$ERBB -Cut its debt by over 70% and seeing growing revenue!

New Post Public Reply Private Reply Replies (0) Message Board
stockstein
187
$ERBB -Cut its debt by over 70% and seeing growing revenue! American Green (ERBB:OTC) Borrows Over 70% Less During the Past 12 Months Than the Previous 12 Months

GlobeNewswireJune 23, 2020
PHOENIX, AZ, June 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- American Green (ERBB:OTC) announced today that the amount the company needed to borrow in order to sustain itself during its development period dropped over 70% when compared to the previous four-quarter period. In the past 12 months, starting April 1, 2019 to March 31, 2020, the company borrowed a total of $450,000, compared to the $1,668,300 needed during the previous 12-month period between April 1, 2018 and March 31, 2019, representing a reduction in borrowing of over 70%.
According to David Gwyther, American Green’s president, ”This will mean the company and our shareholders can expect significantly less debt conversions that were the result of needing to borrow for operations. This reduction in borrowing should slow the rate at which shares converted from loans will add to American Green’s total outstanding shares.”
Some of the reasons that the company is requiring less ‘outside money’ is due to its recent expansion of ‘Sweet Virginia,’ the licensed 12,000 sq ft facility in Phoenix where the company grows premium cannabis for the Arizona licensed dispensary marketplace. Also, shareholders can credit the growth of American Green’s CBD Store which is expected to turn in its best year to date in both sales and profits. Also, American Green is on track to sell more AGM vending kiosks in 2020 than in all previous years.
If you are an experienced vending route operator serving a major market and wish to add a complete line of fully legal CBD products to your existing route, you should contact Mr. Lindel Creed at American Green’s AGM Vending Division located in Gastonia, North Carolina. You can email Lindel at lindel@americangreen.com or call him on his direct line at 704-718-3158.
Shop Our CBD Store Weekly Deals
● 500MG CBD Pet Tincture $24.95 (Save 28%)
● 2000MG CBD Oil $54.95 (Save 31%)
● 4000MG CBD Oil $89.95 (Save 40%)
● 99%+ CBD Isolate (10 Grams) $79.95 (Save 46%)
● CBD Bath Bomb Bundle (2 Pack) $18.95 (Save 24%)
● 50MG CBD Capsules $49.95 (Save 23%)
● CBD Capsules (Trial Pack) (Save 30%)
Save 20% on everything else by using promo code INVESTOR at checkout
*Weekly Deals end Friday, June 26th at 12:01 AM EST.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

2026 Buy-Side Index Reveals State Market Variance

Updated Category News Views 6

Toss out your one-size-fits-all real estate predictions; the Q2 2026 Buy-Side Index just unveiled some real whoppers about the housing market. What we're seeing isn't your typical year-over-year growth across the board. Nope, we're seeing splits as sharp as a knife between states. Some places are shooting up in price, while others seem to be stuck in mud. Price Surges and...

Continue Reading
Americas Cardroom's Poker Series Hits $7.2M Haul

Updated Category News Views 6

Massive Prize Pools Emerge in Just Four Days I found myself eyeballing some jaw-dropping numbers from Americas Cardroom's latest poker series, the Online Super Series XL. It's not every day you see nearly a hundred tournaments rake in over $7.2 million in prize pools in just four days. From September 6th to 9th, a whopping 62,847 entries signed up to make an honest...

Continue Reading
Streamlined AI Video Analytics for Public Safety Unveiled

Updated Category News Views 3

AI Without the Headache Alright folks, IREX is shaking things up, and not in the usual iterative, bit-by-bit tech progression way. StreamVLM™ has been rolled out as the world's first vision-language model (VLM) analytics engine tailored for the public safety sector—specifically, for cloud platforms. I’ve been around the block enough times to spot a significant shift...

Continue Reading
Fermi's Founder Pushes for Board Overhaul: What's Next?

Updated Category News Views 4

Fermi's Roller Coaster: A Founder’s Stand Seems like Fermi Inc. is on a wild ride through the business landscape, and it's giving shareholders more whiplash than satisfaction these days. Toby Neugebauer, co-founder of Fermi and the loudest voice in the room, is feeling like his company is facing some serious turbulence and seems determined not to sit idly by as it hits...

Continue Reading
DCM Services Teams with AKUVO to Boost Estate Recoveries

Updated Category News Views 14

Revolutionizing Estate Recovery Practices Here's the scoop: DCM Services (DCMS), that big shot in estate account resolution, is hooking up with AKUVO to shake up how credit unions handle estate recoveries. This alliance is a clear nod to modernizing a process stuck in the past. Let’s face it, handling decedent and probate accounts is no cakewalk, and traditional methods...

