|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0067 - 0.0071|
|52 Week Range||0.0055 - 0.0220|
|Beta (5Y Monthly)||-0.81|
|PE Ratio (TTM)||0.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ANAHEIM, Calif., Oct. 18, 2019 -- GreenGro Technologies, Inc. (OTC: GRNH), is pleased to announce that the Company’s wholly owned subsidiary, CBD Ventures has successfully.
GreenGro Technologies, Inc. (GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that its Chief Executive Officer, Matthew Burden, was interviewed by a number of prominent national and local Fox News Radio Stations relating to the nation’s booming hemp market and, in particular, the steps Burden has taken since being named as CEO of GreenGro to pave its way for profitability and sustainable revenue growth. “The increasing media and investor interest in GreenGro is a result of our successful expansion into the booming CBD and hemp-based markets,” said Burden. “The passage of last year’s Farm Bill has virtually overnight enabled our nation’s struggling farmers to grow and sell hemp-based products at close to $40 a pound compared to their previous crops which sold at close to $1 a pound, in the case of kale, for example. This economic climate has set the stage for rapid and profitable growth for companies that have the right mix of high-yielding hemp seeds, experience, distribution and capital –– key factors that differentiate GreenGro versus the other players in the market,” concluded Burden.
GreenGro Technologies, Inc. (OTC:GRNH), an established provider of eco-friendly green technologies for the cannabis industry, announced today that the Company has been awarded its Hemp Cultivation and Storage License required for full scale CBD production at the newest four-acre parcel of real estate in Southern California. With sights set on the solid growth of its newest division, the CBD Ventures and Genobreeding Divisions are moving forward on the propagation of feminized low-THC, high-CBD hemp seeds. Management expects its hemp seed farming venture to be fully operational and producing upon conclusion of fourth quarter.
GreenGro Technologies, Inc. (GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that its Chief Executive Officer, Matthew Burden, was interviewed last week on NBC Channel 4 News and Fox News Channel 11 relating to the Company’s announcement that it will be converting a 160-acre property in Nevada into a hemp farm and research facility. A link to the news clip can be found by visiting GreenGro to Convert 160-Acre Nevada Property on NBC and FOX News.
GreenGro Technologies, Inc. (GRNH), an enterprising provider of eco-friendly green technologies for the cannabis industry, today announced that it has entered into a joint venture with Art Cortez dba Acs American, Inc., to develop a 160-acre CBD and hemp farm in Washoe County, Nevada. With a plan to obtain a Nevada Industrial Hemp Grower, Handler and Seed Producer License by the third quarter of next year, the farm will serve multiple purposes and function as a multi-use research center.
The allure of investing in penny stocks can be quite strong. Every investor has dreams of putting a few thousand dollars in a penny stock and becoming a millionaire when it goes to $100 per share.But you need to be careful. Things aren't always as they seem. Just because it is a penny stock, it isn't necessarily cheap. Companies are typically valued by taking the assets and subtracting the liabilities. Assets consist of things such as cash, property, and inventories. Liabilities consist of things such as debt and loans, salaries, and taxes. These values are easily found on the company's balance sheet.You can also look at the Total Debt to Total Assets ratio. If it is greater than 1, consider it a major red flag. This means liabilities exceed assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe following 7 marijuana stocks all have terrible valuations. In other words, their liabilities are greater than their assets. If you are considering investing in penny stocks, this is something that I believe you should take a look at. Does it make sense to invest your money in companies that are essentially bankrupt? * The 7 Top Small-Cap Stocks Of 2019 I'm not saying that you can't make money investing in them. But you don't need to be Warren Buffet to understand that companies that have value and make money will outperform companies with negative valuations that lose money. Penny Stocks: Players Network (PNTV)Players