Welcome to our dedicated page for ERBBD news (Ticker: ERBBD), a resource for investors and traders seeking the latest updates and insights on ERBBD stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ERBBD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ERBBD's position in the market.
American Green, Inc. (OTC:ERBB) has partnered with PetTreater.com to distribute CBD pet treats, enhancing market presence in the growing CBD pet product sector. This partnership allows American Green to reach more customers, leveraging PetTreater’s subscription model, which is beloved by pet owners. Customers will receive exclusive vouchers for American Green's CBD products in PetTreater boxes during August 2021. The CBD pet product market is expected to grow at 40% annually, highlighting significant growth opportunities for the company.
American Green has announced the integration of Jumio's facial recognition software into its AGM Age Verifying Vending Machines. This AI-powered identity verification will facilitate customer onboarding for age-restricted purchases, including cannabis and alcohol. The integration is expected to be completed by November 1, 2021. Jumio's technology, which has verified over 300 million identities, aims to enhance security and streamline the verification process, allowing customers to easily access the AGM for purchases after initial enrollment.
American Green, Inc. (ERBB:OTC) announced participation in the Nightclub & Bar Show from June 28-30 at the Las Vegas Convention Center, showcasing its AGM Verified Automated Beer and Liquor vending machines. The company's objective is to enhance age-restricted automated sales technology, exhibiting its capabilities at Booth 1718. Lindel Creed, head of Automated Development, will demonstrate the machine, while President David Gwyther emphasizes its robust age verification system, aligning with their mission to improve customer assurance in automated sales.
American Green (ERBB) has signed a lease for a 35,100 square foot facility in Phoenix, Arizona, set to significantly boost its annual revenue. When fully operational, the facility aims to generate $10 million annually, translating to a 500% increase over the current $2 million revenue. The facility will include a state-of-the-art kitchen for cannabis product manufacturing and is expected to create around 35 jobs. The lease has a duration of 5 years with options for renewal and purchase within 2 years.
American Green (ERBB) announced its collaboration with Venom Extracts, a Curaleaf licensee, to sell the majority of its Premium Cannabis from the “Sweet Virginia” Grow operation. This partnership enhances American Green's market presence, specifically in producing premium quality fresh-frozen cannabis for concentrate products. The company has established a strong relationship with Venom, leading to increased production and product diversification, including Live Resin offerings and THCA diamonds.
American Green, Inc. (ERBB) has expanded its hemp product line on Amazon with the launch of its new Peppermint 250mg Hemp Lip Balm. Developed over three months, this product features natural ingredients aimed at providing relief for dry lips. The introductory price is set at $19.95 for a two-pack, valid until May 31, 2021. American Green's prior successful launch of hemp creams has driven confidence in future sales growth, as stated by company executives.
American Green announced a legal victory in Arizona Superior Court, where Commissioner David Garbarino ruled that the company’s grow building lease terms will remain unchanged. The ruling prevents a significant increase in lease payments by confirming that market rate hikes were not stipulated in the original agreement. Furthermore, the building owner is required to cover over $30,000 in legal fees incurred by American Green. This decision solidifies American Green's operational stability while protecting its substantial investment of $3 million in the West Phoenix grow facility.
American Green, Inc. (ERBB) announced it now accepts Bitcoin and other cryptocurrencies for transactions at its CBD Store and Emporium. Following extensive testing, online sales VP Kevin Davis confirmed that cryptocurrency transactions are operating smoothly. The company emphasizes that it does not speculate on cryptocurrency prices, as customer payments are converted to U.S. Dollars immediately upon purchase. The accepted cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), LiteCoin (LTC), among others, to enhance payment options and expand market reach.
American Green, Inc. (ERBB:OTC) is advancing its cannabis cultivation expansion with plans for a 20,000 square foot building in Arizona, along with an additional 16,000 square foot space. This initiative is expected to generate approximately $11 million in annual revenue, with an estimated net revenue of $7 million. The project will also feature state-of-the-art kitchen facilities for cannabis products. The architectural firm Gierczyk Architects is finalizing the design for this significant expansion.
American Green (ERBB) announced on February 23, 2021, that it will start accepting Bitcoin (BTC) payments for its CBD and Hemp products from March 2021. This move aims to enhance transaction capabilities both domestically and globally, aligning with the company's goal of expanding into international markets.
The integration of Bitcoin is expected to simplify international transactions and address potential complications related to currency fluctuations and payment security. American Green will not speculate on Bitcoin prices, ensuring all transactions are converted to US Dollars immediately.
