This post first appeared on Micro Cap Daily

Green Growth Brands Inc. (OTCQB: GGBXF) stock price has seen a major boost in the past several weeks. The company had seen the price of its stock go up and down multiple times in 2019. The first growth came in the early days of January, and it lasted for two weeks, taking the firm’s stock value up to $5. What followed was a sharp drop down to $3, which came in the last days of the month. Then, in February, the price returned up, although it was stopped by a resistance level at $4.5.

In mid-February, the stock saw another drop, which took the price down to $3.5 by early March. Then, another mild growth arrived, taking the price up to $4. This one was short-lived, however, and the price dropped back down to $3.5 within days, which is where it spent several weeks. In early April, however, the price broke the support, and dropped further down, to $3. This was followed by yet another growth in mid-April, and this one took the GGBXF price to current levels — thus setting the price at $3.88 — right below the resistance at $4.

What you need to know about Green Growth Brands

Green Growth Brands is a lifestyle-oriented firm, with numerous consumer products dedicated to health, wellness, and happiness of customers. The company deals in cultivation, processing, and selling multiple products, including cannabis, tetrahydrocannabidol, cannabidiol, as well as multiple cannabis-infused products.

The company’s current goal is to work on expanding retail and wholesale cannabis business even further. Another aim is to do the same with the CBD consumer products business, by using the combination acquisition activity, mergers organic license capture, and, of course, strategic partnerships.

The idea is to establish a retail cannabis location through acquisitions or merging, or apply for a license itself, in various US states. The company plans to do this in months to come, with a focus on states that have legalized the medical and recreational use of cannabis on a state level.

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Green Growth progress in 2019

Green Growth, formerly known as Xanthic Biopharma, started gaining additional attention once it joined OTCQB back in December 2018. Not only that, but the 2018 Farm Bill influenced its policy shift in a major way.

In early January, the company partnered with DSW to start selling Seventh Sense CBD products. This was when its’ stock price started seeing massive growth. The company soon appointed a new CFO, Brian Logan, which was followed by an expansion into Arizona. In mid-February, the company also partnered with Simon Property Group, in order to start an entire chain of CBD shops. This was a massive move, as it would be the first chain of shops selling CBF products in the US.

The first shop in the chain was opened only days later, in Kentucky Mall. Meanwhile, the partnership with DSW led to the launch of the Seventh Sense eCommerce website. In the second half of February, Green Growth started opening additional CBD shops, this time in malls in Indiana and Tennessee. In mid-March, the company opened even more shops, in Castleton Square, Indianapolis, as well as in Oxmoor Center, Louisville.

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Soon enough, the first Seventh Sense CBD shop came to the Milwaukee market. The company’s expansion was and still is, extremely rapid. With all of that in mind, it is no surprise that the firm’s stock price skyrocketed several times and that it sees gains even now. It is an excellent investment opportunity for investors interested in a safe, profitable business. We will be updating on Green Growth when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Green Growth.

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Disclosure: we hold no position in Green Growth either long or short and we have not been compensated for this article.

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This post first appeared on Micro Cap Daily

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