Newsletter
| Promoter: | Penny Stock General | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| ERBB | $2000 | UNKNOWN |
| Max Profit: 0.00 % | Gain at close: 0.00 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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American Green, Inc (ERBB)
Traders,
Today's play gave traders a couple of nice opportunities to buy the dips for very achievable 15% and 20% gains respectively.
Tomorrow we focus on a sector that is SUPER HOT right now - marijuana. Marijuana stocks are flying. Here's a small sample - TRTC up 170% in a few weeks, CGRW up 100% in less than two weeks, GRNH gained 100% in two days, and CBIS gained 150% in two weeks. So I went searching for marijuana stocks that haven't yet moved, and found a great looking, super liquid play in American Green, Inc (ERBB). ERBB has been consolidating well in recent days and closed strong today. It's 200 day moving average is $0.0025 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.>>> Today's News... American Green Financed the Accelerated Growth of Herbal Elements' Colorado SalesTEMPE, AZ--(Marketwired - Mar 29, 2016) -American Green, Inc. (ERBB) today announced that it has financed a significant expansion project for Herbal Elements, which produces American Green-branded products in Colorado. This project was financed to help Herbal Elements reach production and revenue goals and to drive income for American Green. "American Green has been a great resource for Herbal Elements. It has provided us access to many different types of commercial marijuana operations," says Greg Honan, Herbal Elements owner. "Our current project of installing an entire new second level of plants in our flower rooms is due to American Green providing us with innovative ideas and a focus on the unused vertical space in our cultivation location. The result of double-decking is the increase of recreational flower for the production of American Green-branded products. We now have a high-margin extraction product line for the recreational market without the costs of renting a larger facility. "We adjusted our techniques and strategies in order to improve our medical marijuana cultivation license and accommodate our newer recreational cultivation license for recreational concentrates," Honan continued. "American Green has provided our patients with new styles and types of packaging that assist with proper moisture and quality control. We discussed the needs for our new recreational concentrate effort with American Green. They minimized the time-consuming trial-and-error that comes with new techniques, methods, and product development. We are entering the market far faster than if we'd done it on our own. "Greg Honan does an amazing job in Eagle Vail and we're extremely confident in his ability to continue expanding Herbal Elements extraction products throughout Colorado -- all distributed in American Green packaging, of course," said Jonathan Miller, CEO of American Green. "We will help add several new concentrate variations to the rosin and bubble hash currently being produced as well as financing the introduction of two full-time salespeople for the Colorado market. Now that Greg's production of recreational material is in full swing, the margins on retail products are substantially higher than when he had to purchase raw material at wholesale cost. "We have just harvested our first batch of recreational flower to produce our own concentrates and we look forward to further synergies and proven techniques from American Green so we can continue to advance the distribution of our solvent-free concentrates and healthy flower for both our medical and recreational markets," Honan said. American Green's promise to invest in assets, improve those assets and derive income from those assets continues in Colorado with the financing of Herbal Elements' production and concentrate facilities. As Herbal Elements succeeds, American Green shareholders benefit from revenues on lending and branding. American Green has forecast cash flow-positive operations sufficient enough to pay down debt and service monthly operational costs by fourth quarter, 2016. Read this press release in full at http://finance.yahoo.com/news/american-green-financed-accelerated-growth-120000680.htmlAs you can see ERBB is the real deal, and now its chart is telling us there is a momentum breakout to the upside just around the corner. At its current price and potential technical targets of $0.0025 and $0.0032, there could be 47 - 68% short term upside. And remember, the sector is very hot right now with many names recording running triple digit gains. We think ERBB could be next. Make sure you do your DD and be ready for the market open. I'll touch base in the morning with a further update. The Team
www.WallStreetGoneWild.com
Follow me on Twitter @wallstgonewild
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