American Green, Inc. (OTC Pink: ERBBD) is engaged within the cannabis and CBD industry across cultivation, manufacturing, extraction, wholesale, retail, community education & outreach, etc. Shares of the cannabis and CBD company skyrocketed 108.14%, during trading on Wednesday, September 25, 2019. Over the past month, American Green has seen average daily volume of 15,739 shares. However, volume of 2 million shares or dollar volume of $179,000, exchanged hands during trading on Wednesday.
Shares of American Green surged on Wednesday, after the company announced that Hydr8, LLC has selected American Green’s smart vending solutions, AGM, to launch its hemp nano bottled water product across hotels and convention centers in Las Vegas. Previously, American Green has been working with the company through its use of Hydr8’s proprietary concentrate in order to develop ERBB CBD and hemp products. An initial trial location is set to be rolled out as soon as possible. If the trial is successful, Hydr8 says it will place an order for an additional 19 AGMs across other locations in Las Vegas. Once orders are placed, American Green will have a period of 60 days to deliver and launch Hydr8-branded AGMs to each target location. Here is the full press release detailing of the announcement:
American Green, Inc. Press Release:
PHOENIX, AZ, Sept. 25, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Today American Green (ERBBD:OTC) is pleased to announce that Hydr8, LLC has selected American Green to deliver its premium hemp nano bottled water product to selected Las Vegas hotel and convention centers using the company’s proprietary smart vending machines called AGM. For the past year, American Green has been using Hydr8’s proprietary concentrate to formulate the company’s CBD and HEMP products.
What makes Hydr8’s nano-blended water special is that it goes through a 7-step purification process resulting in a smooth finish with no aftertaste. “American Green’s online customers love it!” says the company’s Online Marketing VP, Kevin Davis. “Hydr8’s extremely high quality and the purity of its Organic Hemp and CBD combine to create American Green’s popular CBD and Hemp Shots.” (American Green CBD Shots).
Hydr8’s plan is to distribute their water-infused products utilizing the “smart vending” technology (AGM) provided by American Green. Using this smart vending approach, Hydr8 plans to increase sales of its bottled products, along with selected American Green CBD offerings, at participating Las Vegas hotels and convention centers. The AGM touchscreens are easy to operate and are expected to create a real benefit to hotel and convention guests. When placed in the right, high-traffic locations, American Green’s AGMs are expected to deliver an additional profit center for Hydr8, American Green, and Las Vegas Hotels and Convention Centers.
The American Green/Hydr8 AGM Vending Solution will be rolled out to Hydr8’s first selected participating hotel or convention center property as soon as possible. Subject to a successful performance trial, Hydr8 intends to place an order for 19 more AGMs as the new properties are signed up. American Green will then have 60 days to deliver a Hydr8-branded AGM to each new property.
According to Michelle Wilkos, Hydr8’s founder and president, “We’ve had a great relationship with American Green over the past year and I’m continually amazed at their professionalism and am looking forward to this new venture with them. I believe that the AGM vending solution is the technology for tomorrow. They’ve spent years developing it, and I think it’s the perfect method to dispense our refrigerated Hemp nano-infused water to the hospitality Industry in Las Vegas and throughout Nevada.”
David Gwyther, American Green’s president, added, “It is fantastic that Hydr8 chose American Green’s AGM vending solution for its planned Las Vegas rollout of their Hydr8 Hemp Nano water product line. Our experience with the Hydr8 team has been excellent, and I am confident that our smart vending division will work well with their staff to deliver the highest quality of refrigerated, Hemp nano-infused bottled water to the Las Vegas Hospitality Industry.”
AMERICAN GREEN’S ONLINE STORE HAS SOME GREAT DEALS
Save 25% on all CBD products, though 9/27/19.
American Green manufactures over 40 premium CBD products (including our CBD Shots, mentioned in this news release).
All products are USA made, THC-Free, and come with a 30 day money back guarantee.
*Save 25% through Friday, September 27th (12:01 AM EST), by using promo code HYDR8 at checkout.
*Minimum spend for HYDR8 promo code is $50.00
HYDR8 promo code cannot be used on Weekly Deals.
American Green accepts: Visa, MasterCard, American Express, Discover, and Diners Club (which are securely processed in the USA).
See you online!
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, be should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
About American Green, Inc.
American Green, Inc. became, in 2009, one of the first publicly-traded technology companies in the cannabis industry. Now, with over 60,000 individual 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 our 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.