Greengro Technologies Inc
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Company profile

GreenGro Technologies, Inc. (GreenGro) provides green technologies focusing on indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. The Company provides manufacturing and sale of vertical cultivation systems and facilities design. Its operating divisions include GRNH, Vertical Hydrogarden, Inc. (VHI) and BP Gardens. GRNH provides design and consulting services to all agricultural divisions, including legalized Cannabis operations. It provides knowledge on designs and systems to maximize production for every crop cycle. VHI is a supplier of green agriculture products, including hydroponics, advanced nutrients, and vertical cultivation technology systems design and sales. VHI also offers leasing and finance solutions, operational and maintenance consulting, and planning services. BP Gardens uses methods to protect crops from detrimental environmental elements while generating market ready leafy green produce year-round in any climate.

Closing Price
$0.0156
Day's Change
-0.0006 (-3.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.0195
Day's Low
0.0145
Volume
(Heavy Day)
Volume:
17,904,867

10-day average volume:
14,848,964
17,904,867

Cannabis stocks get a broad boost after veep-candidate Kamala Harris said Biden administration would decriminalize marijuana

11:27 am ET October 8, 2020 (MarketWatch)
Print

Tomi Kilgore

Aphria, Aurora Cannabis, Canopy Growth stocks see big gains

Shares of cannabis companies enjoyed a broad rally Thursday, amid growing hopes of federal decriminalization following comments from vice-presidential candidate Sen. Kamala Harris.

"[W]e will decriminalize marijuana, and we will expunge the records of those how have been convicted of marijuana," Harris said in the vice-presidential debate late Wednesday.

The Cannabis ETF (THCX) shot up 3.1% in morning trading. It has now run up 11% since closing at a four-month low two weeks ago.

Among some of the ETF's more active components, the U.S.-listed shares of Aphria Inc. (APHA.T) soared 9.5%, Aurora Cannabis Inc.(ACB.T) shot up 5.0%, Canopy Growth Corp. (WEED.T) climbed 6.4% and Tilray Inc. (TLRY) rallied 5.7%.

Shares of Corona beer brewer Constellation Brands Inc. (STZ) , which has made a large investment in Canopy Growth (https://www.marketwatch.com/story/canopy-growth-shares-fall-7-on-news-of-job-cuts-as-cannabis-sector-sells-off-2020-03-05), tacked on 0.5%.

The likelihood of former-Vice President Joe Biden winning the presidential election next month has increased recently, after the latest polls (https://www.realclearpolitics.com/epolls/2020/president/us/general_election_trump_vs_biden-6247.html) showed Biden widening his lead over President Trump.

Don't miss: President Trump loses big edge over Biden on the economy as election looms (https://www.marketwatch.com/story/president-trump-loses-big-edge-over-biden-on-the-economy-as-election-looms-2020-10-07).

Also read: Here's how Trump's positive coronavirus test has shaken up the campaign -- plus what could happen next (https://www.marketwatch.com/story/heres-how-trumps-positive-coronavirus-test-has-shaken-up-the-campaign-plus-what-could-happen-next-11601653037).

Elsewhere, shares of Cronos Group Inc. (CRON.T) rallied 4.9%, Curaleaf Holdings Inc. surged 9.0%, OrganiGram Holdings Inc. (OGI.T) hiked up 8.0% and Trulieve Cannabis Corp. advanced 3.6%.

The Cannabis ETF has tumbled 28.6% year to date, while the S&P 500 index has gained 6.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 08, 2020 11:27 ET (15:27 GMT)

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