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Thursday, February 25, 2016 10:13:07 AM
This is the only picks and shovels play I know of that has legitimate store and online presence. Considering the next big laws are setting up for more states to capitalize, it may be wise to play both ways.
I supported this stock well into suspension because I believe one expansion will benefit the other. Greners, being long touted on grower websites like icmag.com has at least some 'grass roots' clout with the industry. I'd be surprised if this didn't have slow and steady lift in 6 months to a year.
My short term concern is that they are selling as much stock as they can to keep company operations out of the red or just get back into black territory. They got suspended during the middle of a very expensive expansion and will be looking to become profitable despite recent financing.
The fact that they put in all this effort to get off the greys speaks volumes to the fact that the company itself is not a scam. If it was, we'd not have likely seen all this trouble and instead would have seen familiar faces in a new ticker. With Hegyi promising not to allow this to happen again, skies are looking mighty fine.
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