Why Green Globe International (GGII) Stock Soared Back Last Friday?

Investors who might be looking into the major gainers on Friday could do well to take a look at the Green Globe International Inc (OTCMKTS:GGII) stock. Yesterday, the company announced that it licensed the exclusive rights to spray terpenes that are to be sprayed on the machine rolled hemp cigarettes from Open Book Extracts.

Why Green Globe International (GGII) Stock Soared Back Last Friday?

The exclusive rights are restricted for Mexico, the United States and Canada. Terpenes are well known for providing smokers with a consistent experience and could help in enhancing the quality of Green Globe’s hemp cigarettes considerably.

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The announcement proved to be a major boost for the company’s stock as well and it soared by as much as 41% as investors piled on to it in a big way. In addition to that, it is also necessary to nte that there different varieties of terpenes that might also have therapeutic uses. It is not going to be interesting to see if the Green Globe stock can extend its gains.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.