Since upgrading their filing on OTCMarkets.com to Pink Current, Greengro Technologies Inc. (GRNH) is getting high in the background of the marijuana stocks. While MJNA, HEMP, CBIS and PHOT are all on the front line for traders hoping legislation is passed to legalize the personal use of cannabis next week, GRNH stock set a new 52 week high Wednesday. The provider of eco friendly, sustainable vertical cultivation systems is a must watch penny stock having closed out the month of October up 410%.
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GRNH Stock Chart
Market Cap: 5.35M
Close: 0.045, up 0.005 (12.50%)
Volume: 874,909
Dollar Volume: $40,976
High: 0.05 (New 52 week High)
Low: 0.0336
Trades: 63
Average Trade Size: 13,887
Authorized: 200,000,000
Issued and Outstanding: 126,007,712
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Greengro reported sales for the period ended June 30, 2012 of $7,200 with gross profit of $4,014. It may not be much, but its something from their 2011 acquisition of Vertical Hydrogarden Inc. which cost them a $100,000 note and 21 million shares of GRNH stock.
Basically, Greengro Technologies offers everything a DIY grower could want from a small backyard vertical garden to the rooftops of restaurants. In terms of lighting, their Flux Lighting systems are air-cooled, and, interestingly enough, are also branching out to provide eco-friendly alternatives to traditional animated signage and display adverts. It’s almost as if Oryon Technologies (ORYN) and Medical Marijuana (MJNA) sat down together and formed a partnership.
About GRNH Stock
Greengro Technologies Inc. designs, manufactures and markets eco-friendly sustainable vertical cultivation systems. The Company is a world class provider of green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets.
Bottom Line: GRNH was one of the hottest penny stocks that no one knew about for the month of October. Considering the exposure marijuana focused stocks like MJNA, CBIS, HEMP, PHOT and RFMK have been getting, GRNH stock could be a sleeper among the group and worth a watch. A couple thousand long could pay off bigger than you could imagine with the right patience.
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