GRN Holding Corp (OTCMKTS: GRNF) has been moving steadily higher in recent weeks as volume surges and long suffering longs are starting to get excited again! After a brief dip below the $0.20 mark GRNF is running north fast trading as much as $500k in dollar volume on some busy days.
Its easy to get excited about GRNF; looking back to when it was called Discovery Gold Corp; this one took off in June of last year just as a new owner was taking over the shell and ran to highs of $2.22 in September; when a stock like GRNF heats up; penny stock speculators pay attention.
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 Harvard grad and one seriously well connected go-getter is linked to over 20 cannabis companies.
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Owner of the shell and alleged ex-CEO Justin Costello who is no stranger to the financial markets took over the shell in July 2019 and changed its name to GRN Holding Corp in November from Discovery Gold Corp. According to the July 22 8k “On June 20, 2019, GRN Funds, LLC, a Washington limited liability company, and its manager and Chief Executive Officer, Justin Costello, purchased a total of 139 million shares of the Registrant’s common stock representing 55.65% of this issued and outstanding shares, in a private transaction with Stephen Flechner and David Cutler. As a result of the closing of the transaction on June 25, 2019, GRN Funds, LLC and Mr. Costello acquired a majority of the issued shares eligible to vote. The total purchase price of $300,000 was paid in cash by GRN Funds, LLC. As a condition to the closing of the transaction, the Registrant’s Directors Mr. Stephen Flechner and Mr. Ralph Shearing resigned, and Mr. Flechner resigned as Chief Executive Officer and President, and Mr. Justin Costello was concurrently named Director of the Registrant, President and Chief Executive Officer.”
On June 26 GRNF announced Sunshine Hemp, Inc. the first permitted University Hemp research program in Florida, received the first approval in the State for “Pilot Project Hemp Seeds” which allows Sunshine the opportunity to legally sell those hemp seeds to a potential market of approximately 1,200 applicants who applied for cultivation licenses in Florida’s new State Hemp Program. Sunshine Hemp will be the only University approved company with tested strains of premium CBD and CBG dominant feminized hemp seeds, seedlings, and cultivars for sale to Florida growers.
In 2018, Sunshine Hemp partnered with Florida A&M University in the Florida Industrial Hemp Research Pilot Program authorized under Section 1004.4473, F.S to research, test and commercialize hemp genetics that would perform well in Florida and meet all state and federal compliance guidelines. After a rigorous 12-week research program with extensive data analysis and testing at the Sunshine Hemp research sites in Florida, the University approved the seeds as the first “Pilot Project Hemp Seeds & Cultivars” under the stringent guidelines dictated by Florida law and the Florida Department of Agriculture and Consumer Services. This allows Sunshine Hemp to market and sell seeds, seedlings, and cultivars to hemp growers in Florida as well as outside the state. The approval positions Sunshine Hemp to be first to market with legal hemp seeds, seedlings, and cultivars.
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Currently trading at a $66 million market valuation GRNF has no assets, no revenues and is debt free. The stock has been moving steadily higher in recent weeks as volume surges and longs are starting to get excited again! After a brief dip earlier this month GRNF is running north fast trading as much as $500k in dollar volume on some busy days. Its easy to get excited about GRNF; Microcapdaily was covering it when it was called Discovery Gold Corp; this one took off in June of last year just as a new owner was taking over the shell and ran to historic highs of $2.22 in September; when a stock like GRNF heats up; penny stock speculators pay attention. 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.