The share price of Green Globe International, Inc (OTCPink: GGII) closed Tuesday’s trading session at $0.0895, up 53.78 percent versus the previous day’s close of $0.0582. During the last month, shares of Green Globe Stock soared by over 3480.00%; the volume for the month averaged over 501.71M shares. The GGII stock rose despite the absence of current news, so it is possible to gain insight from recent developments regarding GGII.
What happened at GGII recently?
Green Globe offers CBD-infused products to companies that offer consumer goods. GGII is a direct conduit between industrial hemp growers and processors and consumer product manufacturers for CBD oils. Furthermore, GGII provides fulfillment services, including specialized storage and shipping, to CBD-based products developers, such as edibles and topical presentations.
According to the latest disclosure by Green Globe, the control of GGII was transferred to The Hempacco Co., Inc. in March 2021, due to a private sale of 100 Series A Preferred Shares of GGII.
- New directors for GGII were chosen, led by Hempacco executive Sandro Piancone.
- In addition, GGII applied at OTC Markets Group, Inc. for access to its information and disclosure system so that it could fill in missing reports and add more details about the new ownership group.
- About three to four weeks are needed to complete the process.
- Using plant-based products – natural smokables such as herb cigarettes, CBD, CBG, and hemp cigarettes – Hempacco is disrupting the tobacco industry.
What can we expect next from GGII?
Green Globe (GGII) expects to pursue a merger or combination transaction with Hempacco as soon as it has met its OTC Markets filing obligations. But, GGII and Hempacco have yet to sign a definitive agreement, and no guarantee has been given that such an agreement will be signed nor that a combination will be enacted.