A surge of 23.53% was seen in the price of Green Globe Intl Inc [OTCPink: GGII] stock at its previous close. Green Globe stock recorded a volume of 201.05M, compared to its 30-day average volume of 221.79M. GGII stock value ranged from $0.0001 to $0.1679 over the last 52 weeks. A new initiative to license its technology has boosted GGII stock price.

What technology did GGII license?

In its Disrupt Tobacco mission to excel in $1 trillion industry, Green Global and its wholly owned subsidiary Hempacco Co are introducing alternatives to nicotine cigarettes that are derived from herbs and hemp. GGII manufactures and markets a wide variety of hemp-based consumer products, including CBD Hemp cigarettes, CBG, and Herb Smokables. In addition to owning and licensing intellectual property, GGII conducts extensive research and development and manufactures and sells smokable hemp products, including The Real Stuff Hemp Smokables.

As part of its new initiative, Green Globe announced it would partner with leading companies in the US, Canada, and Mexico to manufacture machine-made cannabis cigarettes.

• Over the past two years, GGII has worked diligently to develop technology for the processing, manufacturing, and marketing of herb and hemp smokable experiences that include texture, scent, and aroma.
• GGII has now announced its new technology initiative to adapt existing intellectual property to the cannabis industry by creating machine-made cannabis cigarettes, starting with existing patents.
• GGII will install and train partners who are already engaged in the Cannabis industry rather than harvesting or handling flower or raw materials.
• GGII is exploring the production of high-speed cannabis cigarettes.
• It was not easy for GGII to produce hemp cigarettes containing herbs, CBD, CBG, and other cannabinoids.
• In order to automate the process of producing millions of cigarettes per week, GGII developed the technology and machinery over two years to understand the blends, the process, and the machinery.
• The In the process of manufacturing, GGII developed a portfolio of intellectual property that is now being used to automate the cannabis cigarette production process.
• The new Cannabis Initiative prohibits GGII from processing or manufacturing cannabis cigarettes in its San Diego factory.
• GGII’s initiative involves partnering with other cannabis companies and setting up machine manufacturers in their facilities, training them, and licensing them patents.

What is GGII up to?

As part of GGII’s new Cannabis initiative, it is developing licensing fees, research, acquisition, and development. The Cannabis cigarette market leader Green Globe (GGII) will not sell directly to consumers, instead, GGII will team up with leading cannabis companies that were interested in manufacturing, marketing, and selling machine-made Cannabis cigarettes through GGII. In order to fulfill their mission of “Disrupting Tobacco”, GGII plans to develop products that combine hemp, marijuana, and herbs.