Network (OTCMKTS:PNTV) is involved in the creation of digital networks and broadband distribution. It also grows and processes medical marijuana. And no, I'm not exactly sure how these two seemingly very different businesses are related.Maybe this strange mix is why this company has been such a loser. Last year it lost over $1 million. According to the balance sheet, the total assets of the company are around $1.2 million and the total liabilities are $11.5 million. That means this company has value of -$10.6 million. Despite this, it has a market capitalization of $17 million. Indoor Harvest (INQD)Indoor Harvest Corp (OTCMKTS:INQD) designs and builds fixtures and equipment for the indoor farming industry.This seems like a great industry to be in, but unfortunately things aren't working out so well for INQD. The company's market cap is less than $1 million. This isn't surprising considering that that it only has $200,000 in assets and $2.6 million of liabilities giving it a total value of negative $2.3 million. * The Top 8 Tech Stocks of 2019 (So Far) Last year it posted a loss of $3.3 million and in 2017 the reported loss was $4.4 million. Abattis Bioceuticals (ATTBF)Abattis Bioceuticals (OTCMKTS:ATTBF) is an agricultural and biotechnology company. It invests in technologies and biotechnology services for the legal cannabis industry in Canada.Despite how cool this business description sounds, this company losses a lot of money.Like most of these little penny stock companies, information on ATTBF was hard to find but I think they have lost more than $20 million between 2014 and 2017, an average of $5 million annually. The most recent reported assets were $1.2 million with liabilities of $440,000. This gives it a valuation of about $700,000. It is typically not a good thing when a company post losses that are more than 5 times its valuation. Blue Line Protection Group (BLPG)Blue Line Protection Group (OTCMKTS:BLPG) provides protection, transportation, banking and training services for the legal cannabis industry. This is a fancy way of saying that they are in the security business.Unfortunately for Blue Line they may not need protection for themselves because they probably don't have anything worth stealing. BLPG lost $1.25 million last year. In the prior four years, it lost a total of about $9 million. * 7 Stocks to Buy for the Same Price as Beyond Meat The assets are just $700,000 while the liabilities are $4.2 million. This gives it a total valuation of negative $3.5 million. GreenGro Technologies (GRNH)GreenGro Technologies (OTCMKTS:GRNH) is involved in the sale of greenhouse systems. The company also sells hydroponic supplies at its retail store in Anaheim, California. They sell pretty much anything you could need if you want to build a greenhouse or an indoor growing system.Considering the rapid growth of the cannabis markets, it is reasonable to believe that this would be a great business to be in. Unfortunately for GreenGro, this has not been the case. Last year it lost $3.7 million. In 2017 the loss was $8 million. With assets of $4.6 million and liabilities of $6.6 million, the value is negative $2 million. Rocky Mountain High Brands (RMHB)Rocky Mountain High Brands (OTCMKTS:RMHB) is a lifestyle brand management company. Their products include cannabidiol and hemp-infused products such as spring water and protein drinks. This is and old company with origins going back to 1968. It seems like in all that time they haven't learned how to make consistent profits. Last year the company lost $3.4 million and in 2017 losses were $9.3 million. * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 With assets of $1.4 million and liabilities of $2.1 million, the valuation is about negative $500,000. Sugarmade (SGMD)Sugarmade (OTCMKTS:SGMD) is a distributor of paper products. The company recently announced plans to enter the hemp extraction technologies and equipment market.SGMD has unfortunately not been too sweet to its shareholders. This company hasn't made money in years and the trend seems to be getting worse. In 2016 it lost $2.5 million and it 2017 the loss was $4.7 million. Last years loss of $6.3 million was even worse. It is no surprise that SGMD has a negative valuation. With assets of $2.2 million and liabilities of $12.4 million, the valuation is negative $10.2 million.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 7 Penny Marijuana Stocks That Are NOT Cheap Stocks appeared first on InvestorPlace.
