{"id":4127,"date":"2014-03-17T14:12:14","date_gmt":"2014-03-17T14:12:14","guid":{"rendered":"\/?p=4127"},"modified":"2014-03-17T14:12:22","modified_gmt":"2014-03-17T14:12:22","slug":"greengro-technologies-inc-otcmktsgrnh-shifts-in-reverse","status":"publish","type":"post","link":"\/articles\/greengro-technologies-inc-otcmktsgrnh-shifts-in-reverse\/","title":{"rendered":"GreenGro Technologies, Inc. (OTCMKTS:GRNH) Shifts in Reverse"},"content":{"rendered":"

\"2GRNH_chart.png\"After gathering quite a bit of momentum over the last few market sessions, on Friday the share price of GreenGro Technologies, Inc. (OTCMKTS:GRNH<\/a>) opened with a gap down and stopped 13% down. Volume remained above the monthly average, even if it dropped to 8 million shares traded. <\/p>\n

The last big green move came last Thursday when GRNH<\/a> announced that the company had acquired a technology for a medical electronic vaporizer used for cannabidiol or CBD. The news sent the ticker 23% up, despite a small detail in the release – the technology acquired was ‘provisional-patent-pending’. We’re no experts on patent law but from what we gathered, a provisional patent application is practically a cheap, quick and easy way for companies to attach ‘patent pending’ to a technology.<\/p>\n

Unlike a regular application, the provisional one costs between $65 and $260, is not examined by the U.S. Patent and Trademark Office and does not require an information and disclosure statement. It’s effectively a cheap and easy way to establish an early filing date and gives its holder a 12-month period in which a regular application has to be filed.<\/p>\n

\"GRNH_logo.png\" <\/p>\n

GRNH<\/a> further announced that the company intends to launch a product line from the technology, expecting to ship it to retailers in April 2014. On Friday, either the excitement generated by the news cooled off or enough traders decided GRNH<\/a>‘s price had increased enough for them to sell. One way or another, the ticker dropped 13%. The previous green streaks for the ticker taking place over the first months of the new year were followed by sizable retraces. Time will tell if GRNH<\/a> will manage to put a halt to the slide or tumble further down.<\/p>\n

The ticker is currently trading 2% up in the early session.<\/p>\n

The pot sector biggest mover in Friday’s market was Growlife, Inc. (OTCBB:PHOT<\/a>). The company shuffled dollar volume of over $35 million and closed 7.8% up.<\/p>\n","protected":false},"excerpt":{"rendered":"

After gathering quite a bit of momentum over the last few market sessions, on Friday the share price of GreenGro Technologies, Inc. (OTCMKTS:GRNH) opened with a gap down and stopped 13% down. Volume remained...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[262,21],"class_list":["post-4127","post","type-post","status-publish","format-standard","hentry","category-news","tag-grnh","tag-phot"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4127"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4127\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}