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Guess been a little asleep, but if this is true... Off we go finally!!!
GreenGro Technologies to Pursue New Three-Pronged Strategic Growth Initiative Designed to Establish First-Mover Advantage and Dominant Share of Booming Global AgTech Markets
Press Release | 09/21/2022
Highlights:
Company's successful restructuring plan - - responsible for the quick but temporary exit from the cannabis markets and redeployment of management's time and resources on the buildout of three different yet synergistic wholly owned subsidiaries - - streamlined operations and fueled the stellar financial performance thus far this fiscal year
Revenues in first half of current fiscal year increased over 800% from last year and enabled the Company to achieve a significant swing from a six-figure loss to a positive gross profit in both the first quarter and first half periods of the current fiscal year
Board decision to pursue three-pronged growth initiatives targeting AgTech industry based on confidence in our strengthened management team and the industry's broad-based acceptance and adoption of our proprietary state-of-the-art technologies that could address the much larger AgTech markets, domestically and internationally
https://www.otcmarkets.com/stock/GRNH/news/GreenGro-Technologies-to-Pursue-New-Three-Pronged-Strategic-Growth-Initiative-Designed-to-Establish-First-Mover-Advantag?id=373219
Hmmm. Somethings going on with this spread. Last time it was acting like this it rocketed.
Something is brewing!
46 million shares traded yesterday!!! I agree something big is about to happen here. Hold on tight!!
Next stop 0.05!!!
Something is brewing!!:)
A soft grand opening for the first Stop N Grow retail store that will carry the Company’s products is expected next month in Holbrook, Arizona.
Under the terms of the exclusive agreement, Stop N Grow will market and distribute the Company’s products and services with a focus on its proprietary greenhouses, modular rooms, and vertical sliding racks. It is also agreed that certain GreenGro-branded products from its hemp and cannabis operations will also be distributed through this sales channel.
For more information about GreenGro Technologies and its solutions, please visit www.greengrotech.com.
Garland and Booker talking about MJ decriminalization!!!:)
Yeah it’s great to see life back here.. This is why this sector is going to explode!! https://www.denverpost.com/2021/02/09/colorado-cannabis-2020-record-sales-year-2-billion/?utm_source=facebook.com&utm_campaign=socialflow&utm_medium=social&utm_content=fb-denverpost&fbclid=IwAR070kv3t_L88Gj2RNVb_I7eQeMNBis57aA1fsftFnXFGq8ELX1G4rQb190
Haven’t seen a move like this in a long time!!:)
Someone knows something??? Biggest move in a while!!
That’s a pretty big spread! Could this be taking off
Financials are out!
This is maybe a good sign. I’m looking forward to seeing how this plays out. Comment posted on there Facebook page
From the CEO Matthew Burden "Thank you for your comment and concern in regards to transparency. My background is fairly simple. I have worked for the DOD for the past 18 years and transparency is the ethos we live and breathe. Our top priority at this time with GreenGro is to clean up the past with regards to the financials and contracts. Balance out the current projects under new management and continue procurement to build a strong future for GreenGro. I am still getting a pulse on where the company currently stands and meeting all the employees so we can perform a comprehensive outline of our current capabilities. Once we have established a baseline we can decide which contracts to perform on and which ones we will need to sell off so we can be as agile as possible. My commitment is to the shareholders of GreenGro and seeing the value of the company increase so all may benefit. All new contracts, correspondence, financial reporting, press releases etc. will be thoroughly vetted prior to being released. We appreciate your continued support during this time of transition and we look forward to the future."
Yes!! I feel change in the air! $$$$
Yeah I feel the same way. I have been on exactly the same ride with you and it sucks!!! I still hold a small sliver of a hope that this may turn around though. The world of penny stocks does not play by the normal standard rules. In there Q3 financial report, the number themselves were bad, but the “standard” and the detail of disclosures was a lot cleaner and more detailed then anything before. That can be a good sign that a company is focused on changing things around. So I’m hoping that may start translating into something. Again it’s a penny stock so you have to maybe read into and look for any small indications of hidden opportunities, but I could be just as wrong.
I completely agree. I’m not defending them in that aspect. Just trying to keep the facts straight...
