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Cannabis Stock Laggard: Grow Condos Inc (OTCQB:GRWC) Sheds 5.83% at Midday on December 30

Grow Condos Inc (OTCQB:GRWC) had a tough morning trading session on December 30, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 5.83%. After closing the previous session at $1.2, shares of GRWC opened this morning at 1.2 and are trading at $1.13 at the lunch break. So far, about 51,702 shares have changed hands, compared to an average 30-day volume of 57,085 for Grow Condos Inc. Shares moved as high at $1.22 and as low as $1.13 in AM trading action.

The share depreciation gives the company a market capitalization of $35.27 million based upon 29.39 million shares outstanding.

In the past 52 weeks, shares of Grow Condos Inc have traded as low as $0.21 and as high as $2.55. Technical traders will take note that at $1.13, shares of GRWC are trading above their 50-day moving average (MA) at $1.119 and below their 200-day MA at $1.143. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.

Who is GRWC?

Grow Condos Inc is a real estate purchaser, developer and manager of specific use industrial properties providing Condo style facilities to support Cannabis Farmers. The company is led by its CEO Jeff W. Holmes from its headquarters in Eagle Point, OR.

For more information on GRWC and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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