Green Globe International Inc (OTCMKTS:GGII) Reverse brew as Hempaco heats up on the Nasdaq

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Green Globe International Inc (OTCMKTS:GGII) is starting to head north from its base of $0.004 and appears to be back below the accumulation after hitting $0.0199 on Monday morning. It comes as majority-owned Hempaco went public on the Nasdaq by raising $6 million by selling 1 million shares at $6. After a wild day of trading on Wednesday, the HPCO bulls stepped in on Thursday, pushing the stock to a close of $8.35 on 50 million shares traded. At the current price based on 23,010,124 shares outstanding, HPCO is trading at a market valuation of $192 million; 79.9% of HPCO’s common stock is held by GGII, bringing the company’s stake in HPCO to $153 million. GGII has a history of big moves that skyrocketed to over $0.16 per share in the summer of 2021.

Green Globe has entered into a lock-up agreement with Hempacco under which the Company will not sell any of its shares for a period of one year. Hempacco is a vertically integrated hemp manufacturing company in San Diego, CA, operating out of a 53,000 square foot state-of-the-art manufacturing facility. Hempaco is focused on Disrupting Tobacco™ by manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. Hempacco uses proprietary, patented terpene infusion spray technology and patent-pending flavor filter infusion technology to make smokable hemp and herbal alternatives.

Green Globe International Inc. (OTCMKTS: GGII) is a rapidly growing consumer goods incubator and holding company of intellectual property, products and companies that improve people’s lives by helping them feel better inside and out. Green Globe (GGII) owns or has interests in several brands and companies, including; Green Star Labs, Inc., changing the way people feel inside and out with nutritional supplements, CBD and beauty products, and a maker of hemp CBD cigarettes and rolling papers hemp Co. Inc., Disrupting Tobacco’s™, the $1 trillion tobacco industry, together with its subsidiaries and joint ventures, including HempBox Vending, Inc. sales and advertising company, Cali Vibes, Inc. Cannabinoid cigarettes, HempHop Smokables, Inc., in partnership with music producer and rapper Rick Ross, Cheech and Chong Smokables, Inc. offers Hemp CBD cannabinoid cigarettes to consumers with Cheech and Chong as partners. The Real Stuff Smokables, Inc. Gqueen Globe is publicly traded under the symbol GGII and continues to seek out the best companies, products and patents to create fast-moving consumer goods and the channels to sell them, including retail automation and advertising platforms.

GGII owns or has interests in several brands and companies, including: Green Star Laboratories, Inc., changing the way people feel inside and out with nutritional supplements, CBD and beauty products, and a maker of CBD hemp cigarettes and rolling papers Hempacco Co. Inc., Disrupting Tobacco’s™ $1 trillion tobacco industry, along with its subsidiaries and joint ventures, including HempBox Vending, Inc. distribution and advertising company, Cali Vibes, Inc. Cannabinoid Cigarettes, HempHop Smokables, Inc., in partnership with music producer and rapper Rick Ross, Cheech and Chong Smokables, Inc. provides Hemp CBD cannabinoid cigarettes to consumers with Cheech and Chong as partners. The Real Stuff Smokables, Inc.

hemp is a vertically integrated hemp manufacturing company in San Diego, CA, operating out of a 53,000 square foot state-of-the-art manufacturing facility. Hempaco has conducted research and development in the area of ​​smoking products and is engaged in the manufacture and sale of hemp and herbal smoking products, including The Real Stuff™ Hemp Smokables. The Company’s operating segments include the manufacture and sale of private label brands, the licensing of intellectual property, as well as the development and sale of in-house brands using patented counter displays. Hempaco’s private label brands are currently sold at over 200 outlets located in the San Diego, CA area. The company’s private label customers include well-known and established companies in the cannabis and tobacco alternatives industries, and we currently own approximately 600 kiosk vending machines that the company plans to refurbish and use for distribute its products more widely under its HempBox Vending brand.

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Microcapdaily first covered GGII on April 26, 2021, when the stock was in the $0.02 range stating at the time: “Green Globe International Inc (OTCMKTS:GGII) is heating up in recent trading with large 6 and 7 digit buys ahead and Monday’s volume topping $20 million in volume on 1.2 billion shares traded.GGII has emerged as an investor favorite in recent months and is currently among the most sought after and discussed small cap stocks.Currently under heavy accumulation, GGII is looking to build its way as Enzolytics or Tesoro and stepping into a whole new dimension – Tesoro went multi-dollar – a break over $0.026 and blue skies ahead.

On August 15, GGII congratulated Hempacco Co., Inc., its majority-owned subsidiary that focuses on Disrupting Tobacco’s™, a nearly $1 trillion industry with hemp cigarettes, smoking papers and other nicotine tobacco alternatives, on its successful first day of trading on The Nasdaq Capital Market. Hempacco common stock began trading today, August 30, 2022, under the symbol “HPCO”, and closed normal trading on August 30, 2022, at $7.78 with a high of $41.80 and a minimum of $6.00 on a volume of 4,522,082 shares. Green Globe is Hempaco’s largest shareholder and owns 18,395,532 common shares of Hempaco.

Green Globe has entered into a lock-up agreement with Hempacco and Boustead Securities LLC, the underwriter of Hempacco’s initial public offering of 1,000,000 common shares at $6.00 per share, pursuant to which Green Globe will only offer, will not issue, sell, agree to sell, encumber, grant an option for the sale of, or otherwise dispose of, any of our securities for a period of 365 days from the date on which trading in the Hempacco common stock on the Nasdaq begins subject to customary estate planning exclusions.

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Currently trade at a market valuation of $211 million GGII is heading north from its base of $0.004 and appears to be back under accumulation after hitting $0.0199 on Monday morning. It comes as majority-owned Hempaco went public on the Nasdaq by raising $6 million by selling 1 million shares at $6. After a wild day of trading on Wednesday, the HPCO bulls stepped in on Thursday, pushing the stock to a close of $8.35 on 50 million shares traded. At the current price based on 23,010,124 shares outstanding, HPCO is trading at a market valuation of $192 million; 79.9% of HPCO’s common stock is held by GGII, bringing the company’s stake in HPCO to $153 million. GGII has a history of big moves that skyrocketed to over $0.16 per share in the summer of 2021. We’ll update GGII when more details emerge, so make sure you’re subscribed to Microcapdaily so you know what’s going on with GGII.

Disclosure: We do not hold any position in GGII, long or short, and we have not been compensated for this article.

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