Subscribers,
Our last trade idea continued to gain ground today so keep your eyes on that one.
But tomorrow we are shifting gears to a new trade idea that we think has been oversold and could be ready for a major bounce higher.
Get American Green, Inc (ERBBD) on your screen immediately.
Now, just to let you know, the Company normally goes by the ticker ERBB, but because of the shareholder friendly reverse stock split the Company conducted recently, the "D" is attached to the end of the ticker for 30 days.
American Green, Inc. (ERBBD) is second oldest publicly-traded cannabis company in America, with over 60,000 certified shareholders, more than any other company in the cannabis sector.
American Green's mission is to lead the cannabis and premium CBD industry. Leveraging their team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
ERBBD has participated in nearly all facets of the cannabis market and its current initiatives include (but are not limited to) the transformation of nearly-abandoned towns into "cannabis-friendly" destinations, a state-of-the-art cultivation facility in Arizona (Q4/17), promotion of medical-focused CBD (Cannabidiol) products from both whole plant and organic hemp sources, a smart automated vending solution system called AGM designed specifically to electronically identify, in
advance of a sale, individuals wishing to purchase controlled products that include cannabis, CBD, pharmaceuticals, and alcoholic beverages in casinos and sports stadiums.
In addition, American Green sees the continuing legalization of cannabis running in parallel to the gold rush in America in the mid-1800's. American Green has purchased the town of Nipton, California which it intends to develop into energy-independent, cannabis-friendly hospitality and employment zones. AG Managed Services provides consulting and capital resources for existing and new-build industry operations such as its joint venture relationship it enjoys with Hempful
Farms.
American Green’s Online Store
ERBBD offers over 40 premium CBD products online. All products are made in the USA and are backed by their 30 day money back guarantee.
Also, all American Green CBD products are made with 99% pure CBD isolate and contain 0.00% THC.
You can learn more about ERBBD and their products at their website https://americangreen.com/
Latest News...
As I mentioned earlier, the Company recently conducted a 1 to 500 reverse share split as part of their goal to increase shareholder value.
American Green Rolls Back its Shares to Broaden its Investment Appeal and Increase its Trading Capabilities
PHOENIX, AZ, Sept. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Today American Green (ERBBD) announced that the Company has filed with the State of Wyoming and FINRA to execute a reverse stock split with a ratio of 1 for 500, which becomes effective today. The Roll Back was approved by the Company’s Board of Directors and a majority vote of its shareholders in compliance with
its state laws and federal regulatory authorities and will have no inherent effect or change on either the Company’s total market capitalization or shareholder value as of the opening bell of trading this morning.
This is part of the Company’s plan to increase shareholder value in a number of ways. The Board of Directors believes that undertaking this reverse split is critically necessary for capital-raising purposes and believes the new, higher share price will increase the company’s visibility to a wider variety of shareholders and expects this action will have an overall beneficial effect to shareholders as well as the Company.
According to David Gwyther, American Green’s president, “The Company’s share restructuring was necessary to make possible the following:
- The Company will be able to attract investment into American Green using more traditional financing sources;
- Improve the trading price of ERBB shares;
- Enhance the marketability and liquidity of ERBB common stock;
- With the share price now over a penny ($.01), investor’s share deposits will not be subject to new FINRA rules implementing bond requirements for brokerage firms depositing shares on their customer’s behalf that are valued at less than a penny.”
As each of the American Green enterprises begins its transition out of
“development stage” toward becoming ongoing profitable businesses, substantial investment in the cannabis and CBD sectors still remain a requirement in order to grow each enterprise into the future and to attract a wider group of investors.
The Company believes the new increased share price, along with the proportional reduction of outstanding shares, could help American Green attract this needed capital.
Read in full at https://finance.yahoo.com/news/american-green-rolls-back-shares-142359176.html
"Sweet Virginia," American Green's Managed Premium Cannabis Operation in Phoenix, Arizona Hits Revenue Milestone this Month
PHOENIX, AZ, Jun 27, 2019 (GLOBE NEWSWIRE via COMTEX) -- -- Arizona Supreme Court upholds the sale of cannabis concentrates and infused foods
-- American Green expands kitchen capabilities
PHOENIX, AZ, June 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Today, American Green (ERBB) announced that it has achieved two major goals involving both revenue and quality for the cannabis it has grown and processed under American Green's Management Agreement with licensor, Natural Herbal Remedies.
The Sweet Virginia Grow has surpassed $870,000 in cannabis sales after just 7 months of operation and is now operating at near-capability within its 12,000 sq. ft. Phoenix facility. The Company is on track to achieve its next milestone of $1,000,000 in sales sometime this summer (FY2019) as the company expands its Phoenix kitchen facilities in accordance with the latest Arizona Supreme Court ruling permitting the production and sales of
cannabis-infused products within its licensed facilities. According to American Green's president, David Gwyther, "The Sweet Virginia Grow reached its first major sales milestone faster than originally expected, and is a true testament to the quality of the products and the strength of our team managing our Phoenix grow facility."
American Green-grown "connoisseur quality" medical marijuana is currently being sold in 36 Arizona state-licensed dispensaries who sell high-quality cannabis products to their patients. These dispensaries represent more than 33% of all of Arizona's active Medical Marijuana patients. This milestone was achieved by carefully integrating Sweet Virginia's output with the ever-changing needs of Arizona's cannabis
marketplace. Sales Manager, Ryan Anderson and Grow Manager, Bryan Croteau have put forth tremendous effort in educating the dispensary agents throughout the state and for organizing many patient-focused educational events throughout the state that underscore the importance of properly applied medical marijuana medication integrated with the appropriate high-quality American Green-grown cannabis - some of the highest quality of cannabis medicine found in the state.
You can read in full at https://www.marketwatch.com/press-release/sweet-virginia-american-greens-managed-premium-cannabis-operation-in-phoenix-arizona-hits-revenue-milestone-this-month-2019-06-27?mod=mw_quote_news
After today's massive selloff, we think ERBBD could have a major bounce coming.
According to the latest press release, the Company is committed to increasing shareholder value which should only attract new shareholders and traders alike.
And with the reverse split and subsequent sell off, the market cap of ERBBD has reduced dramatically.
All of this means ERBBD has a lot of potential upside in our opinion.
Get ERBBD on your radar now and be ready for a new trading day.
All the best.
SmallCapMomo.com
picks@smallcapmomo.com
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Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.
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