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ERBB | $2000 | UNKNOWN |
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American Green, Inc (ERBB)
Subscribers, We've had an awesome run the past couple weeks, now after a short break, I am back with another highly liquid breakout play.
American Green, Inc (ERBB) is a super liquid play that has recently bottomed out and is now breaking out. We want to ride the momentum and today's "pause" could be the perfect entry point. ERBB closed today at $0.0019. It's 200 day moving average is $0.0028 and recent highs of $0.0032 which gives ERBB a substantial upside target. ERBB became one of the first publicly traded technology companies in the cannabis industry in 2009, Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American Green's mission is to lead the cannabis industry. Leveraging their team of professionals in cultivation, manufacturing, extraction, wholesale, retail, and community outreach, ERBB strives to develop sustainable initiatives, while increasing shareholder value, and company profit. Currently ERBB is developing medical-grade and consumer products that are based in their pure CBD isolate powder. Everything from kids’ ice cream pops to e-liquids for your vaporizer. ERBB's newest product, Clarity, is a unique, proprietary blend of cannabidiol (CBD) and Omega-3 from squid, enhancing the properties of CBD with the tried-and-true benefits of omega-3 in natural triglyceride form. ERBB's marquee products include;
US Legal Marijuana Sales To Hit $6.7 Billion In 2016 A new report by a leading marijuana industry investment and research firm found legal cannabis sales jumped 17%, to $5.4 billion, in 2015 and they will grow by a whopping 25% this year to reach $6.7 billion in total U.S. sales. The numbers are staggering, considered the first recreational dispensaries opened for business in Colorado only two years ago. ArcView Market Research recently released its fourth edition of The State of Legal Marijuana Markets report, and it includes the prediction that the legal cannabis market will see a whopping $21.8 billion in total annual sales by 2020. (By comparison, at that point, the legal marijuana market could be bigger than the National Football League, which saw roughly $12 billion of revenue last year but is aiming to reach $25 billion by 2027.) ERBB is perfectly poised, as one of the oldest, most experienced operators in the cannabis industry to take advantage of this massive projected growth.American Green Announces the American Green Xpress -- A Medical Marijuana Delivery ServiceTEMPE, AZ--(Marketwired - Feb 25, 2016) -American Green, Inc. (ERBB) today announced that it has created a new addition to the company's cannabis operational plan. The American Green Xpress will deliver cannabis to approved recipients, starting in Arizona. The service will offer a new level of convenience for patients and will feature the development and integration of a software and logistics application for use in Arizona and other states. Jonathan Miller, CEO of American Green, said, "Before joining American Green, I ran a company that developed mobile software applications both internally and for clients. As a result, there is a great network of talent and experience available to further American Green's development of a mobile app that will solve a number of existing issues for clients and regulators," Miller continued. "Working with an experienced team of developers that can integrate GPS, POS, and CRM reporting systems, together with the MJ Freeway mobile offering, I am confident that we can exceed state technological, reporting, and security requirements while delivering a user-friendly, feature-rich, dispensary-focused application for mobile and web patients and recreational clients to order product and develop social, community-based relationships." "There are several delivery services out there doing an 'okay' job but they are clearly struggling to provide a comprehensive service that fulfills the needs of the patients while complying with the strict laws and regulations outlined in each state," Miller continued. "We believe our company can provide a complete and effective solution that will set the standard for this market segment and generate sustainable and recurring revenues for the company. American Green Xpress will differentiate itself from the competition because they are not integrating all of the software 'hooks' that people see in other apps such as Uber, Instagram and Salesforce. The Xpress delivery app will drive revenues for American Green while increasing sales volume with home delivery -- a time-tested, common way to shop. Patients can schedule delivery, and we can update customers with new product announcements through in-app messaging." Development time is approximately four months. Patients and shareholders will be invited to beta test the application when the crucial QA and "feedback" version is released. An Email Alert will be sent to shareholders asking for test volunteers. Read this press release in full at http://finance.yahoo.com/news/american-green-announces-american-green-130000504.htmlAs you can see ERBB is the real deal, and now its chart is telling us there is a momentum breakout to the upside. At its current price of $0.0019, and potential technical targets of $0.0028 and $0.0032, there could be 47 - 68% short term upside. Make sure you do your DD and be ready for the market open. I'll touch base in the morning with a further update. Joe
www.StockShockandAwe.com
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