American Green Inc (OTCMKTS:ERBB) announced a partnership with Munch & Co. as its official hospitality associate in preparing the town of Nipton, California for what will be the country’s first cannabis-supported, energy-independent hospitality site. ERBB, in case you are not aware, is building a town solely devoted to cannabis.
Munch’s ability to navigate state, city and county regulations will help ERBB stay legally compliant while establishing a memorable experience for visitors and vendors for the objective of economic revitalization in the region mainly. Munch creates culturally pertinent brand experiences within the cannabis market, and has executed successful parties and festivals for brands in Denver, California and Las Vegas.
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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Munch will add to renovations presently ongoing on the town since its buy, supporting Nipton’s expected public release this fall. ERBB anticipates the town’s ‘reopening’ will set it as a leading cannabis tourism destination, all while the procedure of stimulating its economy via job creation and cannabis education and processing. Since purchasing Nipton, the company has also been refurbishing the Hotel Nipton, and readying it for the expected influx of visitors.
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 $21.83M, ERBB is a stock that could be seeing some interesting dividends down the road with items like food, hotels and souvenirs all in play. 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.