PHOENIX, AZ--(Marketwired - Nov 22, 2016) - American Green, Inc. (OTC PINK: ERBB) announced today that it has acquired an ownership position in the dispensary locator app, BlazeNow,™ which is currently available in Apple and Android app stores. The move comes as a follow-up to last year's February 26 announcement of what was then a Joint Venture. The re-invented relationship between the two companies accomplishes several of ERBB's stated goals in advance of releasing its own app called GreenXpress. Besides honoring its commitment to a trusted partner in BlazeNow, the opportunities presented by the investment include an immediate revenue-generating model via sales and marketing, deeper relationships nationwide with dispensaries and their patrons, and a valuable starting point to its own suite of technology apps scheduled for release in Q1 and Q2 of 2017.
"Our involvement with Blaze Now enables American Green to naturally grow its relationships with more and more dispensary business people nationwide. We believe this expanding involvement is a key component to success in any other in-market venture we look at," says David Gwyther. "American Green's 'prime directive' is the development of collateral revenues in the burgeoning cannabis industry, and the BlazeNow™ agreement accomplishes that," continued Mr. Gwyther.
Besides the immediate revenue potential and market-relevance afforded by the Blaze Now/American Green relationship, the company is working toward developing ventures that give long-term value to ERBB shareholders. The board believes that having a stake in a quality tech offering like BlazeNow,™ with its large upside potential, could represent an investment that could grow many times over as the cannabis industry matures. American Green will also have the opportunity to generate its own associated commissionable revenues along the way, creating what ERBB believes will be a "win-win" for both, the company and for Blaze Now.
"We are happy to have American Green take on a role as an active investor. They are an established brand in the marijuana sector and have developed key relationships since entering the sector in 2009. Also they have a capable and motivated team that we believe will help speed our expansion. BlazeNow™ is a solid product in which we have put a lot of time and industry knowledge. Having assistance from ERBB will help us become a household name and be a definite benefit," said Jeremy Carr, owner of the highly rated Exhale dispensary in Los Angeles and president of BlazeNow.™
The company is continuing its development on the American GreenXpress app as previously announced and has adapted its scope to a broader focus which will incorporate the value of BlazeNow along with other functional apps. Details of GreenXpress, help from the beta testers, and information about an app that allows remote, cashless reservations and purchases from the American Green Machine, or AGM -- formerly known as ZaZZZ -- will be available before the end of the calendar year.
Be sure to visit the company's website at www.americangreen.com and sign up for the company's emails alerts to stay current on news. In addition, join in the conversation here: https://otc.watch/groups/american-green-inc-erbb/forum/
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 be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, 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, Corp.
American Green, Corp., became one of the first publicly traded technology companies in the medical cannabis industry in the world, beginning in 2009, with the introduction of the ZaZZZ machine for automated, age-verifying dispensing of cannabis-based medicines. Now, with over 50,000 individual shareholders, American Green's mission is to be the cannabis & industrial hemp industry, seed-to sale innovator, leveraging our team of professionals, as well as value-added companies and products -- spanning cultivation, manufacturing and extraction, retail, and community outreach. We strive to develop sustainable businesses, while increasing shareholder value, and awareness beyond our industries.