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With US Housing Data Suggesting Robust Growth, Are Any Of These Penny Stocks On Your List? Enviro-Serv Inc (OTCMKTS: EVSV), Holiday Island Holdings, Inc. (OTCMKTS: HIHI), CannaGrow Holdings (OTCMKTS: CGRW)

U.S. housing starts jumped to their highest level in nearly 7.5 years in April and building permits soared, which hopefully signals for an economy that is struggling to regain solid momentum after a rough first quarter. As rising tides typically lift all ships, related stocks in the market have also see their fair share of price increase. Companies that handle anything from pest control like that of Enviro-Serv Inc (OTCMKTS: EVSV) to traditional real estate development similar to that of Holiday Island Holdings, Inc. (OTCMKTS: HIHI) and everything in between including the burgeoning cannabis industry via organizations like CannaGrow Holdings (OTCMKTS: CGRW), which focuses on providing “turnkey” solutions to licensed growers through overseeing facility development.

Recently, Enviro-Serv (EVSV) signed a franchise agreement with Pestmaster Services, a national Franchisor with 30 locations and a dominant player in the Governmental contracts sector for pest control to control the Tampa Bay Pest market. Chris Trina, CEO of Enviro-Serv stated he has aggressive plans to bid on some of the largest Government pest control contracts in the country. This added business model according to the CEO, could result in an increase in consistent revenue. In a follow up shareholder update released earlier this week, the Company also stated that it expects this to be the busiest year in company history. Mr Trina added that the Company just posted a record April and are on pace for a record May.

Since the beginning of May, shares of EVSV have increased from levels hovering between .0001-.0002 to highs earlier this week of $0.0015

Holiday Island Holdings, Inc. (HIHI) is an emerging small cap company transitioning to a real estate development, management, and marketing firm. Most recently Holiday Island has been diligently working on its share structure via returning shares to its treasury. In a recent press release, the company stated that it has executed and agreement with two major shareholders to purchase 280,000,000 shares and return them to the Company’s treasury. According to the Company, the balance of 150,000,000,000 shares are in the process of being returned to the transfer agent. Over the last few days, volume has begun to pick up for Holiday Island. On Wednesday, prices jumped from an opening price of $0.0015 to highs of $0.003 on Thursday.

CannaGrow Holdings (CGRW) announced Thursday that the Company announced LUA approval and issuance of CUP for its Colorado Buffalo Ranch Filing No. 5-Lot 61 Project. CannaGrow CEO Delmar Janovec states, “Now that the CUP has been issued, it is time to start with the Bennett Road improvements, the site grading, and preparation work for the building foundations. The time-line to finish the preparatory work should coincide with the approval of the Supplemental Substitute Water Supply Plan (SSWSP) now under review by the State. Once Bennett Road improvements are completed and the SSWSP is in hand, NuGro can then submit the shop drawings for the Nexus Greenhouse and the Olympia Steel Building structures for the issuance of the Building Permits for Phase I & II.”

Over the last few months, shares of CannaGrow have seen prices rise to highs of $1.05 and after sinking to lows in March of $0.20, shares of CGRW have seen a rebound of as much as fifty four cents following highs of $0.7445 in April.

 

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