Earnings Analysis to Watch: Greengro Technologies Inc (GRNH), Grow Solutions Holdings Inc (GRSO), Earth Science Tech Inc (ETST)
Greengro Technologies Inc (OTCMKTS:GRNH) showing jumped of 2.66% and closed at $0.0617, after gaining total volume of 7.22 million shares. Its earnings per share (EPS) is -$0.01 and its beta value stands at -9.85 points and has total market capitalization of $19.49 million and a total of 336.44 million outstanding shares.
Greengro Technologies Inc (GRNH) on March 31, 2017 announced it has received a $600,000 down payment on a $7.4 million flagship three-acre turnkey off-grid PV-solar glass greenhouse from Fresh Local Produce of Ohio, an indoor hydroponic farming company based in Akron, Ohio. The companies expect to be breaking ground on the new facility in the third quarter of 2017.
Under the terms of the agreement, Fresh Local Produce of Ohio gains access to Greengro’s proprietary controlled environment agriculture (CEA) growing systems and techniques, and Greengro earns a five percent royalty on all gross produce (primarily lettuce) sales made by the greenhouse.
Fresh Local Produce of Ohio’s state-of-the-art facility is part of its newly acquired Greengro Glass House Franchise, which includes Greengro designing and building the greenhouse, installing hydroponic grow systems and equipment, training operational staff and assisting with growing, harvesting and selling crops. The CEA greenhouse is climate controlled by a positive pressure HVAC system, in a fully automated hydroponic irrigation system.
The Greengro Glass House Franchise is offered with a purchase order to acquire the entirety of each annual crop, primarily lettuce, harvested by a facility. Financing options are available through preferred lenders.
End user customers for Greengro’s franchise program include companies in the field of leafy green produce production and distribution, e.g., lettuce producers and processors. Greengro plans on generating a recurring revenue stream from several scheduled three-acre Greengro Glass Greenhouse Franchise locations across the U.S.
Grow Solutions Holdings Inc (OTCMKTS:GRSO) decreased -5.03% closed at $0.103 and traded with total volume of 926,324.00 shares, while the average trading remained 368,397.00 shares. During last trade its minimum price was $0.10 and it gained the highest price of $0.11. Its market capitalization was $4.79 million.
Grow Solutions Holdings, Inc. provides a range of products and services in the legal cannabis industry for growing, processing, and dispensing cannabis and cannabis related products in the United States. It is involved in the retail sale and distribution of indoor and outdoor garden supplies and grow equipment, including for the legal growing of cannabis. The company also provides consulting services, including design and construction services to approved and licensed legal cannabis operators, as well as assistance with licensure and related applications for potential legal cannabis operators. Grow Solutions Holdings, Inc. was founded in 2014 and is based in New York, New York.
Earth Science Tech Inc (OTCMKTS:ETST) reported the plunge of -5.03% and closed at $1.70, with the total traded volume of 23,019.00 shares. During last trade its minimum price was $1.67 and it gained its highest price of $1.79 and has a total of 40.91 million outstanding shares.
On March 14, 2017 Earth Science Tech, Inc. (ETST), an innovative biotech company focused on cannabis (industrial hemp), cannabinoid research and development, nutraceuticals, pharmaceuticals, and medical devices is proud to announce its subsidiaries Cannabis Therapeutic, Inc. and Earth Science Pharmaceutical, Inc. the nomination of Kim Foster-Cunningham to the post of Project Manager for the MSN-2 medical device project; and Denis Babin of SDB Import/Export, Inc. as international marketing consultant for Cannabis Therapeutics and Earth Science Pharmaceutical products.
Ms. Foster-Cunningham’s immediate focus is preparatory phase of the pre-market clinical trial of the MSN-2 medical device. The MSN-2 device is a revolutionary medical instrument for the detection and diagnosis of Chlamydia and Gonorrhea, from previous announcement, (ETST Announces 60-Patient Clinical Prelaunch Study for its MSN-2 Medical Device for the Diagnosis of Chlamydia & Gonorrhea, ETST Elects Dr. Michel Aubé as New CEO & CSO, and Nickolas Tabraue as President.)
Ms. Foster-Cunningham, whom holds a degree in sales and marketing, is recognized for her expertise in business networking and her solid business expertise. She is a sought-after speaker throughout the USA and Canada, delivering conferences on her proactive approach to general health and self-care. Passionate about individual sports, she is a half marathon runner and a triathlete. Always enthusiastic about transmitting her passion for health and business development, this project is “her new baby”.
“I love my work, especially when it allows me to bring my passion for health and business development together, and to bring them to other people,’ says Foster-Cunningham. “This project is my new baby, and I’m excited about the prospects of helping it grow to maturity.”