Shares of Global Green Solutions (OTCMKTS:GGRN) closed lower on Tuesday after the recent jump. The stock has gained over 80% in the past week.
Market Reaction
On Tuesday, GGRN stock ended lower by 17.50% to $0.0900 with more than 39.50K shares, compared to its average volume of 33.89k shares. The stock has moved within a range of $0.0550 – 0.1090 after opening trade at $1.09.
Global Green Solutions, Inc. (GGRN) Achieves Pink Status
Diversified cannabis holding company, Global Green Solutions (OTCMKTS:GGRN) on November 23, 2021 announced that by the November 17, it had achieved Pink Current status on OTC Markets.
The firm had devoted more than year working with OTC Markets Group by giving necessary information for in-depth review of GGRN’s disclosures.
The team, led by CEO, Ryan Messer, has worked diligently to make a comprehensive strategy and identify a number of acquisition opportunities for the firm.
Ryan Messer was appointed CEO for leading the firm to develop scalable infrastructure to increase profitability of the company within the cannabis sector. Having experience of over 25 years, Messer has also spent 10 years as COO and Executive Director of a publicly traded company in the energy sector.
Messer was transferred the Special 2019 Series A Preferred Stock from AKBB Holdings, LLC to R-Squared Management, LLC. Ryan Messer said that he is glad on witnessing growth as a Pink Current company.
The CEO further said that the firm will be working to have shell status removed in the coming week and also shared more details on its upcoming asset acquisitions. Lastly, he thanked the team for the exceptional efforts in the two-year process for bringing GGRN Pink Current and also confirmed that no reverse split is planned.
Key Quote
Mr. Ryan Messer, CEO, states, “We are pleased to finally move forward with Global Green Solutions, Inc. as a Pink Current company. In the coming weeks, we will be working to have the shell status removed and add more detail regarding our upcoming asset acquisitions. I also want to thank our team for their exemplary efforts in the two-year process to bring GGRN Pink Current. Last, but not least, I want to reiterate to our shareholders that no reverse split is planned.”
