American Green Inc (OTCMKTS:ERBB) has launched its online store as part of internal efforts designed to expand the company’s online presence. The store enhances the company’s efforts of bringing to market new products as it moves to ramp up sales.
Plans for New Products
Shareholders and other interest parties of American Green Inc (OTCMKTS:ERBB) visiting the online store should be able to purchase products at a 15% discount by the use of the coupon code ERBB 15. Over the pre-launch period the company says it has experienced an uptick in sales attributed to the online store. American Green is in the process of bringing to market new products as part of the ongoing changes to its hydroponic brick and mortar online store.
The unveiling of the new online store comes on the heels of the company creating its Colorado subsidiary having also formalized union with Herbal elements for the growth of legal cannabis and extraction operation.
Herbal Elements brings to the table local licensing, relationships knowledge and corporate assets as part of the deal. American Green Inc (OTCMKTS:ERBB) remains confident that over the next two years it will have accrued a 5% market penetration in the Colorado extraction technology.
Need For Acquisitions
The company’s president Steph Shearin maintains that every acquisition is completed for the purpose of strengthening the core business. The company has already completed the acquisition of TrackX, LLC a leading provider of Radio Frequency Identification and cloud-based management systems. American Green believes that TrackX remains well positioned to be the leader in RFID-enabled asset tracking and supply chain solutions.
American Green Inc (OTCMKTS:ERBB) is looking to bet big on the RFID industry that is currently valued at $8.89 billion up from $7.77 billion as of 2013. TrackX currently services some of the biggest companies in the Fortune 100 companies. The acquisition also provides American Green an opportunity to use state of the art tracking technology in all its offerings in the legal cannabis business.