Green Global International Inc. (OTCMKTS:GGII) Stock falls After Recent Consolidation
Green Global International Inc. (OTCMKTS:GGII) fell 10% after announcing that Green Star Labs Inc., its 50% owned entity, is creating and producing its nutraceuticals, cannabinoid and beauty products line for smoke shops and convenience stores.
Market Stats
On Friday, GGII stock fell 9.09% to $0.0030 with more than 44.23 million shares, compared to its average volume of 13.13 million shares. The stock moved within a range of $0.0022 – 0.0037 after opening trading at $0.0037.
Green Globe International, Inc. (OTC Pink: GGII) Launches New Line of the Real Stuff CBD, Nutraceuticals, and Beauty Care Products Debuting at the ASD Show in Las Vegas1
The Real Stuff product line, which includes CBD roll-ons, CBD oils, CBD tinctures, CBD gummies, CBD creams, and CBD capsules, will launch at the ASD Market Week show in Las Vegas in February.
The Real Stuff product line includes a new nutraceuticals line for convenience stores, impulse purchase products beginning at $9.99, small pocket-sized roll-ons, counter displays sitting next to the cash register and regular-sized tinctures for recurring customers. In addition, GGII CMO Jorge Olson stated that they can now operate from concept through finished cannabinoid or nutraceutical products within the same facility. He added that they are working on additional white label collaboration and creating more of the company’s brands. Therefore, in the coming weeks, investors should keep an eye on GGII.
Key Quote
“We are thrilled to be launching the new line of Real Stuff products at the ASD Show,” stated Sandro Piancone, CEO of GGII. “There could not be a better expo to showcase these products at,” concluded Mr. Sandro Piancone.
Traders Corner
GGII stock is trading below the 20-Day and 50-Day Moving averages of $0.0037 and $0.0039 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0137.
