ANAHEIM, Calif., Oct. 03, 2018 (GLOBE NEWSWIRE) -- GreenGro Technologies, Inc. (OTC: GRNH), an established provider of eco-friendly green technologies, today announced
that a leading independent investment newsletter, www.investorplace.com, ranked GreenGro Technologies, Inc. as the 10th most attractive cannabis stock to own heading into 2019. The publication’s rationale for its ranking was
primarily due to the relative success of the Company’s hydroponic greenhouse subsidiary. The newsletter noted that “…As the
American public becomes increasingly favorable to marijuana initiatives, demand for advanced grow rooms should skyrocket. In
addition, the company specializes in other turn-key facility solutions.” The newsletter concluded by saying “….GRNH appears
to have found a bottom…..we could see GreenGro stage a recovery rally later this year.”
Following is a Complete List of The Top 10 List as Published by Investorplace
Ranking |
Company Name |
Symbol |
Market
Capitalization |
Stock Price |
1 |
AmericCann,
Inc. |
ACAN |
$68 Million |
$3.07 |
2 |
Aurora Cannabis
Inc. |
ACBFF |
$9 Billion |
$9.30 |
3 |
American Cannabis
Company Inc. |
AMMJ |
$27 Million |
$0.53 |
4 |
Aphria Inc. |
APHQF |
$3 Billion |
$12.51 |
5 |
General Cannabis
Corp. |
CANN |
$128 Million |
$3.82 |
6 |
CV Sciences
Inc. |
CVSI |
$420 Million |
$4.98 |
7 |
Cara Therapeutics
Inc. |
CARA |
$892 Million |
$23.47 |
8 |
Cannabis Science
Inc. |
CBIS |
$107 Million |
$0.37 |
9 |
Peak
Pharmaceuticals |
PKPH |
$9 Million |
$0.12 |
10 |
GreenGro
Technologies |
GRNH |
$12
Million |
$0.03 |
“Being ranked with such heavyweights as AmeriCann and Aurora Cannabis is by far one of GreenGro’s greatest single milestones
since becoming a public company,” said James Haas, Chairman and CEO of GreenGro Technologies. “However, it wasn’t through
sheer luck but rather intensive research and development, a certain tenacity to succeed that instills across all our employees and,
of course, a loyal and longstanding consumer base. Although the newsletter highlighted our state-of-the-art greenhouses, I am
excited to shortly be announcing what will mark the second and possibly faster growing segment of our business, our highly
anticipated launch into the CBD market,” concluded Mr. Haas.
Company’s Expected Launch into the CBD Market
Cannabidiol, or CBD, is a component of the marijuana plant. Unlike THC, CBD cannot give you a sense of euphoria or
make you intoxicated. What it can do, however, is provide anti-inflammatory, analgesic, anti-nausea and anti-seizure effects,
according to industry experts. While THC acts on certain cannabinoid receptors found in the brain and central nervous system,
CBD works throughout the body. GreenGro’s strategy all along was to allow the heavyweights, such as GW Pharmaceuticals and
Insys Therapeutics, Inc. to spend the millions of research and development dollars it did not have to create the market for smaller
yet more agile players such as GreenGro Technologies. The Company expects to update investors on its latest developments in
this arena very shortly.
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About GreenGro Technologies
GreenGro Technologies (GRNH) is a provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor
agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce
through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers
include restaurants, community gardens, small- and large-scale commercial clients. GreenGro Technologies also provides design,
construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational
marijuana sectors. The Company’s website at www.greengrotech.com offers regular updates including educational videos, projects
updates, recipes and nutritional information, and where to find the Company’s products.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements,
which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public
statements concerning its expected future operations, performance and other developments. Such forward-looking statements are
necessarily estimates reflecting the company’s best judgment based upon current information and involve several risks and
uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It
is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by
the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse
publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public
announcements.
Investor/Media Contact:
Bill Miller
Investor Relations Partners
bmiller@irpartnersinc.com
www.irpartnersinc.com
Phone: 844-565-5665