ANAHEIM, Calif., June 26, 2019 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC: GRNH), a provider of eco-friendly green technologies for the cannabis industry, announced today that in less than 30 days since the launch of the Company’s hemp seed farm in Southern California, CBD Ventures Inc.— a CBD and hemp focused division of GreenGro Technologies which oversees the hemp seed farm — has already signed its first contract and completed its first sale. This near-immediate success is in direct correlation to the growing demand for high quality CBD hemp seeds which GreenGro Technologies is perfectly situated to develop and distribute, particularly with the science contributed by its Genobreeding Division. In a study by Wall Street research firm Cowen and Company, 2018 retail sales of CBD consumer products in the U.S. were estimated to total between $600 million and $2 billion.
“Our recently implemented strategic initiatives should enable us to emerge as one of the most modern, dynamic and effective cannabis business models focused on one primary goal -- the building of shareholder value,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc. “We have successfully restructured the company into three complementary business divisions - - CBD Ventures, Cannabis Ventures and Genobreeding with each division expected to contribute positively to our earnings growth looking ahead. I am looking forward to discussing the significance of these revenue drivers next week and how they should enable us to emerge financially healthier and operationally stronger than ever in our history,” concluded Mr. Burden. To listen to the live interview of "CEO MONEY," please visit www.wfn1.com/listen-live.
“The revenues that will be generated by our launch into the sale of hemp seeds should enable us to continue to improve all of the other divisions that today form GreenGro Technologies,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc. “We expect the sale of those seeds during to have a significant positive impact on both our revenue and bottom line since the costs associated with producing hemp seeds are expected to be significantly less than the revenue that the sale of the seeds will generate. This latest initiative is just one of many examples of why and how GreenGro is positioned to accelerate its revenue and earnings growth at the fastest pace in its history going forward,” concluded Mr. Burden.
GreenGro Technologies, Inc. (GRNH), a leading provider of eco-friendly green technologies for the cannabis industry, today announced that, under new management’s direction, it has implemented a series of actions with the intention to position the Company to establish a sustainable capital structure, continue streamlining its operating model and achieve and grow profitably for the long term. “Over the past several years, GreenGro has worked hard to capitalize on the emerging cannabis industry in Southern California,” said Matthew Burden, Chief Executive Officer of GreenGro Technologies, Inc. “While the Company has made significant progress in establishing a strong footprint in the Southern California market, it has yet to deliver the results our shareholders have rightfully so desired.
GreenGro Technologies, Inc. (GRNH), an established provider of eco-friendly green technologies for the cannabis industry, announced today that it has appointed Matthew Burden as its interim Chief Executive Officer. Burden is an 18-year veteran in the federal sector as a government contractor. Mr. Burden brings a broad range of operations, business and senior management experience to the Company. Mr. Burden will succeed James Haas as CEO, who will still maintain his role as Chairman of the Board.
GreenGro Technologies, Inc. (GRNH), a provider of eco-friendly state of the art technological solutions to the cannabis industry, announced today that it has signed two multi-year management contracts for both Cannabis Ventures and Genobreeding divisions. The new agreements with two Northern California-based licensed cannabis growers, encompasses GRNH’s cultivation and nursery expertise through licensing, management, compliance and consulting.
GreenGro Technologies, Inc. (GRNH), a provider of eco-friendly green technologies for the cannabis industry, today announced a restructuring and cost savings plan to improve efficiency and profitability that should position the Company for long-term success. The restructuring will enhance the Company’s flexibility to invest in new growth opportunities from the cannabis industry with the goal to achieve positive cash flow and earnings in fiscal 2019. “I want to thank you for your ongoing support and confidence in us over the past 12 months. We have made great strides in developing our new business plan and building the team to execute them,” said James Haas, Chairman and Chief Executive Officer of GreenGro Technologies, Inc. “In an effort to capitalize on the numerous growth opportunities that have emerged from the multi-billion dollar and growing cannabis industry, we have restructured the company’s operations to create a more agile, streamlined and efficient core business that should position us for long-term success, with our goal to achieve profitability, as early as possible,” continued Mr. Haas.