American Green Inc (OTCMKTS:ERBB) has slipped under a penny of significant volume as the entire sector slows down. ERBB has a history of big moves running from pennies to over $0.10 a share this time last year.
ERBB sector does have big things on the horizon; medical mj is a fast growing industry worth $2.34 billion in 2014 and according to Greenwave Advisors, if all 50 states legalize MJ and the federal government followed suit and made it legal, the combined sales for Medical and Recreational MJ would reach higher than 35Bln USD by 2020.
American Green Inc (OTCMKTS:ERBB) ZaZZZ vending machine is a unique automated vending solution designed specifically around American Green’s licensed proprietary patented technology. The machine is designed to make age-verified vending of cannabis products a reality, by providing a layer of authorization using the same systems as pharmacies for purchase regulation. It is designed to facilitate fully unattended purchases inside a dispensary or other regulated cannabis establishment.
The Company launched the ZaZZZ earlier this year in Colorado at a medical marijuana dispensary called Herbal Elements in Eagle Veil.
ERBB is the brainchild of CEO Stephan Shearin who also serves as ERBB COO. Mr. Shearin has over 15 years of Internet business experience and over 20 years of start-up experience. He graduated from Arizona State University with a Degree in sociology and previously owned an underwater video business on St Thomas and an online bank.
The shell that has been around for years and used to trade as Compliance Signage, Inc; they were incorporated in 1993 in Nevada and later traded as SunnComm, Inc.; SUNX and owned an encryption and copy-protection technology.
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American Green said that the recent explosion in revenues is not derived from any single segment, but largely come from the cultivation sector, something the company believes will provide consistent, increasing revenues for the long term.
Sean Chase, American Green’s director of sales said “Our cultivation sales have gone from a few hundred dollars in June to over $100,000 in November with 2 to 5 times November’s growth projected this month, I see no end in sight. We have a great product, an eager market, and a great team. The climbing results speak for themselves.”
Stephan Shearin commented “The larger opportunities presented by our growing product suite are the real focus for our shareholders. Overnight success can be elusive, but by building solid relationships within the industry, we can transform these relationships into profit dollars, and we’re doing just that. From our Jurassic Water to our Truth Lighting, OG Tea, and other emerging products, more serious growers are reaching out to American Green. We’re hearing from local growers all the way to the directors of agriculture representing foreign countries.’’
The news is welcome to shareholders who have been in limbo for months. Fast growing sales are exactly what ERBB needs as lack of capital and growing short term debt have resulted in significant dilution in the past.
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Clearly shareholders like what they are hearing from American Green and the stock is quickly moving up on massive volume and is currently one of the top traded stocks on the entire bb’s.
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Disclosure: we hold no position in ERBB either long or short and we have not been compensated for this article.