Another Green Session For GreenGro Technologies, Inc. (OTCMKTS:GRNH)

After a dissapointing run in the beginning of the month, GreenGro Technologies, Inc. (OTCMKTS:GRNH) had some impressive success in the last few sessions and seems that it is headed to its price peak from the beginning of the year.

News about the medical cannabis industry are coming quite often and are helping to keep up the interest that the stocks in the sector are seeing. As mentioned in our previous article, there was a second special about marijuana on CNN, which featured Dr. Sanjay Gupta again, but it didn’t manage to produce as much growth for stocks in the industry as the previous time.

GRNH managed to make one of the biggest percentile movements from all the stocks in the sector yesterday, as it gained 23% on the highest volume in a little over a month, and closed the session at $0.67. The 13 million traded shares were enough to provide a healthy $8.2 million dollar volume.

We discussed the bad financial situation in the company yesterday, but we still don’t know how exactly they plan to make a profitable business with their subsidiary Greensticks, Inc. and the prices of the products they sell. Their cheapest e-cigarette kit is priced at $175 and contains 1 battery 1 USB charger and 5 refill cartriges.

At the same time, mCig, Inc. (OTCBB:MCIG)’s cannabis e-cigarette costs only $10, with a $3 shipping cost for USA and $7forCanada. A simple calculation makes it clear that you can buy 10 e-cigarettes for around $100, depending on where you live, when GRNH‘s kit with 10 refill cartridges costs $350.

GRNH has started today’s session on a bad foot and their upward run might pretty much be ended for now. In any case, be sure to do your due diligence and weigh out the risks, before making an investment decision.