American Green Inc (OTCMKTS:ERBB) continues to drop farther below $0.01 after eclipsing that support level. The stock does still have a loyal shareholder base that are waiting for a reversal.
On May 5 ERBB said the first of five ZaZZZ machines currently slated for Kentucky made headlines at the state’s Industrial Hemp Pilot Program Update in Lexington.
Agriculture Commissioner James Comer of the Kentucky Department of Agriculture invited American Green marketing partner Chris Smith of Green Remedy to talk about the future of hemp in the Bluegrass State. Green Remedy, which is comprised of John Salsman, Mike Boone, Chad Wilson, as well as Chris Smith is currently located in Bardstown, KY. They ordered five ZaZZZ machines in February 2015, the first of which was delivered, wrapped and shown off to the public today.
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. Several days ago AG announced that zazzznetwork.com was online and displaying the first locations to have the age-verifying ZaZZZ product fulfillment machines fully online.
Currently the zazzznetwork.com shows ZaZZZ vending machine installed at Hempful Farms, Inc., in Phoenix, Arizona, AG HQ in Tempe, Arizona, Nature’s Kiss in EngleWood, Colorado, Kind Therapeutics in Colorado Springs, Colorado, Rocky Mountain Miracles in Colorado Springs, Colorado, Natural Herbal Pain Relief in San Jose, California, Pacific Coast in Seattle, Washington, Seattle Caregivers in Seattle, Washington and The Peoples ChampZ in Seattle, Washington.
Carl Kaiser, VP of the Verified Vending division said “As our ZaZZZ machine network expands to more locations, we plan to never stop incorporating new features and improvements. Catering to the early adopters, we left the product selection mostly to their discretion. As we progress, we’ll eventually direct the product selection so ZaZZZ Machines arrive with the images loaded and the inventory available and accounted for. Thus, the sixteen square feet in some random corner of the seller’s facility that currently is occupied by an unused chair and a poster on the wall instantly transforms into revenue-generating floor space for the business.”
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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.
On March 31 ERBB announced a Collaboration Agreement with Endexx to jointly develop the “Access Control Identification & Verification Vending Platform” aka “ACIDVP.” Each company designs and markets systems to address the issues related to the automated dispensing and inventory control of products requiring eligibility verification in compliance with applicable laws for the Marijuana Industry.
Together, they will co-develop and license an Integration and Connectivity Interface Platform to foster required industry standardization. The on-going collaboration also enables the companies to share business relationships leading directly to mutual revenue potential for both organizations.
The scope of the collaboration comprises the establishment of a unified compliance standard for inventory control and verified vending for general adoption by regulators and local jurisdictions in multiple legal markets.
The agreement also calls for collaboration on technology connectivity with the integration of American Green’s “Verify Pay” POS (Point of Sale) system with Endexx’s proprietary M3Hub inventory control, tracking, and process management system and for the joint development, marketing, distribution and licensing of the M3Hub universal interface connectivity platform for all third party “Seed-to-Sale,” POS systems and vending solutions.
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Currently trading at a $29 million market valuation ERBB has minimal assets, rising short term debt and small but growing revenues. The Company has a dream of a ZaZZZ vending machine installed at dispensaries all over the country. The stock also has a loyal shareholder base that swears this one goes much higher. We will be updating on ERBB on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with ERBB.
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Disclosure: we hold no position in ERBB either long or short and we have not been compensated for this article.