American Green, Inc. (OTCMKTS:ERBB) Teases New ZaZZZ, Drops

After almost a month of silence, American Green Inc. (OTCMKTS:ERBB) finally teased a little more of the newest version of its ZaZZZ vending machine. This early leak was not enough to help the company maintain its chart position. ERBB dropped 11% to close under $0.02 per share once more. Volume was lower compared to Wednesday but remained far above the monthly average, at 81 million shares changing hands.

Even though there is no official press release yet, yesterday morning ERBB posted a picture of the new iteration of the ZaZZZ pot vending machine on its social media profile pages. The Mach 2 version of the ZaZZZ will have an “all 3-D touch screen front”, the posts inform. Indeed, the new ZaZZZ seems to have done away with the small touchscreen panel on the right. Where the glass window showing stocked products used to be, now stands a large touchscreen. There may also be a camera this time around, but the photo is too small to really tell.

ERBB also said that “software work begins”, now that the unit has been delivered. With the first new ZaZZZ arriving in the company’s offices and with unfinished work on the software that will eventually run on the machine, it seems very unlikely that ERBB will deliver on its promise to have multiple instances of the Mach 2 up and running in multiple states across the US by the end of October.

The company chose to tease the new machine before it could confirm it will meet its newest promise – to have it in multiple dispensaries “in October”. It could be that investors are getting so used to ERBB missing its own deadlines and failing to deliver on its promises for the ZaZZZ that another potentially missed deadline is no longer an issue.

With the company’s next quarterly report due in less than a month, anything that can help ERBB‘s share price is good news for the company. If the Q1 report shows toxic debt financing continued and ERBB‘s common stock got diluted further, this may put a wet blanket on the ZaZZZ multi-state launch. That is, of course, if the launch happens before the report is out.

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