GreenGro Technologies, Inc. (OTCMKTS:GRNH) Starts A Recovery

GreenGro Technologies, Inc. (OTCMKTS:GRNH) had a rough tumble after the explosive few sessions that made the whole marijuana branch fly high some days ago, but it looks like it is shooting back up with a 11% market value gain in today’s early trading.

The ticker’s prolonged crash can be attributed to the nature of the jump that preceded it – like most companies in the branch, GRNH soared on hype and hype alone. Since the company has few merits that could convince investors that its stock is worth keeping once the initial rush of enthusiasm fades, naturally it fell hard.

Which isn’t surprising – evidence of aggressive dilution combined with low cash on hand and toxic funding tends to dissuade investors from holding onto a stock once the dust settles and some due diligence is done. All in all –  GRNH‘s financial reports paint a pretty grim picture.

Still, there are bold investors that are willing to look at a company’s red runs as an opportunity to “load the boat” and “stock up on cheapies”.

In this particular case, it would be fair to say that said investors are either extremely opportunistic or extremely devoted to GRNH stock, but no matter how you look at it they are taking a very risky gamble.