American Green Inc (OTCMKTS:ERBB) is a company well known in and outside of the cannabis sector. ERBB is the company that is creating a cannabis town. The location is Nipton, California and ERBB is seeing some volume today on news that they are starting phase one of the transformation process.
“Not only have we been able to make rapid changes to the existing infrastructure, but thanks to the amazing team that has been assembled, we have created a solid development plan to present to necessary entities for consideration, and, hopefully, their approval — San Bernardino County being the first on our list,” said American Green president, David Gwyther. “With the realistic development plans and county/state governance having a high interest in developing the town and region correctly along with us, we are confident in our ability to generate employment and tax revenues which we believe will justify any actions we take in and around Nipton. The principle goal will be to create value derived from mutual respect among business people and their clients for the purpose of developing tomorrow’s “small town prosperity” not to be solely a ‘pot town.’ Our current projections and everything leading up to them keep our team very optimistic about our future success in the project,” concluded Mr. Gwyther.
American Green Inc (OTCMKTS:ERBB) operates as a technology company in the medical cannabis industry in the United States.
ERBB develops retail, brand, and commercial cultivating solutions in partnership with licensed retail medical marijuana dispensaries operated under the American Green brand name. The company operates ZaZZZ, a consumer operated marijuana vending machine for automated, age-verifying dispensing of cannabis-based medicines.
It also offers Jurassic Water for cannabis plants; truth lighting, a LED lighting solution; and OG tea nutrients, a specialty fertilizer product. It has collaboration agreement with Endexx Corporation to develop the Access Control Identification and Verification Vending Platform. ERBB was formerly known as Tranzbyte Corporation and changed its name to American Green, Inc. in May 2014. American Green, Inc. is headquartered in Tempe, Arizona.
According to company materials, “American Green, Corp. became one of the first publicly traded technology companies in the medical cannabis industry in the world, beginning in 2009, with the introduction of the ZaZZZ machine for automated, age-verifying dispensing of cannabis-based medicines. Now, with over 50,000 individual shareholders, the largest shareholder base of any cannabis-related public company in the US, American Green’s mission is to be the cannabis & industrial hemp industry, seed-to sale innovator, leveraging our team of professionals, as well as value-added companies and products — spanning cultivation, manufacturing and extraction, retail, and community outreach. We strive to develop sustainable businesses, while increasing shareholder value, and awareness beyond our industries.”
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“The [idea] here isn’t to create ‘Woodstock 2017,’” Stephen Shearin said, a consultant working for ERBB. “It’s about creating an environment where people come to work and share in a community.”
Construction on infrastructure begins immediately, but the process of setting up the first legal marijuana cultivation site in Nipton may be years out.
And if having a town solely devoted to cannabis consumption wasn’t enough, ERBB will soon offer its 70,000+ certified shareholders a chance to be part of Nipton history. American Green will make available a 1-foot by 1-foot tile, inscribed with the name of its purchaser, which will become a permanent part of Nipton’s town walkway. Each tile purchaser will receive a certificate representing their purchase and when visiting, they’ll receive a map showing the location of their tile as well as a 10% discount off of items.
Now trading at a market capitalization of $22.28M, ERBB is a stock that could be seeing some interesting dividends down the road – similar to the tile sales they are pitching now. Investors and those interested in the sector should be tracking the company’s progress at Nipton and watching how the company’s bottom line looks. Sign-up for continuing coverage on shares of $ERBB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $ERBB, either long or short, and we have not been compensated for this article.