On February 19th, 2021, American Green, Inc. (OTCMKTS: ERBB) announced they reached record highs in sales and gross profits. The cannabis grow management operation in Phoenix, called “Sweet Virginia,” delivered a best $892,265 in revenue compared to the same period in 2019 of $773,079. Also, the grow management operation retained gross profits of $636,848 vs. $511,510 from the previous year. Revenue and gross profit finished 15% and 24% higher than the previous year.
American Green, Inc. (OTCMKTS: ERBB) president David Gwyther mentioned he is very pleased with these record numbers. Their team put in a remarkable effort in 2020 during trying times. To report the best numbers to date, is a credit to the team and the people who support them.
The online CBD department hit record numbers as well during the same period. Revenue increased 10% and profitability was up 41%. This was a result of better overall efficiencies and bulk buying power. American Green, Inc. (OTCMKTS: ERBB) continues to drive with the American Green Online Emporium. They are very satisfied with the sales of selected American Green products presented on Amazon. Additional Hemp products will be out for sale on Amazon in March with more in the following months.
American Green, Inc. (OTCMKTS: ERBB)
Bitcon (BTC) Payments
As of February 23rd, 2021, American Green, Inc. (OTCMKTS: ERBB) announced plans to expand their E-commerce Platform to receive Bitcoin (BTC) payments for its CBD and Hemp product lines. This is slated to begin next month (March, 2021).
Accepting Bitcoin as payment, and possibly other cryptocurrencies, will advance and boost American Green’s capability to increase transactions domestically and internationally. This is important to the Company because expansion into international markets signifies a key business goal for the coming year.
Bitcoin will allow American Green, Inc. (OTCMKTS: ERBB) to simplify global transactions and protect customers. Accepting Bitcoin will lessen possible payment complications due to currency fluctuations, internet security concerns, and credit card issues.
American Green, Inc. (OTCMKTS: ERBB) Recent Video
From the video: American Green, Inc. (OTCMKTS: ERBB) announced that it is expanding its E-commerce Platform to accept Bitcoin payments for its CBD and Hemp product line beginning next month (March, 2021). The company is excited to add Bitcoin acceptance as another value-added service for both their new and existing customer base. “Payment acceptance of Bitcoin and potentially other cryptocurrencies will improve and enhance American Green’s ability to increase transactions domestically and globally. This is of great importance to the Company, as expansion into international markets represents a major corporate goal for the coming year.” said Kevin Davis, VP President of Worldwide Sales for American Green. As American Green’s Online Emporium continues to demonstrate year-over-year growth, sales of American Green brand CBD and Hemp products will be made easier with the addition of selected cryptocurrencies, starting with Bitcoin. Speaking of growth,
American Green, Inc. (OTCMKTS: ERBB) recently announced its Financials, Reporting Double-Digit Growth and Record Sales Numbers. American Green, Inc. (OTCMKTS: ERBB) announced for the six-month period ending December 31, 2020, it has reached all-time highs in sales and gross profits. Its revenues and gross profits were 15% and 24% higher than the same periods in the previous year