GGBXF over the counter .... good gamble. better than LOTTOlooks like this little stock is waking up ./.
*caution : OTCBB
GGBXF trade ideas
$GGBXF Ripe for Some Repair Bounce ActionGGBXF is a deep value oversold play with RSI at desperation levels, and shares down well over 90% y/y. Any kind of shift in sector sentiment will likely create some snapback bounce action here.
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Green Growth Brands Inc (OTCMKTS:GGBXF)
Green Growth 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.
Falling Wedge Breakout - TA, FA, PA looking greatWhat a year from Green Growth Brands thus far: a deal with multiple mall operators (including SPG), and now a deal with Abercrombie & Fitch to bring their CBD products to 160 stores.
- From a fundamentals perspective, this brand is as disruptive and prominent as they initially appeared to be
In my opinion, price action has not caught up to how much this company has already accomplished. With the recent deal with Abercrombie, we can see a tremendous increase in volume in the past couple days (typically a precursor to price volatility). Additionally, we have successfully broken out of a pretty long falling wedge.
I have entered a long and will be taking some profits at the POC line (yellow dotted line), and will be leaving some capital in this ticker for a long time as well.
Personally, I see this ticker hitting double digits within a couple years.
Green Growth Brands is well worth a risky long trade.GREEN GROWTH BRANDS INC. (OTC) ($GGBXF)As a result of Peter Horvath, Green Growths CEO appearance on CNBC on Tuesday July 2nd, the volume and stock price had a incredible spike as he outlined the extent of their growth plans. Eight months ago the company had one shop. Now it has 60 and it's on track to have 240 in the next four months, Horvath explained.
The growth in the industry is incredible, and for Green Growth Brands, it wouldn't work without some help. The company has partnerships with Simon Property Group (SPG) and Brookfield Asset Management (BAM) . These two companies operate some of the best malls in the world, giving Green Growth Brands access to some of the best locations right away.
Abercrombie & Fitch (NYSE:ANF) and Green Growth Brands (OTCQB:GGBXF) plan to expand their partnership after testing Green Growth's Seventh Sense Botanical Therapy products in 10 A&F stores.
Abercrombie & Fitch will now carry the CBD products in more than 160 retail stores. The expansion includes Seventh Sense's CBD-infused body lotions, muscle balms, lip balms and sugar scrubs.
Source: Press Release
Break of 3.80 takes us to 4.20For those who don't know, GGBXF (Green Growth Brands) is a CBD-focused brand heavily emphasized on having a retail presence. In my opinion, the growth of this company is inevitable. And once more attention is brought towards the company, a double digit stock price seems highly plausible.
In terms of the chart, we are in an uptrend currently but are having trouble breaking the 3.80 region. Depending on the other cannabis stocks, if we can continue to grow collectively, we should see a break of 3.8 towards 4.20. I have placed my buys right above the 3.80 region and will collect profits at about 4.18.
