Rotten Tomato Stocks
No Result
View All Result
  • News
    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Are we about to sleepwalk into another market crash?

    Are we about to sleepwalk into another market crash?

    More Bad News For Oil As The API Reports A Large Crude Build

    More Bad News For Oil As The API Reports A Large Crude Build

    Cannabis Stock Obituaries: Invictus MD ($GENE) On The Brink Of Bankruptcy

    Cannabis Stock Obituaries: Invictus MD ($GENE) On The Brink Of Bankruptcy

  • NYSE
    Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

    Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

    How Does RH’s (NYSE:RH) P/E Compare To Its Industry, After The Share Price Drop?

    How Does RH’s (NYSE:RH) P/E Compare To Its Industry, After The Share Price Drop?

    Did You Manage To Avoid Two Harbors Investment’s (NYSE:TWO) Devastating 74% Share Price Drop?

    Did You Manage To Avoid Two Harbors Investment’s (NYSE:TWO) Devastating 74% Share Price Drop?

    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

  • NASDAQ
    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Why Is Yelp (YELP) Down 35.5% Since Last Earnings Report?

    Why Is Yelp (YELP) Down 35.5% Since Last Earnings Report?

    Imagine Owning United Natural Foods (NYSE:UNFI) And Trying To Stomach The 93% Share Price Drop

    Imagine Owning United Natural Foods (NYSE:UNFI) And Trying To Stomach The 93% Share Price Drop

    Why Plug Power Stock Dropped 10% This Morning

    Why Plug Power Stock Dropped 10% This Morning

  • OTC
    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    SoftBank-backed Ola seeks financial relief during lockdown

    SoftBank-backed Ola seeks financial relief during lockdown

    Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC

    Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC

    Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine

    Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine

  • TSX
    The TSX Stock Market Is Closer to the Bottom Than You Think

    The TSX Stock Market Is Closer to the Bottom Than You Think

    Sims Metal Management (OTCMKTS:SMSMY) Reaches New 1-Year Low at $5.00

    TSX falls 4.6% to 14,270.09

    Laramide Resources (TSE:LAM) Shares Cross Below 200 Day Moving Average of $0.22

    Laramide Resources (TSE:LAM) Shares Cross Below 200 Day Moving Average of $0.22

    CANADA STOCKS – TSX falls 1.34% to 16,553.99

    CANADA STOCKS – TSX falls 1.34% to 16,553.99

  • News
    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Kylie Jenner’s Nine-Figure Cosmetics Sell-Off Caused A Stock Crash

    Are we about to sleepwalk into another market crash?

    Are we about to sleepwalk into another market crash?

    More Bad News For Oil As The API Reports A Large Crude Build

    More Bad News For Oil As The API Reports A Large Crude Build

    Cannabis Stock Obituaries: Invictus MD ($GENE) On The Brink Of Bankruptcy

    Cannabis Stock Obituaries: Invictus MD ($GENE) On The Brink Of Bankruptcy

  • NYSE
    Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

    Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

    How Does RH’s (NYSE:RH) P/E Compare To Its Industry, After The Share Price Drop?

    How Does RH’s (NYSE:RH) P/E Compare To Its Industry, After The Share Price Drop?

    Did You Manage To Avoid Two Harbors Investment’s (NYSE:TWO) Devastating 74% Share Price Drop?

    Did You Manage To Avoid Two Harbors Investment’s (NYSE:TWO) Devastating 74% Share Price Drop?

    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

    How Does Albemarle’s (NYSE:ALB) P/E Compare To Its Industry, After The Share Price Drop?

  • NASDAQ
    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Should You Be Concerned With Corning Incorporated’s (NYSE:GLW) -11% Earnings Drop?

    Why Is Yelp (YELP) Down 35.5% Since Last Earnings Report?

    Why Is Yelp (YELP) Down 35.5% Since Last Earnings Report?

    Imagine Owning United Natural Foods (NYSE:UNFI) And Trying To Stomach The 93% Share Price Drop

    Imagine Owning United Natural Foods (NYSE:UNFI) And Trying To Stomach The 93% Share Price Drop

    Why Plug Power Stock Dropped 10% This Morning

    Why Plug Power Stock Dropped 10% This Morning

  • OTC
    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

    SoftBank-backed Ola seeks financial relief during lockdown

    SoftBank-backed Ola seeks financial relief during lockdown

    Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC

    Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC

    Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine

    Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine

  • TSX
    The TSX Stock Market Is Closer to the Bottom Than You Think

    The TSX Stock Market Is Closer to the Bottom Than You Think

    Sims Metal Management (OTCMKTS:SMSMY) Reaches New 1-Year Low at $5.00

    TSX falls 4.6% to 14,270.09

    Laramide Resources (TSE:LAM) Shares Cross Below 200 Day Moving Average of $0.22

    Laramide Resources (TSE:LAM) Shares Cross Below 200 Day Moving Average of $0.22

    CANADA STOCKS – TSX falls 1.34% to 16,553.99

    CANADA STOCKS – TSX falls 1.34% to 16,553.99

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

Green Growth Brands Inc (OTCMKTS:GGBXF) Could Signal Cannabis Lows?

avatar by Editor
January 7, 2020
0
Green Growth Brands Inc (OTCMKTS:GGBXF) Could Signal Cannabis Lows?

