GreenGro Technologies, Inc. (OTCMKTS:GRNH) Gears for Gains on New Greenhouse Project
GreenGro Technologies, Inc. (OTCMKTS:GRNH) at least did not crash to rock bottom, keeping some of its gains. GRNH is still seven times the price before the end of its wild run, and on Monday invited $5 million worth of buying, to stand at 41 cents, with a tentative gain of 10%. 
GRNH is not slacking with its press releases, mentioning the start of a new project, the BP Gardens greenhouse in Lincoln, California. Also in the PR message were plans to expand to five greenhouse facilities by 2015. Now, all that GRNH will have to do is prove that its efforts pay out, as quarters roll out with the results of a more liberalized marijuana market.
But GRNH is also the darling of promoting companies, the latest one being Stand Out Stocks, which took up the ticker for no compensation, probably as a bid to improve its past record. The email, landing just as the markets opened, may have the effect of ensuring a more robust daily growth, as GRNH stagnated from triple-digit percentages to barely noticeable daily changes.
The main argument of this promoter is the general rush into cannabis stocks, and the email urges investors to take up a diversified portfolio of those companies. But GRNH has provided the most volumes, stood at the head of the most traded OTC companies and generally may have caused buyers to choose it with priority.
Other marijuana tickers have made similar strong daily gains, though later went on to lose the volumes and become stagnant. Even the industry staple, Medical Marijuana, Inc. (OTCMKTS:MJNA) has been forgotten, barely gaining enough attention to be pushed a few cents up, to the 20-cent levels.
Lesser and riskier companies, like Latteno Foods Corp. (OTCMKTS:LATF) made a wilder swing, due to the rock-bottom price. LATF so far is hanging at the one-cent level.
GRNH still has its winning recipe, for now- volumes much more robust than those for the general sector. This may help te ticker keep more of the gains. But last week proved to be a carnage immediately following the incredibly optimistic period. So it is best to be aware that pot stocks remain drawn upward, but volatility is also threatening.
Investors’ forums are welcoming the new development, and seeing an easily reachable higher price range. Still, it is best to estimate the time frame well, to avoid getting caught in the temporary corrections. While GRNH has longer-term potential and a loyal investor base with high trading, this is no guarantee for the stability of the shares.
