Thanks to Olympic gold medal winner Ross Rebagliati putting his money where his mouth is, the penny stock of Green and Hill Industries, Inc. (GHIL), dba Ross’ Gold, lit up like a fat joint yesterday. Coming out of the CHAMPS Trade Show in Toronto this past weekend by putting an interview with Mark Kelley from the CBC 5th Estate under his belt, Rebagliati’s presence among a slew of other television interviews forced GHIL stock up the charts on it’s first real trading session since the Company merged with with Rebagliati Gold Enterprises Ltd. back in early March. With the amount of volume that showed up on Tuesday, the launch of the Cannabis.ca partnership is sire to continue it’s “green” effect on this high profiled marijuana stock.
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GHIL Stock Quote
Market Cap: 81.92M
Last: 1.12 ▲ +0.31 (+38.27%)
Dollar Volume: $463,641
14-Day RSI: 44.04%
1st Resistance Point: 1.22
1st Support Level: 0.94
52Wk High: 1.14
52Wk Low: 0.05
Canadians love Ross Rebagliati and his becoming the “poster boy” per say for Cannabis.ca basically makes everyone north of the U.S. border aware that medical marijuana, like it or not, is here to stay. Back in March when Rebagliati Gold Enterprises, Inc. acquired 70% of the outstanding common shares Green and Hill Industries, Inc., thus becoming the surviving Company, shares of GHIL stock had barely traded – until yesterday.
Shares of GHIL stock exploded shortly after the open on Tuesday giving traders a mere glimpse of what to expect as the week continues. For the unfortunate convertible notes payable holders who held a portion of the $80,384 that was on the books as of January 31, 2014, they won’t even get to see one share to dump into the upcoming trading sessions since, as per the merger agreement, all debt holders forgo any demand and security of the outstanding debt even though it will remain on the Ross’ Gold books for 3 years before being forced to convert all of it at $1.
With interviews to be aired in the upcoming future on HBO’s critically acclaimed VICE, Disney/ABC/Univision’s “The Cannabusiness Report” with Ryan Nerz and many others, GHIL stock is likely to remain a hot penny stock on the OTC until, like many other celebrity faced shares, gets slammed publicly for being a total scam. Seeing as how Rebagliati is teamed up with www.Cannabis.ca to help put medical cannabis patients together with licensed producers of the Ross’ Gold podium of brands, GHIL should continue to see a few good sessions.
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About GHIL Stock
Green and Hill Industries, Inc., dba Ross’ Gold, is a development stage company that plans to license its established brand through partnerships with government approved licensed producers in Canada for medical cannabis strains called Ross’ Platinum, Ross’ Gold, Ross’ Silver and Ross’ Bronze with specific THC/CBD levels for specific ailments.
Issued and Outstanding: 101,139,212
Last 5 Trading Sessions:
Celebrity backed penny stocks used to be the one sure-fire way to virtually guarantee that your stock price would go up. Seeing as how it’s less of an endorsement, and more of a full on commitment, GHIL stock deserves its place on the watchlist for those willing to go above and beyond $1 to chase their dreams.