In the last trading session, the stock price of American Green Inc (OTCMKTS:ERBB) declined more than 7% to close the day at $0.00130. The decline came at a share volume of 147.49 million compared to average share volume of 163.39 million.
Earlier in the month of January, American Green reported that a deal has been finalized with Dispension Industries Incorporated to be its exclusive Canadian supplier. The company has revolutionized the secure and safe management of regulated items, including cannabis pharmaceuticals and products, with its new-gen of its AGM, exclusive the Verified Identity Dispenser in Canada. As per the update, the initial machines to come in Canada are earmarked for demonstration and viewing to the private sector, key stakeholders and public in Halifax, Nova Scotia.
The Verified Identity Dispensers are set to play an important role in the supply of cannabis products as marijuana legalization emerges in Canada. While Canada is welcoming the Green Rush, the nation also recognizes the requirement for secure and safe distribution of these offerings. Prior to machine access, enrolled users are authenticated by scanning their finger utilizing industry leading vascular biometric know-how.
Corey Yantha, the President of Dispension Industries, expressed that to acquiesce with pending Canadian cannabis guidelines and the requirements established by their government there is just one system that they consider can exceed and meet their targets, and that is the VID.
Mr. Yantha added that American Green, and particularly the vending knowledge and expertise that Lindel Creed contributes, has enabled their business model to run in an efficient and streamlined manner. They look forward to a prosperous and long association with American Green.
Lindel Creed of American Green, expressed that making a decision to offer a countrywide distributorship cannot be taken lightly of course. He has been industry for almost three decades and he has seen failures and successes, very often dictated by the kind of distribution partners a firm has.