Greengro Technologies Inc (OTCMKTS:GRNH) Slips Despite Touting

[[tagnumber 0]][[tagnumber 1]]Last month went pretty well for the stock of Greengro Technologies Inc (OTCMKTS:GRNH) and the optimistic upward movement continued into April as well. While the price kept getting closer and closer to 10 cents per share we saw a drastic increase in daily volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This wasn’t such a big surprise considering that 4/20 was just around the corner. Furthermore, there was a UN meeting held between 19–21 April on the topic of drugs and drug policies, which was surely going to keep the hype up. Despite that, [[tagnumber 6]]GRNH’s[[tagnumber 7]] financial aren’t exactly great and everyone wondered how long can the ticker keep its upward run.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $39 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $747 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $260 thousand[[tagnumber 13]] [[tagnumber 12]]annual revenues: $569 thousand[[tagnumber 13]] [[tagnumber 12]]annual net loss: $3.5 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]GRNH[[tagnumber 7]] did manage to breach the 10 cent per share mark on April 18 and remain above it for 2 sessions. Yesterday the company stock dropped by 14.71% and closed at $0.087, while a total of 9.7 million traded shares generated a daily dollar volume of $868 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This happened despite the fact that [[tagnumber 6]]GRNH[[tagnumber 7]] was touted by The OTC Expert in a report which covered three other entities traded on big national exchanges. The company stock is still being touted today by Emerging Growth. It seems that this is doing more harm than good as [[tagnumber 6]]GRNH[[tagnumber 7]] is already 22.47% in the red as of the writing of this article.[[tagnumber 2]]