Many investors, entrepreneurs, and owners of existing businesses are finding it more and more difficult to ignore the opportunity being presented by the new and burgeoning cannabis industry. It seems that there’s no stopping the cannabis legalization trend sweeping across the Western hemisphere and Australia. The emerging cannabis sector is teeming with opportunity for entry into a growing industry that is in its infancy. The management team at GREEN ENERGY ENTER COM USD0.01 (OTCMKTS: GYOG) also sees the potential in the cannabis industry.GREEN ENERGY ENTER COM USD0.01 was initially established as an aviation company and currently operates a FAA Part 61 flight school, FAA Part 91 flight operation, Computer Assisted Testing Service (CATS) and Comira testing facility in Jacksonville, with plans to have its FAA Part 141 flight agency moved to Jacksonville to provide flight training to veterans and foreign students. Revenues have more than doubled in GYOG’s two aviation subsidiaries since 2014.Green Energy Enterprises, Inc. is also actively pursuing strategic partnerships and acquisitions within the marijuana industry. Green Energy Enterprises, Inc. owns Grow Your Own Greenz, Inc., a hydroponic grow store in Colorado and is an ancillary service provider to the legal medical marijuana industry and organic agriculture industry. The Company sells everything needed to facilitate a one-stop shop for full hydroponic grow systems, equipment, supplies and nutrients. The Company offers trimmer rentals, installation and delivery, and beginner grower deals are available for the first time grower. Green Energy intends to be at the forefront of this newly developing and growing industry throughout the nation.On Feb 2, 2017, Green Energy Enterprises, Inc announce that it secured a lease to launch their new flagship GROW YOUR OWN GREENZ store in Florida to capitalize on the now burgeoning marijuana sector in the State of Florida. Recently passed legislation in the State of Florida has created tremendous opportunity for companies in the marijuana space. GYOG's CEO Donnell J. Vigil states the following:
"We are thrilled to be able to launch our new GROW YOUR OWN GREENZ store which will now serve as The Company's flagship store. It is with great pride that we are securing our new flagship GROW YOUR OWN GREENZ store and we will keep our shareholders informed on the exact date of the upcoming grand opening once our new store has been fully stocked.”
On the financial front, on May 23, 2017 Green Energy Enterprises, Inc confirmed that all necessary fees and paperwork have been completed and approved to reduce its authorized common shares from 9 Billion, Five Hundred Million (9,500,000,000) to One Billion, Five Hundred Million (1,500,000,000). The Company expects OTCMarkets.com to reflect the 1.5B a/s number shortly after the transfer agent updates their system to the new number.
GYOG stock has been on an upswing for the last couple of weeks. On May 16, 2017 the stock closed at $.0003. It has since closed up on eight of nine trading days to $.0026 where it is trading now. The stock has exhibited similar price spikes on four occasions since early August of 2016, only to fully retrace the move and give back all the gains made. Each time, the share price returns to a support level of about $.0004. The stock has been trading with higher than average volume since the beginning of 2017. Information on the company is a bit difficult to find, but the most recently reported financial statements do indicate consistent revenue. However, a net loss is reported for 2016. Current market capitalization is reported at $2.64 million, and outstanding shares are reported as 1.02 billion as of May 26, 2017. Green Energy Enterprises’ foray into the cannabis sector as a secondary business activity presents an opportunity with very little downside, with a great upside potential. For starters, entering the cannabis industry is not extremely cost prohibitive. Secondly, a demand for cannabis products already exists, and will see growth for the foreseeable future. Third, the market is not yet saturated with cannabis related businesses. And for Green Energy Enterprises, this will start off as an ancillary business that it will not have to rely on for sustainability. The aviation part of the business can carry the load until such time that the cannabis business becomes profitable. We will be updating our subscribers as soon as we know more. For the latest updates on GYOG, sign up below!Disclosure: We have no position in GYOG and have not been compensated for this article.