American Green Inc (OTCMKTS:ERBB) is starting to heat up big time as pot stocks once again take off skywards. The Company recent said that after several months of field testing and critical upgrades including the integration of the Tomassi Intellectual Property, the machines, being produced by VE Global Vending will begin shipping this month for use at the beginning of the New Year in the first twelve locations in five states, some of which are taking multiple machines. The prototype machines at Herbal Elements and Doctors Orders will also be replaced.
The Company also updated shareholders on the ZaZZZ vending machine which as been in limbo for months: ”For those of you keeping an eye on the ZaZZZ rollout, the machines are fabricated and undergoing rigorous qualitative assurance in a joint effort between American Green and VE Global, the first systems integration company to embrace the outward facing API.”
And goes on to say ”Our new ZaZZZ machine has been designed for the customer of the 21st Century and will include outstanding, high quality products that can only be purchased through ZaZZZ. In short, our machine will provide every one of our dispensary locations with a new, fresh source of income. ”
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. CEO of ERBB Stephan Shearin said at the time he expects to have ”1,000 operating ZaZZZ machines by Christmas” but this did not happen and shareholders have been waiting for the ZaZZZ since.
ERBB is the brainchild of CEO Stephen 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.”
Stephen 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.