GreenGro Technologies, Inc. (OTCMKTS:GRNH) Invites Buying With Stronger Momentum

Just as we predicted, momentum is still heating up for GreenGro Technologies, Inc. (OTCMKTS:GRNH), which rose sharply on both sides of the weekend. The ticker added more than 76% on the new week’s opening, reaching 18 cents, as buying exceeded dollar volumes of $7 million. GRNH has crossed the 20-cent border before, the question was how fast it would happen now, and how stable the new levels would be. GRNH0701.png

GRNH still chugs along without an active promotional campaign, or even a new press release, but the week may see further activity, as more cannabis companies expand their activity in the face of new liberalizing legislation. Investors’ forums are one of the engines of this optimism, with opinions seeing the ticker easily scaling a few dollars. While GRNH may see shorter-term corrections, for now sentiment at Investors’ Hub remains extremely positive. TRTC0701.png

Terra Tech Corp. (OTCBB:TRTC) is a climber of a similar mettle, which went through its temporary setback, but went back to climbing. TRTC, supplying growers’ technologies and hydroponics, grew further to 18 cents, standing in a similar price range to GRNH, appearing as a potential risk- modifier, if investors desire a varied exposure to the sector.

Medical Marijuana, Inc. (OTCMKTS:MJNA) is more sluggish, unable to make a run as the ticker seems to have consumed its novelty potential, and for now drifts sideways. MJNA also tried to attack the 20-cent levels, only to slide back toward 16 cents.

We will be tracking GRNH in the coming days, to see how strong the trend is, and if the booming sector has any downside risks. It is best to choose the preferred price range well, to avoid being caught in more volatile bets, exposing weaker trends.

So far, GRNH fits the general financial profile of cannabis stocks, with the following results:

  • cash: $4.9 thousand
  • total current assets: $42 thousand
  • total current liabilities: $156 thousand
  • revenues: $7.2 thousand
  • net loss: $221 thousand

The medical marijuana sector spans different price ranges, from a few cents to tickers vying for the dollar levels through reverse splits. It is best to choose the ones that suit your risk acceptance best.

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