Almost halfway through the year, the cannabis sector, while down still year-to-date, has experienced a massive rally since the outbreak of covid19.
The coronavirus has laid waste to financial forecasts but some analysts and executives argue that the cannabis industry, and stocks related to it, still have long-term potential for growth.
The cannabis industry is made up of public and private companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Over the last 5 years, cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal and other uses.
Recent numbers released from leading cannabis stocks show that demand is increasing steadily. Additionally, research continues to come out showing the benefits of both marijuana and CBD. What many investors don’t realize is that the main potential for the cannabis industry is in the long term.
As one of the oldest cannabis stock in the industry, American Green Inc. (OTC: ERBB) remains a leading cannabis stock to consider buying at current levels.
American Green, Inc. (OTC: ERBB) became, in 2009, America’s second publicly-traded company in the cannabis industry. American Green now, with its more than 50,000 individual certified shareholders, is one of the largest (in shareholder count) 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.
The company recently announced that the strategic shifts that began in 2019 are now paying dividends in every division. According to David Gwyther, president of American Green, “During 2019 and early 2020, the company had to make changes in every division to accommodate the changing marketplace. I’m pleased to report that those changes resulted in each division’s revenue improvements compared to the same periods over the previous year.”
VP of CBD Worldwide Sales, Kevin Davis, said, “The key to the success of the American Green Online CBD Store is a combination of Top-Shelf Customer Service, The Integration of Technology, Competitive Pricing, Easy Payment Options, and Product Selection. Since our online CBD Store first opened 3 years ago, our growth has been primarily driven by our extreme sensitivity to customer feedback — by listening very, very carefully. Whether that means incorporating a capability to quickly respond to customer questions via email or phone, and making damn sure our customers know that they’re getting the best CBD available and are 100% satisfied, even if that means staying on the phone with them until they get all the information they need.”
EZ WEED has selected and purchased the company’s proprietary smart vending solution — called the “AGM” as their “system of choice” for EZ Weed’s new business venture teaming up with prospective cannabis dispensaries throughout the nation.
EZ Weed is run by Managing Partner, Lauren Smee and backed by retired NFL Linebacker-turned-venture-capitalist, Lamarr Houston. Mr. Houston, who played professionally for the Oakland Raiders and Chicago Bears, recently visited American Green’s AGM facility in Gastonia, NC. According to AGM Division Head, Lindel Creed, “It was obvious to me from the minute they both arrived at the AGM facility, that both Ms. Smee and Mr. Houston knew exactly which machine features they required for their venture and, by the time they left the facility, both were convinced that American Green could provide them.”
EZ WEED expects to purchase and supply the AGM Dispensing Vending Machines following their up-and-coming EZ Weed national launch and have already begun securing their location agreements with some of the top dispensaries in the US. According to Ms. Smee, “Our partnership with American Green is vital in reaching our goal of becoming the first national and mainstream marijuana vending machine provider and service. The automation, humanless sales method, and intelligent vending capabilities of the AGM will allow us to scale for high growth.”
EZ WEED was founded in January 2020. The company came to fruition organically through a love of cannabis and Ms. Smee’s extensive knowledge in launching startups — with a new twist and groundbreaking sales method in the cannabis industry. The average sales process in a dispensary can be anywhere from 15-45 minutes. With EZ WEED, the entire process, even as a first-time user, is on average 3 to 5 minutes.
Besides the state-of-the-art machines, EZ WEED also provides its dispensary partners with “white glove” customer service as well as completely customizable digital marketing for each American Green AGM vending machine it provides. We do all the work pertaining to custom menus, product display, machine maintenance and a dedicated account manager that remotely keeps track of machine sales and inventory.
According to EZ Weed, serving cannabis users in an efficient manner has proven to be a challenge on a national level. With forward-thinking ideas and the backing of the venture capital firm, League Ventures, EZ WEED stands ready to enhance the sales process for new and seasoned cannabis users all across America. Please visit the websites of these two great companies by clicking on their names above.
American Green looks forward to a great long-term relationship with EZ WEED and believes that their expedient, reduced-human interaction is perfect for our country’s environment for today and years to come.
In other news, American Green plans to open up 10 additional major markets to experienced vending operators wishing to sell American Green’s Premium CBD line of products. In addition to the AGM smart vending kiosk, the company is also a leading online supplier of America-made, high quality CBD products which it plans to “marry” to its state-of-the-art AGM machines.