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American Green Inc (OTCMKTS:ERBB)’s New App Fails To Impress

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American Green Inc

American Green Inc (OTCMKTS:ERBB) has been rapidly fluctuating in the stock market, between $0.0015 per share and $0.0014 per share, following a decline on February 10. However, despite high trade volumes, the company has been unable to record a major change in its share price, for the last 1-week. One of the reasons for this could be the fact that ERBB has been silent for quite some time. The company last made a press release on January 28. 2017, when it launched a new application for its consumers.

ERBB launched a new and more flexible mobile application for its consumers, which is geared towards gathering data from users, anonymously, while also delivering them with information and share offers, amongst other features. However, the main purpose of the application is to allow it to update information in its native app, Xpress, in real-time. The current version makes use of market related surveys, as a whole, for information.

David Gwyther, the president of American Green, stated that they were a technology company, serving the cannabis industry as directly as possible. He further reaffirmed the company’s commitment to support the emerging cannabis industry, in different ways. The president also claimed that the application would help generate new revenue streams and optimize ERBB’s ability to service its customers. It should be noted here that the company is also marketing its smart-vending solutions, the American Green Machine, as a better than human verification and cannabis dispensing solution.

In addition to this, ERBB is also working on the expansion of its online cannabis store, after having added three new products to its inventory. The new additions have been made on the basis of feedback from consumers. The company’s online store aims to assist to consumers in deciding what products best suits their needs. The new additions include two new e-liquid flavors, a tincture and a full-size balm. Mr. Gwyther has claimed that their ongoing strategy is to offer the highest quality Hemp-infused products at the most competitive prices.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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