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American Green Inc (OTCMKTS:ERBB) Plagued By Lack Of Updates And Unimpressive Finances

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American Green Inc

American Green Inc (OTCMKTS:ERBB) has been slowly declining in the stock market, for over the last 2-weeks. The stock recorded a spike on February 23, following positive news from the company regarding the unveiling of its smart vending system. Unfortunately, ERBB was unable to maintain its gains and has slowly declined to its current share price of $0.0014. It should also be noted here that the stock has been experiencing a trade volume, which is only a fraction of its average volume of 144.74 million. The trend is not surprising, since American Green has a history of being irregular with its updates.

The last time ERBB issued an update was on February 23, 2017, when it announced that it planned to unveil its latest smart vending machines, at “The One Show”, in Las Vegas. The event is due to be held on April 19-21, 2017 and is hosted by the National Automatic Merchandising Association (NAMA). The One Show is known for attracting the largest manufacturers and vendors, from across the US. American Green also pointed out that a unique market-leading interface and patent-protected age-limit processing system makes the AGMs stand out. The company also plans to showcase three AGMs from different manufacturers, at the event. ERBB has also claimed that its biometric verification system is also in use by the US military, as well as several firms, where top-notch security is a priority.

Another cause of concern, for American Green investors, is the company’s most recent financial report, for the 4Q2016. ERBB recorded a decline in revenue, on a year-over-year basis, which fell to just $700, from over 108,000. Although the company also recorded a decline in operating expenses and net loss as well, investors are still being wary of the stock. Moreover, the revenues from ERBB’s latest venture is not expected to bear fruit, at least until the 2Q2017. However, success at the recent show would provide investors with the required encouragement to once again back the stock.

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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