GreenGro Technologies Inc (GRNH)

[Edward]

All conspiracy theories are possible, however i believe the problem with Greengro is the company itself and the current atmosphere in the Cannabis industry.

There are 3 problems with GRNH, 2 seem to workable and able to be resolved, and 1 major (IMO).

One workable is  the cannabis sector has been in a terrible bear market for months, and the second is the debt, which can be resolved.

The major problem with GRNH is that Haas controls the company since he owns 100% of the outstanding Preferred stock, whereas the voting rights give him control.

From the June 30,2019 quarterly statement:

EQUITY  Preferred Stock 

The  Company is authorized to issue10,000,000 shares of preferred stock with a par value of $0.001. The preferred shares entitles the holder equal to i) the greater of 25 votes for each share of Series A Preferred Stock or ii) the number of votes equal to the number of all outstanding shares of common stock, plus one additional vote such that the Series A stock shall always constitute a majority of the voting rights of the Company.

In February of 2012, the Company issued 10,000,000 preferred shares to its chief executive officer and director of the Company, James Haas, for founder related services rendered to the Company. The Shares were valued at par  $0.001 which resulted in a founder shares expense of $10,000