Continue Reading
Sustainability Investments: $17 Trillion Wager Faces Divergence

Updated Category News Views 4

Sustainability Investments: A Tale of Contrasts In the world of sustainability, a staggering $17 trillion has been poured into technologies over the past decade. That’s no chump change. But what do we have to show for it? According to Bain & Company’s latest report, this massive financial injection hasn’t exactly hit a home run. Progress, much like the stock market...

Continue Reading
Jari Spirits Set to Shake Up U.S. Market After Big Wins

Updated Category News Views 4

Korean Spirits Jari Eyes U.S. Market Entry Some stories just have that perfect 'right time, right place' vibe, and CJ Foods' recent splash with their Korean spirits brand jari is one of them. Buckle up, because this one's about a Korean distilling sensation gearing up to hit American shores with a bang. Accolades Pave the Path Jari, the premium Korean distilled spirits...

Continue Reading
Supply Maverick Simplifies Global Shipping Processes

Updated Category News Views 5

Paving the Way for Seamless International Shipping Supply Maverick's got a new mantra, folks: simplicity. They're slicing through the mess of international shipping and bringing some much-needed clarity for customers in Canada, Australia, and New Zealand. It’s about time someone shook up the logistics playbook. The Nuts and Bolts of the New Shipping System Imagine being...

Continue Reading
Intus Bio Secures $2.7M for Colorectal Cancer Test

Updated Category News Views 5

Pioneering Efforts in Early-Onset Colorectal Cancer Detection The battlefield of colorectal cancer prevention just got a serious upgrade with Intus Bio grabbing a $2.7 million award. This ain't just pocket change—it's a shot at rewriting the script on how we approach early-onset colorectal cancer, the pesky number one cancer gnawing at the under-50 crowd. Partnering...

Continue Reading
Lick the Plate Hits 2,000 Shows with Clown Band

Updated Category News Views 5

They say good things come in bizarre packages, and that's exactly the case as David Boylan's Lick the Plate zany celebration marks 15 years on air with its 2,000th episode. If you think of radio as a predictable endeavor, well, you're not tuned into Lick the Plate. A Milepost Draped in Multicolored Fabrics When you're browsing through colorful avenues of radio fame, it's...

Continue Reading

Top 5 Most Recently Viewed Articles

Unlocking Profit Potential with JPMorgan Stock for Investors

Updated Category News Views 137

Understanding JPMorgan Chase's Performance JPMorgan Chase & Co. (NYSE: JPM) is poised to release its third-quarter earnings report, and investors are keenly observing this pivotal financial event. Analysts anticipate the company will post quarterly earnings of $4.00 per share, a slight decrease from the previous year's $4.33 per share. Despite the expected dip in...

Continue Reading
Tech Giants Experience Sudden Drop Amid New Market Dynamics

Updated Category News Views 184

Tech Stocks Face Major Challenges Recently, a significant downturn in the tech sector has been observed, resulting in over $500 billion being wiped from the market value of top technology companies. This change in market sentiment is striking, especially as it has affected both software and hardware companies. Understanding the Market Shift The decline was notable as it...

Continue Reading
Compass Diversified's Financial Update Amid Ongoing Issues

Updated Category News Views 150

Compass Diversified Financial Disclosure Update Compass Diversified (NYSE: CODI) has recently disclosed significant developments regarding its financial statements for the fiscal years 2022 and 2023. The company is grappling with an ongoing investigation into its subsidiary, Lugano Holding, Inc. During this scrutiny, it was found necessary to declare non-reliance on its...

Continue Reading
DBGI Corp. Celebrates Uplisting to Nasdaq for Growth Prospects

Updated Category News Views 102

DBGI Corp. Uplisting to Nasdaq: A New Chapter Austin, Texas — DBGI Corp. has officially announced its uplisting to The Nasdaq Capital Market, a significant milestone that signals an exciting new phase for the company. This transition, taking effect soon, allows DBGI to trade using its ticker symbol 'DBGI', maintaining the brand recognition that investors and customers...

Continue Reading
Sallie Mae Stock Hits Record High: What Investors Should Know

Updated Category News Views 148

Sallie Mae Stock Reaches Record Heights Sallie Mae (NASDAQ: SLM), well-known for its prominent financial services brand, has achieved a remarkable milestone by reaching a stock price of $28.23. This significant achievement reflects a substantial boost in investor confidence, marking a remarkable 50.76% increase in its stock value over the past year. With its market...

Continue Reading