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Is GRN Holding Corporation (OTCMKTS:GRNF) A Good Pick?

Is GRN Holding Corporation (OTCMKTS:GRNF) A Good Pick?
Written by
Jim Bloom
Published on
February 24, 2020
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GRN Holding Corporation (OTCMKTS:GRNF) has been making big move in recent weeks. The stock has already returned about 30% year-to-date but still looks poised for a major breakout. The renewed investor interest in the stock comes on the back of a series of acquisitions that promise to dramatically transform the company’s fortunes.We’ll examine GRN Holding’s acquisitions in detail in a short while to see why the market is excited about them. GRNF Daily Chart

About GRN Holding Corporation (OTCMKTS:GRNF)

GRN Holding Corporation is an American company focused on building a business empire through merger and acquisition. It operates through subsidiaries in the hemp and cannabis sector.GRN Holding has not generated any profit before. But that is about to change as the company acquires businesses with strong operations and bright prospects. Here are some of GRN Holding’s recent moves that have revived investor interest in the stock.[embed]https://www.youtube.com/watch?v=xBK9-mrBnS0&feature=emb_title[/embed]

OTCMKTS:GRNF establishing foothold in $24 billion CBD market

OTCMKTS:GRNF is in the process of closing a series of acquisitions that will give it a foothold in the lucrative hemp and cannabis markets and put it on a path to deliver great shareholder value.The company is in the process of acquiring Soulshine CBD, a Washington-based maker and marketer of CBD products. Soulshine’s products include gel tabs, creams as well as CBD-based pet products. The deal involves GRN taking over Soulshine’s inventory, licenses and intellectual property. Soulshine serves the CBD wholesale market and currently has customers in five states but aims to expand across the United States.Additionally, GRN Holding is acquiring One Source CBD, a wholesaler of CBD isolate and distillate. One Source CBD is based in Washington and serves both domestic and international markets. It has shipped to over 100 international customers. The global CBD products market is on track to hit $24 billion by 2025.Moreover, GRN Holding is acquiring Sunshine Hemp, a Florida-based licensed hemp producer., Sunshine has also set its sights on the hemp seeds supply business, targeting customers in Florida and southern states. GRN Holding is also acquiring Magic Beans Hemp, a Washington-based licensed hemp producer and processor. Magic Beans cultivates craft hemp and its acquisition will give GRN a foothold in the smokable hemp flower market.

GRN Holding venturing into cannabis products delivery business

GRN Holding is acquiring Squad Drone, a Washington-based provider of delivery drone technology and services to the business-to-business market. The deal involves GRN taking over all Squad Drone assets and technology. The acquisition of Squad Drone sees GRN Holding enter the lucrative hemp and cannabis products delivery service market as more states and countries legalize cannabis and hemp products.

GRN entering cannabis payments and investment banking space

OTCMKTS:GRNF is acquiring card payments processor Pacific Merchant Processing (PMP). PMP is based in Washington and provides debit and credit card payment solutions to cannabis businesses. PMP currently has customers in seven states but plans to expand into the Midwest and Northeastern markets.In addition to PMP, GRN Holding is acquiring SMLY Inc., a provider of financial products and services to the cannabis sector. SMLY Inc. operates under 7 Point Financial and 9 Square Consulting brands. 7 Point Financial provides a range of financial products and services, including electronic payment services and payroll services. Through 9 Square Consulting, GRN provides point of sale systems to both business-to-business and business-to-consumer companies.Furthermore, GRN Holding is entering investment banking space. The company is acquiring Microcap Advisors, a California-based professional services and investment banking firm. Microcap Advisors helps clients in areas such as IPO planning, merger due diligence and capital structure. It has over 25 years of experience providing investment banking services. Microcap Advisors plans to expand into Germany and Austria this year.

GRN Holding strengthens its executive team

OTCMKTS:GRNF has tapped former Microsoft manager Alka Badshah as vice president of merger and acquisitions. "She [Badshah] brings a strong skillset and broad depth of experience that will be a major asset as we move forward in our acquisition strategy," commented Justin Costello, CEO of GRN Holding Corporation.At Microsoft, Badshah was group manager where she worked with design and development teams based both in the United States and overseas. Most recently, Badshah cofounded Masters Fund, a women-led venture startup.Another important addition to GRN Holding’s leadership team is Shawn Burns, who will serve as marketing manager. Burns boasts many years of experience in product branding and marketing. He runs a design studio based in Seattle and has worked for big corporations such as Apple, Google, Coca-Cola and Samsung. Burns will spearhead impactful branding and marketing efforts for GRN Holding’s businesses.

Bottom line

OTCMKTS:GRNF looks poised for a big explosion as more investors discover the company. At current levels, OTCMKTS:GRNF looks to be a discount entry opportunity.We will be updating our subscribers as soon as we know more. For the latest updates on OTCMKTS:GRNF, sign up below!Disclosure: We have no position in OTCMKTS:GRNF and have not been compensated for this article.

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