Breakout Stocks   Corona Virus Stocks  

One of the stocks that ought to be studied a bit closely by investors today is that of GRN Holding Corp (OTCMKTS:GRNF). This past Friday, the GRN stock soared by as much as 36% after the company made a major announcement.

Key LOI With Microcap Advisors

The company announced that it has inked a binding letter of intent with regards to the acquisition of Microcap Advisors LLC. In this regard, it is necessary to point out that the due diligence about the deal had been completed earlier on in 2020 and the letter of intent will help the company in finalizing the terms of the definitive agreement between the two entities.

Considering the buzz in the stock, it is perhaps necessary to take a closer look at CRN and also the acquisition that it has made. GRN is a publicly-traded company that is based out of Nevada. On the other hand, Microcap Advisors is a professional services company based out of Los Angeles that helps companies with a range of services starting from the capital structure, reverse mergers, IPOs, and mezzanine finance among others.

$FHBC – The chairman of Fernhill Beverage lets us know why they entered a high-potential market

It is a major acquisition for CRN considering the fact that Microcap has been involved in the investment banking division for more than a quarter of a century. It has worked in both public and private deals for a wide range of clients during that period.

In this regard, it is also necessary to point out that Microcap has some highly ambitious plans in place that could explain the rally in the CRN stock on Friday. In order to get a piece of the fast-growing cannabis and hemp business in Europe, Microcap is also aiming to open up officers in Vienna, Austria, and Frankfurt, Germany.

$BRZL – Exclusive interview with Scepter Holdings Inc. a great Marketing Company

The acquisition that is being made by CRN will include all the intellectual property, inventory, assets, and licenses owned by Microcap. Moreover, CRN is going to acquire 100% equity in the business. Considering the fact that Microcap has been doing impressive work for quite some time, this represents a high-value acquisition for CRN. Once the acquisition is completed, the company is going to be turned into a subsidiary of CRN Holding Corporation.

The gains made by the company have been impressive and it is likely that the stock is going to be in focus this week as well. It remains to be seen if the CRN stock can continue to record gains this week. However, that is not all. Back in June, CRN made another important announcement that must have come as a big positive for its investors as well. The company announced that its subsidiary Sunshine Hemp Inc has been given permission by the state of Florida, under the Pilot Project Hemp Seeds, to sell its hemp to a market consisting of 1200 applicants. 

Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision.