GreenGro Technologies, Inc.(OTCMKTS:GRNH) Continues its Fall

When we last checked on GreenGro Technologies, Inc.(OTCMKTS:GRNH) it was falling down from its Feb. 4 high. Yesterday’s session saw the ticker continue its lasting descent and close at $0.4151.

The Feb. 10 session officially took GRNH lower than it started on Feb. 4. The steady decline over the last few sessions has so far cost the company more than 40% of the market value it had after its last jump. Although the ticker doesn’t seem to be gathering much downward momentum, it certainly doesn’t seem to be slowing down either.

This is a perfect example of how a fresh press release may make a ticker jump, but as the news goes cold share prices are likely to drop – especially if there isn’t anything to support the rapid climb any further.

Most of the Marijuana sector is currently experiencing this phenomenon firsthand. Companies like HEMP, INC. (OTCMKTS:HEMP), Growlife Inc. (OTCBB:PHOT) and Cannabis Science Inc(OTCMKTS:CBIS) have all been known to generate PR content and exploit the hype in order to gain an edge on the stock market. Maneuvers such as these are becoming increasingly difficult to pull and lose their effectiveness over time, a fact said companies are discovering presently.

This means that GRNH may be in for a rough ride from now on, because, as was mentioned in our previous articles, it literally has nothing but hype going for it.

GRNH is currently trading 8% down in today’s session.