were creating products for both the personal health and companion pet markets utilizing a licensed probiotic delivery system (US Patent #6,080,401). Today’s announcement marks the first product to be developed in the Company’s new division that takes advantage of new research in CBD.
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According to The American Pet Products Association (APPA) there are 83 million dogs and 95 million cats in the US. These companion animals are as susceptible as humans to ailments that require pain-relieving solutions. The total market for companion animals in the US reached an estimated $58.5 billion in 2014. Of these expenditures, over $13 billion was spent on medication for the animals. Additionally, a 2009 survey conducted by Virbac Pharmaceuticals puts the annual US market for companion animal pain relievers at more than $250 million.
On November 20 GRSU announced an update on recent developments, corporate changes, and events that have occurred over the recent months.
GreenHouse Solutions, Inc. has recently engaged in a joint venture with a nootropic company, KOIOS. GreenHouse and KOIOS are jointly producing a hemp-infused mental clarity drink utilizing KOIOS’ proprietary blend along with GreenHouse’s proprietary knowledge of hemp and nutritional formulations.
Chief Operating Office, John Michak, commented, “The company has placed an initial order for 225k cans for the first product run. Over the past few months, the company has worked heavily with the team over at KOIOS to attempt to perfect the taste, texture, design, and flavor profile of the hemp infused drink. We’re excited to show the world what we have been working on for the last few months and we expect products to be available online and in retailers in as soon as six weeks,” he concluded.
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Currently trading at a $15 million market valuation GRSU has no assets or revenues and rising short term debt. But GRSU is an exiting story developing in small caps; the Company has been making big strides in the burgeoning hemp market. We will be updating GRSU as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with GRSU.
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Disclosure: we hold no position in GRSU either long or short and we have not been compensated for this article.