- The stock price of Grow Solutions Holdings Inc (OTCMKTS: GRSO) has increased by 40% as it went from $0.0005 to $0.0007 over the past week. This is why it happened.
Shares of Grow Solutions Holdings Inc (OTCMKTS: GRSO) have been trending as the stock price has increased 40%, going from $0.0005 to $0.0007 over the past week. The company has been developing AI that can automatically measure crop health, detect growth patterns, and adjust environmental settings in its AeroPod-based indoor vertical farms.
Shares of the company have been trending on penny stock blogs, social media accounts, chat rooms, etc. As a result, GRSO became one of the most actively traded companies this past week.
Grow Solutions also offers products and services to the regulated legal cannabis industry in the US and internationally. And its operations focus on the retail sale and distribution of indoor and outdoor garden supplies and grow equipment — which includes the legal growing of cannabis.
Broad Cannabis Stock Rally
There was a broader cannabis stock price rally this week due to the United Nations Commission voting to remove cannabis and cannabis resin from Schedule IV of the 1961 Single Convention of Narcotics Drugs. Other companies that saw their stock prices increase this week include Aurora Cannabis, Canopy Growth, Cronos Group, and Tilray. The U.S. House of Representatives also voted in favor the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, HR 3884 — which removes marijuana from the federal Controlled Substances Act.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.