In an interesting move that offers some insight into the state of the cannabis commodity cycle, Green Growth Brands Inc (OTCMKTS:GGBXF) just announced the termination of its proposed business combination with MXY Holdings LLC as the market adjusts to the changing macro environment. The move suggests concerns about the balance sheet for GGB in the face of continued deterioration in the cannabis space.

According to the release, GGB is continuing with its aggressive growth strategy in both the MSO and CBD businesses. The MSO business now includes a 47 dispensary rollout in three key states, and the Company will continue its expansion in this line of business, opening its remaining 45 dispensaries with the same speed and energy it dedicated to its North American CBD network.

Green Growth Brands Inc (OTCMKTS:GGBXF) trumpets itself as a company that engages in the cultivation, processing, production, distribution, and retailing of cannabis and cannabis-infused products in the United States.

The company offers cannabis, tetrahydro cannabidol, cannabidiol, and cannabis-infused consumer products, as well as technology and consulting services for the cannabis industry. Xanthic Biopharma Inc. was founded in 1968 and is headquartered in Toronto, Canada.

The Company is a lifestyle oriented, consumer products company that celebrates health, wellness and happiness. We are in the business of cultivation, processing and retailing of cannabis, tetrahydrocannabidol, cannabidiol and cannabis-infused consumer products.

Over the next 12 months, the Company intends to expand its retail and wholesale cannabis businesses as well as its CBD consumer products business through a combination of strategic partnerships, merger and acquisition activity, and organic license capture. The Company’s objectives are to establish retail cannabis locations, or otherwise apply for such licenses, in various states within that timeframe, pursuant to state laws. Such activity will focus on those certain states where cannabis has been legalized for medical and/or recreational use at the state level.

According to company materials, “Green Growth brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands.”

As noted above, GGBXF just announced the termination of its proposed business combination with MXY Holdings LLC as the market adjusts to the changing macro environment.

Recent action has seen 11% piled on for shareholders of the company during the trailing week. In addition, the stock has seen a growing influx of trading interest, with the stock’s recent average trading volume running 44% over the long-run average.

“We are aggressively growing our businesses across America as we drive to become a leading cannabis retailer in the country,” said Peter Horvath, CEO of the Company. “While we continue to be open to collaborating with other industry leaders, we need to ensure we are focused on building our operational strengths, maximize our returns and, most importantly, avoiding excessive dilution to our shareholder base.”

Now commanding a market cap of $152.5M, GGBXF has a troubled balance sheet, with about $6.8M in cash on the books, which stands against about $129M in total current liabilities. The company has pulled in about $28M in total trailing 12-month revenues. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $GGBXF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Related Posts

Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%
OTC

Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

March 26, 2020
SoftBank-backed Ola seeks financial relief during lockdown
OTC

SoftBank-backed Ola seeks financial relief during lockdown

March 25, 2020
Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC
OTC

Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC

March 23, 2020
Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine
OTC

Telkom SA Ltd ADS (OTCMKTS:TLKGY) Downgraded to “Hold” at ValuEngine

March 22, 2020
Load More
Next Post
Cannabis stocks led lower by Aurora and Hexo

Cannabis stocks led lower by Aurora and Hexo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

10 Warning Signs That Should Tell You “This Stock is in Trouble”

10 Warning Signs That Should Tell You “This Stock is in Trouble”

November 11, 2019
How Does Spirit Airlines’s (NYSE:SAVE) P/E Compare To Its Industry, After The Share Price Drop?

How Does Spirit Airlines’s (NYSE:SAVE) P/E Compare To Its Industry, After The Share Price Drop?

February 28, 2020
Nektar, worst performing stock in S&P 500, gets booted from the index

Nektar, worst performing stock in S&P 500, gets booted from the index

November 12, 2019
Teradata Stock Is Getting Crushed on Soft Guidance and CEO Exit

Teradata Stock Is Getting Crushed on Soft Guidance and CEO Exit

November 11, 2019
Gap CEO Out As Losses Mount for Iconic Company and Brand

Gap CEO Out As Losses Mount for Iconic Company and Brand

November 11, 2019

EDITOR'S PICK

Your Favorite Home Cook Needs One of These Fun Gifts

August 7, 2019
Stock Alert: Twilio Shares Drop 3%

Stock Alert: Twilio Shares Drop 3%

February 6, 2020
Industrial & Cmrcl Bnk f China (OTCMKTS:IDCBY) Downgraded by ValuEngine

Industrial & Cmrcl Bnk f China (OTCMKTS:IDCBY) Downgraded by ValuEngine

March 7, 2020
Company Watch: JCPenney Another Retailer On Its Way Out

Company Watch: JCPenney Another Retailer On Its Way Out

November 13, 2019

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Market IQ Media Group, Inc. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Telenet Group (OTCMKTS:TLGHF) Stock Price Down 16%

Introducing Avangrid (NYSE:AGR), The Stock That Dropped 17% In The Last Year

SoftBank-backed Ola seeks financial relief during lockdown

POPULAR POSTS

How Does RH’s (NYSE:RH) P/E Compare To Its Industry, After The Share Price Drop?

Rentokil Initial (OTCMKTS:RTOKY) Downgraded to “Hold” at HSBC

Did You Manage To Avoid Two Harbors Investment’s (NYSE:TWO) Devastating 74% Share Price Drop?

© Copyright 2019 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2019 RottenTomatoStocks.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.