GRN Holding Corp (GRNF)

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One of the more volatile penny stocks to watch this month has been Discovery Gold (DCGD). Though the stock is not mining, it is participating in another industry that has seen its own “rush:” cannabis. For the better part of the last quarter, shares of Discovery Gold have climbed from $0.01 to as high as $2.22. Over the last few days, however, the marijuana stock took an aggressive tumble to lows of $0.43.

The company had previously announced that it would be pursuing a name change to GRN Holdings Corporation. Over the past few months, GRN has been adding new management and advisory members. Most of them have some background in the cannabis industry.

On Monday, DCGD shares saw a dramatic trend reversal compared to its previous two trading sessions. Shares opened the week at $0.64 and have seen highs of $0.93 heading into the lunch hour on Monday. The company hosted web conferences on the 13th, throughout the afternoon.