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Saturday, July 2, 2022

What are the Support Levels for GreenGro Technologies, Inc. (OTCMKTS:GRNH)?

GreenGro Technologies, Inc. (OTCMKTS:GRNH) is moving up again after hitting an intra-day low of $0.115. This one exploded earlier this year as Marijuana was legalized in Alaska, Oregon and Washington DC. GRNH has shown us it can move and as the pot stock heat up again as we head into November this one might just provide another spectacular trade opportunity like it did the last time around.

GreenGro Technologies, Inc. (OTCMKTS:GRNH) is a world class provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, small and large scale commercial clients. Greengro Technologies also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational marijuana sectors.

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Besides Off the Grid Solar Systems from 300 watt to 20,000 watt Greengro has a number of products currently on the market including:

Greenhouse Kits: The technology behind greenhouses is quite simple. Heat is trapped inside and is used to grow plants and vegetables. Using a greenhouse means the proper amount of humidity can be maintained, and this grows strong and healthy plants. It will also keep out bugs, animals and children, all of which can damage an outdoor garden.

Greengro is one of the leaders in eco-friendly growing technologies. They specialize in Vertical Systems which allows you to utilize as much space as possible. This means you can grow more plants than you could using a regular horizontal area. Because your plants will receive the maximum amount of light needed at all stages of development, your yields will increase.

On October 21, GRNH provided an update for progress made on both BP Gardens Projects. The overall scope of the project encompasses two disparate locations and growing methods. BP Gardens Buena Park features a 30,000 seat full hydroponic grow system while BP Gardens Lincoln employs a zero waste, 80% water saving aquaponics solution. With California facing one of the worst droughts in history, these systems will help change the way we grow, modernizing its processes to become more sustainable for the future .

Buena Park has completed the construction of its full hydroponics system and is now in the beginning phase of planting its first crops. Ideally suited for leafy greens, the full hydroponic grow system will provide crops to current customers and partners including local restaurants, retail groceries and cooperatives.

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Conclusion: the last time pot stocks got hot GRNH led the fold running from pennies to $1.20 per share. Now that the stock has hit a recent low of $0.08 and looks to be reversing, trading volume has increased and the stock looks to be under accumulation.

One thing longs are betting on is that the Cannabis sector will heat up again as The Florida Right to Medical Marijuana initiative, Amendment 2 is on the November 4, 2014 ballot in the state of Florida as an initiated constitutional amendment. The measure, upon voter approval, would legalize medical marijuana in Florida.

If pot stocks heat up again and there is much to suggest they will, GRNH might be the perfect trade vehicle to cash in on this coming trend. Currently trading at a $16 million market valuation GRNH is one pot stock that deserves to be on investors radars here.

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

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