The Green Globe Industries (OTCMKTS:GGII) stock has been in the news for quite some time and yesterday, its stock was on the move yet again. The hemp and herb cigarette making company saw its stock soar by as much as 80% yesterday although there was no news about the company.
However, it might be useful to remember that back on Friday last week the company had announced that Sandro Piancone, its Chief Executive Officer and Chairman, was going to be featured in the first episode of ‘Barely Legal’. The documentary seeks to provide a look into the cannabis industry and it seems that investors are excited about the publicity that the company is going to get owing to the appearance of its CEO.
However, that is not all. There have been some other recent developments as well which need to be kept in mind. Earlier on this month the company announced that it hired the services of Investor Relations Partners for the purpose of further expanding its public relations and investor relations initiatives.
As the company tries to disrupt the tobacco industry with its herb and hemp based cigarettes, it is going to need the services of good public relations firm and this could be a step in the right direction.
Market Reaction:
On Monday, GGII stock soared 80.22% to $0.0164 with more than 230.78 million shares, compared to its average volume of 230.65 million shares. The stock has moved within a range of $0.0085 – 0.0187 after opening the trade at $0.0098 Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.1679.
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