American Green Inc (OTCMKTS:ERBB) made a huge run in the first months of this year when it ran from $0.001 to highs over $0.10 as the entire pot sector heated up. The stock crashed with the rest of the sector in March after the CANN halt took the wind out of the sails of an entire fledgling sector.
With Marijuana being legalized in Alaska, Oregon and Washington DC (already legal in Colorado and Washington) the sector is seeing another boost and many pot stocks are heating up.
ERBB is an old shell that has been around for a long times and undergone a number of name changes. They were originally incorporated in 1993 in Nevada as Compliance Signage, Inc. In the late 90’s and early 2000’s they were SunnComm, Inc; SUNX and owned an encryption and copy-protection technology known as the “Copy Protection System and Method”.
American Green Inc (OTCMKTS:ERBB) became the first publicly-traded medical marijuana dispensary brand in the world, back in 2009 and currently owned by over 50,000 certified shareholders. The Company is keenly focused on developing, retailing, branding, and establishing commercial cultivation solutions under its proprietary American Green name along with our partners and clients who are licensed retail medical marijuana dispensaries.
The Company believes that the renewal of the legalized cannabis industry in the United States will aid in getting our economy back on its feet through increased employment in all related sectors — retail, real estate, contracting, farming and more.
ERBB has begun rolling out products within two sectors of the burgeoning medical and adult-use cannabis business. the company has spent 18 months developing ZaZZZ – the first consumer-operated automated dispensary in the US.
American Green has also developed a proprietary product line and debit card called the ZaZZZ Card. The card has been designed to be used in the company’s automated dispensary machines.
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In 2013, Tranzbyte acquired OneBode Holdings – a nationally recognized organic supplement company. LA Laker basketball star and 2-time MVP, Steve Nash, is a major shareholder of the company. ERBB also houses the company’s 10-year-old technology division (the Tranzbyte Division) which is engaged in the sale of its optical media enhancement products to potential customers in the US and Asia.
Products in the Tranzbyte division include FLASHAlbum and FlixStix — technologies that enable distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive. Selected content for both FLASHAlbum and FlixStix are being developed for purchase in the company’s automated ZaZZZ automated dispensaries.
On November 10 ERBB announced that it was selected by Urban Hills, a Nevada company, to manage their recently approved 20,000 square-foot Nevada medical cannabis cultivation site. Urban Hills’ application was formally approved last Friday with the receipt of a certified letter from the State of Nevada allowing the company to cultivate medical cannabis under Nevada’s Medical Marijuana Program. Once fully implemented, the Urban Hills management arrangement represents at least $20,000 in monthly revenue to American Green.
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Conclusion: ERBB is trading just over support at $0.01; an established support level the stock has tested twice since its fall from the March highs. Not only is the $0.01 an important support level for ERBB it serves as the reversal point ERBB has moved off of several times; a break over $0.022 resistance and ERBB is wide open from here.
ERBB continues to be one of the top traded stocks on the entire OTCBB market. When pot stocks get hot ERBB explodes and that’s exactly what buyers at current levels are anticipating. With Marijuana now legal in a number of states the entire sector is getting a ton of publicity and it trickles down to the pennies.
Currently trading at a $50 million market valuation ERBB has made a habit of reversing off the $0.01 and bouncing upwards. ERBB is a stock to watch here.
Disclosure: we hold no position in ERBB either long or short and we have not been compensated for this article.