Cannabis Industry Weekly Recap 7/21/2017

Greengro Technologies, Inc. (GRNH), announced it expects revenues for its second quarter ending June 30, 2017, to reach a record $830,000, or nearly eight times its revenue during the second quarter of last year. Greengro also reported that its pipeline of new contracts has grown to nearly $50 million as of the end of the second quarter, with recurring revenues expected to generate between $2 million – 5 million in produce sales annually. The shares have slipped from a 52-week high of 16 cents down to 4 cents and popped at least a penny on the news.