I was there the time before when they filed late. Any company that misses the deadline receives it, but as soon as they publish the Q4 it will be removed. They are a penny stock, they don’t have to file Sec reports
Hopefully this happens this time!!!
Company to Host Investor Conference Call
The Company today also announced that Jim Haas, Chairman and CEO, will host a conference call with its shareholders to provide a more detailed update on its operations and to answer any questions from the investment community. A specific date and time will be announced shortly.
To be added to the Company’s investor email lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com
Something is brewing. The ask is getting slapped and volume is looking good
That’s what makes a market;)
The other main half empty way to look at things changing is this is the first time a Qtr report has come out on time without an extension filed. Haas does at least seem to be fixing up how the financials are reported. Hopefully that’s a good sign of other things to come
That would be the spark we need to get this thing going again
Yeah that’s exactly what I’m wondering. Either the Q1 financials are off the charts amazing or I’m at a loss
Did we miss something????
https://backend.otcmarkets.com/otcapi/company/financial-report/196857/content
Well the annual is out there. Not great, but looks a lot worse then it should because they have already moved over to the new account standard FASB 842. Have to now record leased assets on the balance sheet. It’s going to do this to every company in the worlds balance sheet as they adopt ahead of 1/1/19. At least it is out there
There she blows!!
I think there going to be fed up with him on this issue as well as it’s going to force them to have to deal with it when they probably were happy with the status quo. Again the Cole memo is a bandaid and though well intentioned has basically create this environment we are in with banks and other fed laws issues. Again not saying this isn’t going to be painful but it’s going to put a lot of pressure on now to fix either way
Now that the initial shock is starting to wear off, I’m starting to think this may actually be a great thing and it may even be intentional on his part (probably giving him way too much credit there). But the Cole memo has basically given Congress a pass in having to reschedule. This is going to force there hand big time. Again remember session himself said he will enforce the law of the land, if the laws need to change that’s up to congress. I would bet we see bills be brought to the floor here in a very short period of time. There is way too much money involved with CA live for Washington not to do something quickly
What evidence do you have of bad financials?? Insider knowledge?? You claim to be a wise investor, yet spread non based information/rumors. This is being manipulated right now to the max by the mm. We’ll see what happens once the fins do hit and how bad/good they are.
No buying or selling here. Have held and will continue to hold my position. 20 years working in the markets and have made a lot and lost some on a lot of different names. DD & interpretation of that is the name of the game. I have also spoken to Haas and a lot of other people around the industry and continue too. I have a different feel for what’s going on here. Time will tell who’s right! Good luck to you!
I’ve been here for a long time! I guess mine is too. It does take two to make a market, just hope your not chasing here too much in a couple of months;)
No I understand that this isn’t a Fortune 500 company and that the industry that we are dealing with has a lot of legal and complicated head winds to deal with. I know what I’m investing in and the risks I’m taking. I would suggest that you look else where if you not comfortable with the risk.
There total revenue is up almost 5x from prior qtr. The gross profit is lower then there admin costs. Just to set the record straight. Right now for a penny stock to show that increase in rev is huge. You do not like the financials or think it’s a shell company or don’t like the risk of penny stocks your more then welcome to look at other investments/boards.
I completely agree! The revenues are there and the way that these companies have to deal with the regulatory and legal issues as far as banking and financing more then explain why they have had to pull and use funds the way they have. IMO, we are going to take off here towards the end of the year.
Yeah I was hoping for a lot of questions to be answered instead of more being generated. That said I don't believe it's as all doom and gloom as some are portraying. Are there questions around what these notes are for, completely! But let's keep in mind that this industry is not like all the others. These guys can't currently get funding the way most other companies in different industries can so they may have to do some creative things in the mean time. Also they did have greatly increased revs. Again everyone should do there own DD, don't take my thoughts or anyone else's as gospel.
I completely agree! In fact I think the harder he pushes the quicker we will get MJ rescheduled, as congress will have too much pressure on them not to do something as he cracks down. Too unpopular but more importantly too many $$$$$ involved!!! It's a very interesting scenario that even Sessions alluded to in his confirmation.