Cannabis firm Green Growth Brands (CSE:GGB) (OTCQB:GGBXF) has been on a high streak lately as its stock climbed as much as 30% on the Canadian Securities Exchange since April 16. The sudden spike in the stock is due to the fact that Green Growth Brands has managed to launch a proprietary cannabis product, followed by other brand lines derived from the same proprietary product.
Green Growth Brands, which is based in Columbus, Ohio, is a full-service cannabis company that is involved in manufacturing a range of cannabis retail products and also in the marketing, packaging, and retailing that is involved in the process.
Stock Rise
Whenever a significant key product with an edge is introduced, then investor interest is bound to shoot up, and that is exactly what happened with Green Growth Brands recently. The shares in the company shot up significantly as more and more investors flocked to it following the introduction of the product.
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The company’s primary goal is to make sure that cannabis usage in the United States moves away from the standard ways in which it is consumed and becomes more of a lifestyle choice for millions of people. The company’s leadership believes that the proprietary product, known as CAMP, is key to the company’s vision and is also going to be the primary driver behind Green Growth Brands' line of products in the years to come.
Dispensary for CAMP
Green Growth Brands is pulling out all the stops in order to make sure that CAMP and cannabis products based on it are a success. The company has decided to establish dispensaries that will be involved in the retail of CAMP and related products.
Needless to say, Green Growth Brands' focus on its new product line is one of the big reasons why investors are jumping on GGBXF and GGB stock.
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