Marijuana Sector Update – March 24th, 2014

“GreenGro Technologies (GRNH) announced the private placement of $875,000 to fund pipeline growth including its Vertical Hydrogarden stores and a greenhouse project. Shares of the small $68 million firm were down marginally by 1.7% over the week.  GrowLife Inc (PHOT) and Vape Holdings (VAPE) announced a joint venture to fund research and development of technology for pharmaceutical grade extractions. Vape Holdings is expected to provide process technology and concentrate formulas while GrowLife will supply equipment manufacturing. The two companies have yet to negotiate the terms of the agreement, expected to be executed on or before April 20, 2014.”

http://www.thedailybell.com/market-commentary/35146/Marijuana-Sector-Update–March-24th-2014/

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