American Green Inc (OTCMKTS:ERBB) shares were up 20% on Thursday to $0.00180 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $21.19 million at 11.38 billion shares outstanding.
In a press release yesterday, American Green Inc announced that its proprietary verified vending system which includes the American Green Machine (AGM) or ‘The Ultimate AGM’ will make its public debut at “The One Show” in Las Vegas on April 19-21. This is the premier industry event and includes the largest manufacturers and vendors in the country.
On display will be American Green Inc’s market-leading interface is in use already, its patent-protected process created to enable the vending of controlled or age-restricted products and machines from three manufacturers side by side.
“American Green and our technology partner, PanPacific, have been working non-stop to improve this process for over four years now. The adoption of smart phones, familiarity with apps on those phones, and improvement in related vending technologies have now merged with a concept that the public could easily grasp before but are much more prepared to use now,” said David Gwyther, Chairman and acting President at American Green Inc.
“Creating a process that allows flexibility in the machine selected by clients yet permitting verified accounts to login to the machines of any companies who choose to participate will grow adoption faster and simplify use by all parties. A baseball fan could buy a beer at the game in New York and cannabis from a dispensary in California the next day through the same app utilizing their verified account. This is a huge step forward for smart retail and the automated sale of regulated products,” he concluded.
American Green Inc is a company that is engaged in the medical marijuana business. It offers a line of products spanning from cultivation to tracking inventory for growers and dispensaries for medical marijuana. It also owns all of the rights to line of health supplements under the label OneBode.
The company offers retailing, branding and commercial cultivating strategies in conjunction with its business with various licensed medical marijuana medical and retail dispensaries. It has consulted with dispensary operators in California, Colorado, Washington, Oregon and Arizona. It is focusing on providing goods and services that operators of licensed nonprofit medical marijuana dispensaries in regulated environments require and provides an array of compliance, financial, business development and management services. It is also developing a line of medical marijuana products that include custom packaging for pre-rolls, cured flower and solvent free extractions.